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What is the maximum amount of cash you can deposit in Savings bank account without PAN card?
Technically speaking - it is 49,999 rupees. As per the mandate by RBI, you are required to produce your PAN card if you are depositing more than Rs. 50,000 into your bank account. However, just because you need not submit PAN Card does not mean your transaction will go unnoticed. Any unusual transaction and large volume transaction will be monitored by the bank and will be reported to the RBI and Tax departments if the bank feels suspicious.
What else can I help you with?
Should you direct deposit into your savings or checking account?
It is generally recommended to direct deposit into your checking account for easier access to your money for everyday expenses. However, if you want to save a portion of your income without the temptation to spend it, direct depositing into a savings account may be a better option.
Is it possible to direct deposit into an account without my name?
No, it is generally not possible to direct deposit into an account without the account holder's name on it.
What are the advantages of having a Money Market deposit account?
Money Market accounts will typically pay higher interest than a traditional savings account. In comparison to CDs, a Money Market account generally does not tie up your deposit for a set period and withdrawals can be made without penalty.
How much money can be deposited into account without penalty?
The amount that can be deposited into an account without penalty varies depending on the type of account and the financial institution's policies. For most standard savings and checking accounts, there is typically no limit on deposits. However, for accounts like certificates of deposit (CDs), there may be specific maximum amounts or penalties for exceeding certain limits. It's best to check with your bank for their specific rules and guidelines.
Is it possible for me to deposit my paycheck into someone else's account?
No, it is not possible to deposit your paycheck into someone else's account without their permission.
Should you direct deposit into your savings or checking account?
It is generally recommended to direct deposit into your checking account for easier access to your money for everyday expenses. However, if you want to save a portion of your income without the temptation to spend it, direct depositing into a savings account may be a better option.
Is it possible to direct deposit into an account without my name?
No, it is generally not possible to direct deposit into an account without the account holder's name on it.
What type of bank account can you make six withdrawals per month without being penalized?
You're probably talking about a money market deposit account (MMDA) or a passbook/statement savings account.
What are the advantages of having a Money Market deposit account?
Money Market accounts will typically pay higher interest than a traditional savings account. In comparison to CDs, a Money Market account generally does not tie up your deposit for a set period and withdrawals can be made without penalty.
How much money can you deposit in a savings account at any one time without them having to report it to the IRS?
10,000$, Then it must be reported to the IRS, and only if in cash.
How much money can be deposited into account without penalty?
The amount that can be deposited into an account without penalty varies depending on the type of account and the financial institution's policies. For most standard savings and checking accounts, there is typically no limit on deposits. However, for accounts like certificates of deposit (CDs), there may be specific maximum amounts or penalties for exceeding certain limits. It's best to check with your bank for their specific rules and guidelines.
can you get a cash advance without a checking account I only have a savings with direct deposit?
Yes, you can. You can get an advance against your paycheck. This is a question best asked of a cash advance store. Call them.
Can you make a checking account without a deposit?
On opening an account backs will normally ask for a small deposit to start the process.
Is it possible for me to deposit my paycheck into someone else's account?
No, it is not possible to deposit your paycheck into someone else's account without their permission.
Is it possible for me to direct deposit into someone else's account?
No, you cannot direct deposit into someone else's account without their permission.
Is it possible for me to do direct deposit into someone else's account?
No, you cannot do direct deposit into someone else's account without their permission.
Can I set up direct deposit to deposit funds into someone else's account?
No, you cannot set up direct deposit to deposit funds into someone else's account without their permission.
