Can I get bank statements from 20 years ago?
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Can I get bank statements from 20 years ago?
You need to contact the bank and ask. Banks do keep records typically going back 7 years, though bank policies vary.. Twenty years back would be unusual. Statements are kept digitally or on microfilm or microfiche, with the latter forms taking longer to retrieve.
Will the bank ask where you got money UK?
There are no fixed amounts which trigger an investigation, but most banks allow around £8K a year (€10K) in cash before asking where you got it from. £1000 in cash will not be a problem for most banks. But be prepared to answer the question, “where did you get this cash from?” – just in case.
How much money can you legally keep in your house UK?
How much money can you keep at home legally? There is currently no legal limit on how much money you can keep in your home in the UK. In theory, if someone wanted to store £1 million in cash, they would be allowed to do so without breaking any laws.
How much money can be deposited in a bank account without tax?
Thus, as cash deposits and withdrawals of Rs 10 lakh or more in a bank account in a financial year are required to be reported to the tax authorities, you need to be careful if you are exceeding the prescribed threshold. This limit is Rs 50 lakh and more in case of current accounts.
Where do millionaires put their money?
Millionaires put their money in a variety of places, including their primary residence, mutual funds, stocks and retirement accounts. Millionaires focus on putting their money where it is going to grow. They are careful not to put a large amount of money into items that will depreciate.
How much money can be deposited in a savings account in a day?
However, cash deposit up to Rs 25,000 per day can be deposited in non-home branch, but beyond this limit there is Rs 5 per thousand charged subject to minimum Rs 150. If you are a third-party person, then upto Rs 25,000 per day cash deposit is allowed. If limit exhausted then, Rs 150 will be levied.
What is the limit of savings account?
The Most You Can Keep in a Savings Account In short, there is no limit on the amount of money that you can put in a savings account. No law limits how much you can save and there’s no rule stating that a bank cannot take a deposit if you have a certain amount in your account already.
What is the limit of transaction in saving account?
| Product Type | Per Transaction Limit | Per Day Limit |
|---|---|---|
| Savings A/c | Rs. 25,000 | Rs. 2,00,000 |
| Current A/c | Rs. 2,00,000 | Rs. 6,00,000 |
How much amount is taxable in bank account?
Interest income from a savings account is taxable as income from other sources. Individuals up to the age of 60 years can claim deduction on interest income under section 80TTA of a maximum of ₹10,000 (or actual interest income whichever is lower),” Cleartax Founder and CEO Archit Gupta explained.
Do I need to pay tax on my savings?
Earn up to £1,000 savings interest tax-free Less than 5% of people in the UK pay tax on their savings interest due to the personal savings allowance (PSA), which lets most people earn up to £1,000 in interest without paying tax on it.
What income is tax-free?
What is the Existing / Old tax regime?
| Income Range | Tax rate | Tax to be paid |
|---|---|---|
| Up to Rs.2,50,000 | 0 | No tax |
| Between Rs 2.5 lakhs and Rs 5 lakhs | 5% | 5% of your taxable income |
| Between Rs 5 lakhs and Rs 10 lakhs | 20% | Rs 12,500+ 20% of income above Rs 5 lakhs |
| Above 10 lakhs | 30% | Rs 1,12,500+ 30% of income above Rs 10 lakhs |
