Hi there. I can help you by answering whether can I withdraw 10 lakh cash from bank in India or not. The answer to your question is yes, you can withdraw Rs. 10 lakh in cash from your bank account in India. But, there are some conditions to it, which I will share with you below.
Can I Withdraw 10 Lakhs From Bank?
As per the rules of the RBI, banks are supposed to monitor cash transactions and withdrawals of Rs. 10 lakhs and more. So, you as an account holder, need to inform the bank at least one to two working days before the withdrawal.
The bank will approve your withdrawal and only then you will be able to withdraw the amount. I have an account at Axis Bank and did withdraw a big amount a while ago and had to go through this process.
However, the process for withdrawal can be different from one bank to another. So, you should inform the bank and ask them for the formalities related to the withdrawal. You may be asked to show some documents if needed.
This is all I have to share with you. I hope you have now learnt how to withdraw 10 lakh from bank in India.
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Authors Of The Question
Can I Withdraw 10 Lakh Cash from Bank?
Aryan
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53 days
2024-07-17T17:35:40+00:00 2024-07-17T17:35:40+00:00Comment
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