How Much Money Can You Keep at Home Legally in India

According to The Reserve Bank of India (rbi), There Is No Limit on The Amount of Money that Can Be Kept at Home Legally in India. Individuals Are Allowed to Keep Any Amount of Money at Home or In a Safe Deposit Box.

However, it is important to note that holding large amounts of cash can be risky, as it can be lost, stolen, or damaged. It is generally recommended to keep money in a bank account or other financial instruments that provide security and earn interest. Additionally, individuals should also comply with the tax laws and reporting requirements related to holding large sums of cash, as failure to do so can result in penalties or legal consequences. It is always advisable to consult with a financial expert or tax consultant for specific guidance on these matters.

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