Cash Deposits

The new charges would apply to savings as well as salary accounts effective from March 1, leading private sector player HDFC Bank said in a circular.

Pay min Rs 150 at HDFC Bank, ICICI, Axis after 4 cash deposits

Banks including HDFC Bank, ICICI Bank and Axis Bank on Wednesday began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

Could retain up to 40% of deposits since note ban: SBI Chairman

State Bank of India Chairman Arundhati Bhattacharya told Bloomberg that she was unable to give a precise estimate owing to the lack of clarity about the proportion of money that had come from businesses and individuals.

Govt may issue advisory to I-T dept on cash deposit scrutiny

The government is looking to issue an advisory to tax officials directing them to exempt investigating cash deposits below a threshold, in an attempt to curb harassment by officials probing deposits made since November 10 — according to a report in The Times of India on Monday.

I-T asks banks to report pre-demonetisation cash deposits

Seeking to analyse the banking transactions in months before the demonetisation, the Income Tax Department has asked banks to report cash deposits in savings accounts between April 1 to November 9, 2016.

Received Rs 13 lk cr in deposits so far: Attorney Gen tells SC

The Supreme Court has once again refused to intervene in the government's demonetisation drive. This as the Attorney General tells the court that deposits have touched Rs 13 lakh crore.

I-T dept detects undisclosed Rs 1.64 cr in Jan Dhan accounts

The Income Tax department has found "various inconsistencies" in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limit.

Over Rs 11 lakh crore back into banking system: Sources

Over Rs 11 lakh crore has been brought into banking system till November 30, people close to the government‘s demonetisation drive told CNBC-TV18. The government had declared as invalid Rs 500 and Rs 1,000 notes worth about Rs 14 lakh crore.