Dear Sir, as per Reserve Bank of India rules, what is the maximum limit?

Question

a person can deposit the amount in his name in any indian bank. The person is not having PAN Card.

Answer 1

You can deposit upto INR 50,000/- cash in your account if you don't have PAN card.

This according to RBI circular Aug 2002.

Answer 2

Read when it is required to have PAN card, at http://mytaxes.in/index.php?topic=42.0

Answer 3

Up to Rs.50,000/=.

Answer 4

You can deposit as much money as you like to any bank account. But as single transaction, you can only transact Rs:49000 or below it. If you have 50000 or above you may split it in multiples of 49000 or below it and deposit each with different pay in slips.

Answer 5

Rs 50000

Answer 6

Rs.50000 is the limit for depositing cash without having  PAN Number.

Answer 7

less then 50000 Rs. only cash deposit,