Cash Deposit Rule: In India, most people have their bank accounts where they put their earned money. People put their money in the bank because it’s a safe place for their money. The RBI, which stands for Reserve Bank of India, is the main bank in our country. The Reserve Bank of India makes new rules for banks from time to time.
A message is spreading on WhatsApp claiming that the Reserve Bank of India has made a new rule for bank account holders. According to this rule, if you put more than Rs 30,000 in your bank account, your account will be closed.
Many people don’t know if the viral message is true or false. Today, we will find out the truth of the message and learn about the Cash Deposit Rule.
This is the truth of the viral message
For a while now, there has been a popular message spreading on WhatsApp that our country’s RBI Governor Shaktikanta Das has made new rules for depositing cash. According to these rules, anyone who has a bank account can only deposit up to Rs 30 thousand at a time. If you put money in the bank, your account will be shut down.
You don’t have to believe this because the RBI Governor hasn’t made any new rules. You can put as much money as you want in your bank account, and the RBI hasn’t made any new rules about it yet.
RBI According to these are Cash Deposit Rule
If we tell you the cash deposit rule in bank accounts according to RBI, then according to them, a cash deposit of more than Rs 10 lakh should not be done in a savings bank account within 1 year, if more than 10 lakh cash is deposited within 1 year. So they must inform the tax authorities about this.
If we talk about your current bank account then there is no limit, but regardless of the amount you deposit in your current account, you have to provide information about all this while submitting your application to Your ITR.
PIB Also did Fact Check
PIB (Press Information Bureau) checked this viral message to make sure people weren’t scared.
PIB tweeted to fact-check a message claiming that the Governor of the Reserve Bank of India made an important announcement about bank accounts. They confirmed that the claim was not true.
In the tweet, PIB said that the news was not true. The RBI has not made any decision like that. So, don’t believe such messages.
PIB This is how to get fake messages checked
Also, if you’re not sure about any other messages or news, you can ask the Indian agency PIB to check it for you. You can go to their website pib. govin or send the fake message/news to them on Whatsapp at +918799711259.
Then the PIB will verify if the message/news is true and let you know. We hope this article helped you learn about the Cash Deposit Rule and find out the truth about the viral message. Keep visiting our website to read more articles like this.
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