In India, there is no limit on the amount you can deposit in a Savings Bank (SB) account; however, deposits exceeding ₹10 lakhs in a financial year may require you to provide a source of income for tax purposes. If you regularly deposit less than ₹49,000, but your total deposits exceed ₹10 lakhs, you may still be asked to explain the source of these funds to comply with regulatory norms. It's advisable to maintain documentation for your deposits to avoid any issues with the bank or tax authorities.
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