How much money can you receive or send per day from your current account ?
What happens when you start a business? In the beginning, of course, your business
has a limited number of customers, and you receive a limited number of payments.
your business is small in the beginning, you need to send small payments. But with time, when you
start your business growing, you will see a significant increase in the number of incoming transactions
and outgoing transactions. Your customer base increases, and your vendor suppliers supply you more and
more. And our bank knows it very well; they have good experience in
designing the current account in such a way that it will not hamper the growth of your business. That’s why banks don’t keep any limit on the number of transactions, both incoming and outgoing. Also, they don’t keep any upper limit on receiving or sending money. In fact, if you keep a huge amount of money in your current account, the banks will benefit from this. If you have proper proof of
how you earn this money and that this money is legal, then you don’t
have to worry about how many transactions your business is doing or how big the transactions are.
Exception:
How much money can you receive or send per day from your current account ?exception
but please but please keep it in your mind that you can receive or send unlimited transaction you can receive and send what ever amount you need or want to send but if you are going transaction in cash that is cash transaction then you have to remember that every current account have a limit for cash
transactions after speak free limit of cash transaction you have to a charges for cash transaction which will lead to reduction of your profit so this is a exception would you have to keep in mind that you sell not transact any cash because there is a limit of transaction in cash in current account above this limit you have to pay charges for access cash deposit secondly if more than 5% of your total transaction is cash transaction then income tax Department May ask questions from you. Hence, we comment to not do any cash transactions if you are a current account.
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