36 lakh bank accounts saw cash deposits of ?10 lakh or more
Union Minister Santosh Gangwar has said that over 36 lakh bank accounts witnessed cash deposits of ?10 lakh or more, in a financial year. However, Gangwar didn't specify the financial year of these deposits. Notably, I-T rules state banks must report cash deposits aggregating ?10 lakh or more in a financial year, in one or more accounts of a person. 
New Delhi, Jul 18 (PTI) Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed today. Rule 114E of the Income Tax Rules says banks, including cooperative banks, have to report to taxmen cash deposits aggregating to Rs 10 lakh or more in a financial year, in one or more accounts (other than a current account and time deposit) of a person. 