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Is PAN number mandatory when depositing cheque (above Rs.50k) in India?

Discussion in 'Payments' started by Arun, Oct 24, 2008.

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  1. #1
    I want to deposit a cheque from Google Adsense which is above Rs.50,000. I know that depositing Cash above Rs.50,000 requires the PAN number to be quoted in the deposit form. I would like to know whether anyone has deposited cheque (above Rs.50,000) without quoting the PAN number and got cleared by the bank? BTW, my bank is ICICI.
     
    Arun, Oct 24, 2008 IP
  2. Imran

    Imran Notable Member

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    #2
    No. You need PAN Number to deposit CASH ABOVE 50,000Rs, Not Cheque.
     
    Imran, Oct 24, 2008 IP
  3. shaileshk

    shaileshk Well-Known Member

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    #3
    Arun..Congratulation ............ ! for your Good success on adSense.
    You don't need PAN Number on deposit cheque for above 50k or more.
     
    shaileshk, Oct 24, 2008 IP
  4. Arun

    Arun Well-Known Member

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    #4
    Thank you Imran and shaileshk!
     
    Arun, Oct 24, 2008 IP
  5. Bohra

    Bohra Prominent Member

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    #5
    Is this valid for all cheques even if its in US Dollars ?
     
    Bohra, Oct 25, 2008 IP
  6. Imran

    Imran Notable Member

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    #6
    I think this is valid for all cheques, you can easily confirm this by calling up your local bank.
     
    Imran, Oct 25, 2008 IP
  7. kenny_pure

    kenny_pure Active Member

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    #7
    i think it is necessary to fill PAN number
     
    kenny_pure, Nov 10, 2008 IP
  8. jalanbk

    jalanbk Well-Known Member

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    #8
    This is valid for all cheques ... PAN Number required for cash transaction to prevent Money laundering and hawala / illegal transactions...
     
    jalanbk, Mar 11, 2010 IP
  9. kittyluver

    kittyluver Notable Member

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    #9
    There is no need to write PAN number to deposit checks. From April-2010, all the account holders should write their PAN in their deposit slip. Now RBI made it mandatory.
     
    kittyluver, Mar 11, 2010 IP
  10. shmily5660

    shmily5660 Peon

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    #10
    or your Good success on adSense
     
    shmily5660, Mar 28, 2010 IP
  11. kaburulu

    kaburulu Peon

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    #11
    i think no such requirements
     
    kaburulu, Apr 5, 2010 IP
  12. remember123

    remember123 Peon

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    #12
    yes :)
    I realised this just few days ago ;)
     
    remember123, Apr 10, 2010 IP
  13. cafe4fun

    cafe4fun Peon

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    #13
    yes it is i think
     
    cafe4fun, Apr 11, 2010 IP
  14. notricks

    notricks Member

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    #14
    Needed or not Needed, U must get a Pan Number. Its easy to get and will cost only 100 bucks if u catch some agent to do that for u. It saves u from lot of tines.
    50000 From adsense means u will have to pay tax in neat future. So better have PAN Card to avoid 10000 Rs fine
     
    notricks, Apr 12, 2010 IP