Cash Transaction Limit Proposed To Be Cut To Rs 2 Lakh

In yet another move to curb black money in India, the government on Tuesday proposed a fresh ceiling of Rs 2 lakh on cash transactions, which is lower than the Rs 3 lakh proposed in Budget 2017-18.....

 

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HDFC, ICICI Bank Begins To Levy Cash Transaction Fee

In a bid to discourage cash transactions, from March 1, customers carrying out financial transactions at HDFC Bank and ICICI bank branches will have to pay a fee if the number of transactions exceed beyond four.....

 

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100% Penalty On Cash Transaction Above Rs 3 Lakh

Anyone transacting in cash above the newly imposed limit of Rs 3 lakh will have to pay a penalty of a similar amount, according to a top government official.....

 

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