Banking · RBI Guidelines

According to RBI instructions under Income Tax and AML guidelines, what is the maximum amount for which a Demand Draft (DD) can be issued against cash payment by a customer?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹75,000
2₹50,000✓
3₹35,000
4₹25,000

Correct answer

₹50,000

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According to RBI instructions under Income Tax and AML guidelines, what is the maximum amount for which a Demand Draft (DD) can be issued against cash payment by a customer?

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According to RBI instructions under Income Tax and AML guidelines, what is the maximum amount for which a Demand Draft (DD) can be issued against cash payment by a customer?

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