Banks Report Cash Deposits Over Rs 10 Lakh; No Limit on Savings Account Deposits
There is no legal limit on depositing more than Rs 10 lakh in cash into a savings account in a financial year, but banks must report cash deposits totaling Rs 10 lakh or more under the Statement of Financial Transactions rules. This threshold applies to combined deposits across the year, not individual transactions. Crossing it does not automatically trigger a tax notice; authorities focus on the legitimacy and source of the funds, which should be supported by proper documentation.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 40/100.
Outlets measured: news18, moneycontrol. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
moneycontrol broke this story on 5 Oct, 09:37 am. Other outlets followed.