Need A Financial Product › Forums › Bank Accounts & Deposits › Can I keep property sale receipts in savings account › Can-I-keep-property-sale-receipts-in-savings-account_REPLY

October 25, 2014 at 1:34 am #48065
Sameer Kapoor
Participant

You cannot keep this amount in normal savings bank account for more than 6 months of the date of sale. Open a Capital Gain Saving Scheme account and deposit the money there. Money will be withdrawable on demand.