“Government will initiate steps to empower accountholders to remedy the current situation in which they do not have control over deposit of cash by others in their accounts. Reforms will also be undertaken to strengthen governance in Public Sector…




Budget 2019 proposes to implement reforms to prevent deposit of cash into bank accounts of people without their knowledge. It may be mentioned that during demonetisation and in its wake there were reports of cash money being deposited in bank accounts, particularly Jan Dhan accounts, of many people which they later claimed to have been done without their knowledge.

The FM in the budget speech said, “Government will initiate steps to empower accountholders to remedy the current situation in which they do not have control over deposit of cash by others in their accounts. Reforms will also be undertaken to strengthen governance in Public Sector Banks.”



Currently, a person can deposit cash in any individual’s bank account without the knowledge or consent of the account holder, provided the depositor knows the bank account number of the recipient.

For example, a person can deposit cash into any Axis bank account holder’s account via a cash deposit machine of Axis bank by following these steps:

  • Enter the 15 digit account number:
  • It may be mentioned that some banks levy charges for deposit of cash into the savings accounts at non-home branches.



1 COMMENT

  1. Respected Madam,
    Sorry to let you know that SBI has held up Rs.2000 from my pension amount since last 2-3 years, without any reason. My present Branch manager had asked me to give him a written complaint though two times I had reported the matter to earlier Bank managers.No body takes care to tell me since last three years.Every month these people show the amount as held up amount without any reason. My SBI bank was originally at Kankurgach Branch, then shifted to Survey Park branch. I request you kindly to look into the matter and solve the problem faced by me evry month repeatedly. Barin Chatterjee

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