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For any transaction paid in cash for more than Rs 50000 to NBFC , the NBFC will insist on PAN card , or PAN number if the same was provided to the bank at the time of taking the loan

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Q: Is PAN card required for cash deposit of more than Rs50000 against your loan outstanding in NBFC in India?
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Related questions

What is an outstanding deposit?

an outstanding deposit means cash received by the company and recored in their general ledger, but bank has not yet credited the bank account


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When we use verb require and when we use verb required?

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Fixed deposit is the case in which you deposit the amount for a particular time period. Now the loan which you get against your deposit is a specific amount of money which is differ according to bank policy.


At the beginning of the week the balance in your checkbook was 398.52 During the week you made a deposit of 425.69 You also wrote checks for 29.72 135.47 and 208.28 What is your balance?

To the beginning balance, add the deposit made and then subtract the sum of the outstanding checks to figure out the new balance. Beginning balance + deposit: 398.52 + 425.69 = 824.21 Outstanding checks: 29.72 + 135.47 + 208.28 = 373.47 Balance - outstanding checks: 824.21 - 373.47 = 450.74 (new balance)


Which type of deposit is paid in advance to protect landlords against nonpayments?

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