What is the maximum limit of INR amount that can be held in a regular savings account in India?

There is no limit on any amount of money to be kept in either a current or savings account. Of course, you will end up inviting the attention of the Bankers for the following reasons : a. Large amount of money placed can play haywire with the standard deposit assumptions, made by the Asset Liability Department of the Bank, they would be concerned, if such a depositor would suddenly withdraw this money, then it will play havoc with the Structural Liquidity position. thus be sure that our film star will be "convinced" by his relationship manager to convert some amount of the SB balances to Fixed Deposits or other Liability products; b. Anti Money Laundering Department of the Bank, bankers are nowadays expected to be using account behavioral typologies. Such large placements would trigger alerts. This will lead to questioning and in case, a satisfactory answer, cannot be provided, a Suspicious Transaction Report with the Financial Intelligence Unit, needs be filed. c. RBI Inspectors, they typically check top 100 or 200 depositors of the bank, be sure such deposits are bound to catch attention.

There is no upper limit to how much money you can keep in your savings account in India. You will, however, need to furnish all the details when filing your income tax returns. Also, as per RBI guidelines, the bank has to inquire about the source of the money, especially if an amount larger than 2 lakhs is deposited at one go. This is an attempt to prevent banking frauds and wipe out any sort of black money.Savings accounts offer very low interest rates. So, a filmstar or anybody with a good capital should consider investing in different financial instruments like mutual funds, fixed deposits etc., or ventures, like startups, real estate, film production etc.You can find out more about the different types of investment options available to you from here - http://bbzr.co/1UFui5R

Before answering this question, I would like to aks a counter question. Why would anybody keep such a huge money in a saving account which just gives you around 4% to 6% of interest in nominal terms but in real terms it gives you negative return as the rate of inflation is more than after tax returns on saving bank account? To anwer the question propery as per my knowledge there is no restriction as to the maximum amount one can have in a saving bank account. Yes there can be stipulation as to the minimum amount which you are required to maintain in your saving account either on daily basis of on average basis. This varies from bank to bank.Moreover there can be limits as to the number of cheques which you can issue from a saving bank account. A word of advice in case you happen to have such huge money please do not keep this in the saving bank account for even a single day even if you may need it within a week or so. Please invest  this money in  liquid funds scheme of a good mutual fund house, you will be able to get returns more than interest on saving bank account and almost equal to those available on fixed deposits with the liquidity almost that of a saving bank account.

There's no upper limit on the amount of money that can be parked in a savings a/c. There is a minimum balance that needs to be maintained based on the respective banks' policies. It can easily be parked in a liquid fund that would provide roughly double the return and can be withdrawn whenever required. So people don't usually keep such large amounts idle in a savings a/c.

A2AThere is no ceiling on keeping amount in savings account. You may deposit trillion or multi-trillion amount.As far as film-star goes, they earn it as a way of professional income. For depositing income from profession, they need to open current account. All amount would be first deposited in current account, from there, he can transfer that amount to savings account. There is no bar on depositing N number of amount.

It is unlikely that anyone will hold that big an amount in savings account. Anyone who earns that level of income is looking to spread out his money into various investments and getting into some businesses. Holding such an amount in savings account is a huge waste of return potential of the money.The bank itself will be very happy as the money kept in savings account is low cost funds for the bank. So for the bank, there is no reason to refuse to hold a large amount in a savings account. It will increase their income.

There is no such limit exists in Savings bank account.if a person have this kind of amount then why would he put this in savings account which gives you juts 4–6% interest rate.

There is no limit you can keep your money in savings in yes bank or kotak as they give 6% interest on saving whereas others give 4%