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Is it against the law to keep cash in a safety deposit box at a bank?
Wiki User
∙ 15y ago
17 Aug 2005 ... A bank account is a good place to keep your money safe and earn interest ..... There is no law against putting cash in a safe deposit box, ...
www.consumer-action.org/english/articles/banking_basics_leaders_guide - 70k -
Wiki User
∙ 15y ago
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What is a 'cash deposit ratio'?
Cash deposit ratio is with reference to a bank's the ratio of average cash balance held against total deposits of a particular branch.
What is the journal entry for cash deposit for Fixed deposit in bank?
debit bank accountcredit cash / bank
What is a cash vault and safety deposit box?
what is a cash vault deposit
Can you deposit gold into your bank account?
No. Only Cash (Money) can be deposited into a bank account. Gold is a valuable metal and there is no way a bank will accept that and deposit it into your account. However, you can always rent out a safety deposit locker with the bank and keep your gold in that for safekeeping.
Can you told me the Meaning of cash deposit?
A cash deposit is when you take actual cash (dollars and coins) to the bank and deposit them.
What is the general journal entry for cash deposit?
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
What is a bank CD?
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
What is Demand deposit?
A demand deposit is a normal checking or savings account at a bank. Demand deposit accounts can be drawn against by writing a check or withdrawing cash. They can also be drawn against by the use of a debit cards.
What is the cash reserve ratio in India?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash reserve ratio or CRR?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash deposit ratio?
Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.
I am a pakistani i have a lot of cash money now what bank account should i have to deposit money?
If you have a lot of cash, you will need to deposit the money in a bank in the town you live.
