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Do you also have an account in these 5 banks, know how much money you can deposit, SBI-PNB have also made strict rules

NEWS18 | October 7, 2024 11:46 AM CST

Cash Deposit Limit: Modi government has taken several steps to curb black money and tax evasion. One of these is the rule of depositing cash in banks. The government is trying to reduce cash transactions as much as possible so that all transactions can be monitored.

After the government's order, the country's top 5 public and private banks have made a rule for depositing money in cash. More money cannot be deposited than this. If you want to deposit more money, then you will have to resort to digital route or cheque. This order has been issued to reduce the cash limit so that every transaction can be fully monitored.

The limit for depositing cash in the country's largest bank SBI is Rs 49,999. You can deposit this much money without a PAN card or debit card. If your account is linked to PAN and you have submitted your PAN in the bank, then you can deposit up to Rs 2 lakh in cash at one time.

The limit for depositing cash in the country's second largest Bank of Baroda is the same as SBI. If you do not have a PAN and are depositing without a debit card, then only Rs 49,999 can be deposited. Whereas, with PAN you can deposit up to Rs 2 lakh in cash at one go. If we talk about the cardless limit, only Rs 20,000 can be deposited in a day.

The limit for depositing cash in the third largest government bank PNB is also very low. Here you can deposit Rs 1 lakh or 200 notes at a time through the cash machine. Yes, one lakh rupees can be deposited at a time only if your PAN is linked, if it is not so then only up to Rs 49,999 can be deposited at a time.

Talking about the country's largest private bank HDFC, the limit for withdrawing money from a savings account is Rs 25,000 and the daily deposit limit is Rs 2 lakh. You can withdraw Rs 1 lakh in a day from a current account, while the deposit limit is Rs 6 lakh. If you want to make a card-based deposit, you can also deposit up to Rs 1 lakh in a savings account. The daily limit with the card is Rs 2 lakh in a savings account and Rs 6 lakh in a current account.

Another government bank of the country, Union Bank of India, has a cash deposit limit of Rs 49,999 without a card and Rs 1 lakh with PAN. The point to be kept in mind is that if the bank's cash deposit machine detects a fake note, it will not be returned to the depositor.