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Cash holding limit News

SIT on black money

19 Jul 2018

SIT on black money suggests Rs 1 crore cap on cash holdings

The latest recommendations come after the earlier suggested limits of Rs 15 lakh and Rs 20 lakh were found to be too low.

14 Jul 2016

Black money: Ban cash transactions of above Rs 3 lakh, restrict cash holding limit to Rs 15 lakh, recommends SIT

The Special Investigation Team (SIT) on black money has recommended ban on cash transactions of above Rs 3 lakh and restricting cash holding with individuals to not more than Rs 15 lakh to curb illegal wealth in the economy.

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