1) Sale/purchase of motor vehicle
2) Sale/purchase of any immovable property of Rs. 5 Lacs or more
3) Deposit exceeding Rs. 50,000/ - in any post office
4) Fixed Deposit exceeding Rs. 50,000/- in any bank
5) Sale/purchase of Securities exceeding Rs. 1,00,000/-
6) Opening an Account with any Bank
7) Application for a telephone connection (including a mobile telephone connection)
8) Payment to hotels and restaurants against their bills for an amount exceeding Rs. 25,000/- at any one time
9) Payment in cash for purchase of bank drafts or pay orders or banker's cheques for an amount aggregating Rs. 50,000/- or more during any one day
10) Cash deposit in cash aggregating Rs. 50,000/- or more, with a banking company during any one day
11) Payment in cash for any foreign country travel exceeding Rs. 25,000/- at any one time.
12) Application to any bank for issue of a credit or debit card;
13) Payment of an amount of Rs. 50,000/- or more to a Mutual Fund for purchase of its units
14) Payment of an amount of Rs. 50,000/- or more to a company for acquiring shares issued by it
15) Payment of an amount of Rs. 50,000/-or more to a company or an institution for acquiring debentures or bonds issued by it
16) Payment of an amount of Rs. 50,000/- or more to the Reserve Bank of India, for acquiring bonds issued by it
17) Payment of an amount aggregating Rs. 50000/- or more or more in a year as life insurance premium
18) Payment to a dealer for purchase of bullion or jewellery, of an amount of Rs. 5 Lacs or more at any time
If any person does not have PAN No., he/she need to file declaration Form No. 60 for such transaction. Hence, your every transaction can be tracked down by the department.
Reserve Bank of India on Friday commercial banks on savings accounts and term deposits of less than three months time period is given the option to pay interest . This means that the bank will be paying interest each month .
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