Can 5 crore transfer online
The transaction limits on Mobile Banking & Net Banking are as follow: 1) Payment Gateway transaction limit is up to 10 lakh per day / per transaction.
2) Own account fund transfer — No limit (up to the available balance in debit account).
3) IMPS to registered beneficiary – up to Rs 2 Lakh per day/per transaction..
Can I deposit 10 lakhs in bank
Thus, as cash deposits and withdrawals of Rs 10 lakh or more in a bank account in a financial year are required to be reported to the tax authorities, you need to be careful if you are exceeding the prescribed threshold. This limit is Rs 50 lakh and more in case of current accounts.
How can I double my money in bank
Here are some options to double your money:Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. … Kisan Vikas Patra (KVP) … Corporate Deposits/Non-Convertible Debentures (NCD) … National Savings Certificates. … Bank Fixed Deposits. … Public Provident Fund (PPF) … Mutual Funds (MFs) … Gold ETFs.More items…
Can I deposit 40 lakhs in my account
Cash Deposits in Banks : Banks will have to report cash deposits aggregating Rs 10 lakh or more in a financial year in one or more accounts (other than Current Account / Time Deposit) of a person. … (ii) Rs 2.5 Lakh or more, in one or more accounts (other than a current account) of a person.
Is LIC better than FD
Fixed deposits are best for both short and medium term investments whereas life insurance plans are designed for long term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years. You can invest a minimum amount of Rs.
Is one crore rupees enough to retire
You have a corpus of Rs 1 crore that has to be stretched out over a span of 25 years. I shall assume that you are retiring at the age of 60, with a monthly expense of Rs 25,000….Recent from this Author.Do you have “mad money” in your portfolio?May 31Index investing: Sensex or Nifty?May 217 more rows•Nov 16, 2020
Which is better Zerodha or Upstox
Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
How much money can I keep in Zerodha
There is no restriction on the amount of money that can be kept in your trading account.
What is the tax on 1 crore fixed deposit
Surcharges on tax remain untouched. Taxpayers with income between Rs 50 lakh and Rs 1 crore continue to pay 10% surcharge, between Rs 1 crore and Rs 2 crore pay 15%, between Rs 2 crore and Rs 5 crore pay 25% and those with income over Rs 5 crore pay 37%.
Can I deposit 2 crore bank
Deposit of 2 crore & above is designed especially for HNIs, Corporates, SSO, and Government Institutions, to park their surplus funds and enjoy attractive returns on their high-value deposits. This special category has a minimum deposit value of INR 2 crore.
Can we deposit 10 crore bank
If you cash deposit more than Rs. 10 lakhs from your savings bank account – Bank will report to Income Tax authority. If you do fixed deposit more than Rs. 10 lakhs in a financial year – Bank will report to Income Tax authority.
Can I double my money in 5 years
Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.
Which is better Zerodha or Groww
Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Groww. Zerodha is rated 4.5 out of 5 where Groww is rated only 3 out of 5.
Can we deposit 1 crore Zerodha
You can add a maximum of Rs 1 Cr using internet banking(using the payment gateway) and Rs 2 Lakhs using UPI from Kite’s Add Funds page in a single transaction. However, depending on the bank you use and the limit prescribed by them, this will differ for each account.
Can I transfer 1000 crore through RTGS
RTGS is used for transferring high value amounts. The minimum amount that can be currently transferred is Rs 2 lakh.