if the amount is more than 2 lacs we have to transfer from our account or give PAN Card. In jewel shops also more than 2 lacs means we have to give pan no. U can withdraw 20 lac per annum as cash from ur savings account. More than 20 lacs means they will deduct 10% TDS from ur account. So many restrictions for using cash these days.Originally posted by: mango.falooda
oh really? I didn't know that. but how do you pay such a huge amount then? even ATM cards have restriction right? so it is all through bank transfer?