Ban keeping cash in Bank locker

Ban keeping cash in Bank locker

I had asked Finance Ministry through my RTI, to tell whether it’s legal to keep cash currency in Bank lockers and if yes, has any upper limit been prescribed? Finance Ministry or CBDT were probably not aware about any such guidelines. RTI was then referred to RBI and even RBI has not ever issued any

I had asked Finance Ministry through my RTI, to tell whether it’s legal to keep cash currency in Bank lockers and if yes, has any upper limit been prescribed?

Finance Ministry or CBDT were probably not aware about any such guidelines.

RTI was then referred to RBI and even RBI has not ever issued any guidelines in this regard. So nobody knows in India about the legality of keeping cash in bank lockers.

So Enjoy, till we persuade the Government to ban keeping cash in bank lockers beyond the prescribed limits 😊😊😊

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