2 Replies to “Is there any ceiling to deposit cash in banks in term deposit or recurring deposit account. If so, what is the?”

  1. If you deposit Rs. 50,000/- or more in cash, the bank is supposed to intimate RBI. If they have doubt then they can investigate the source of funds. Hence deposit less than 50,000 in multiples on different days in your a/c. And then collectively you can deposit the full amount from your account in term deposit. there is no limit.

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