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PAN, Aadhaar must for cash high value withdrawals/deposits from tomorrow

PAN, Aadhaar must for cash high value withdrawals/deposits from tomorrow: From tomorrow, May 26th, India's cash withdrawal and deposit mechanism will undergo a shift. Citizens must now provide their PAN (permanent account number) or Aadhaar number when withdrawing or depositing more than Rs 20 lakh from bank accounts, including co-operative banks and post offices, in a single financial year, according to the Centre. According to a letter issued by the Central Board of Direct Taxes earlier this month, the same regulations will also apply when creating a current acc      Read More