Is there any transaction limit exist in salaried or savings accounts, above which notices can be sent, thus people suggested opening acurrent account

rajeshrajdaan

KF Rookie
Is there any transaction limit exist in salaried or savings accounts, above which notices can be sent, thus people suggested opening acurrent account
 

zacobite

KF Mentor
Is there any transaction limit exist in salaried or savings accounts, above which notices can be sent, thus people suggested opening acurrent account
current. account is for business / commercial.. its not optional for everyone.. are u running a commercial activity if yes then you shd have current account.. not savings
 

rajeshrajdaan

KF Rookie
current. account is for business / commercial.. its not optional for everyone.. are u running a commercial activity if yes then you shd have current account.. not savings
well on social media people said 10 lk is the limit for transactions for salaried people also, so I wanted to know the story, as people said notice might come.
 

zacobite

KF Mentor
well on social media people said 10 lk is the limit for transactions for salaried people also, so I wanted to know the story, as people said notice might come.
notice may come whenever there is suspected mismatch of income declared and expenses / transactions.. 10L or otherwise.. keep accounts..
 
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