In Indian Currency you can deposit Rs.39,999.00 without a PAN card.
Yes, you can have a cash deposit run as a split deposit without a check involved. A split deposit means dividing the cash into different accounts or purposes, and most banks allow you to specify how much goes into each account at the time of the deposit. Just inform the teller or use the bank's deposit slip to allocate the cash accordingly.
No, there is no such limit. You may be required to report large cash deposits, and there is a limit to the federal deposit insurance, but there is no limit on how much money you can deposit per year.
A cash deposit slip is the same as a receipt, it is proof of your deposit, how much it is when you deposited etc.
No but there's a limit ($10,000) that will have to be reported to the government.
"Whidbey Island bank requires you to make a deposit of 100 dollars to open a checking account with them. If you are opening a savings account, you must deposit at least 150 dollars."
How much did you deposit into your account?
in check form no. but if you deposit Cash the limit is $10,000 before the IRS will be notified with your information.
Mostly Yes, especially if the amount you are depositing is significantly large. For ex: If I were to deposit Rs. 5000/- into my dad's account, no one would bother much, but I were to deposit Rs. 50 lakhs, then the bank will ask me to produce some sort of ID to confirm who I am as well as to establish the relationship I have with the account holder into whose account I am trying to deposit the funds.
Yes, you can. You don't need anyones permission before depositing cash into their account. However it would be a good courtesy to inform them to avoid surprises. Note that, banks will accept deposits into any account without much questions.
Actually there are no disadvantages of having a savings account. Saving money is a good habit and keeping it in a bank account is even better because it will earn you an interest. The only downside is that the interest earned in a savings account is much much lesser than a fixed deposit but nonetheless the money is liquid and you can take it anytime you want, which isn't the case with a fixed deposit.
25000 thousand
10,000$, Then it must be reported to the IRS, and only if in cash.