Suggestions & Opinions for Banks that allow instant IMPS

[karan1498]

Hello peoples need your suggestions !!

Please everyone tell me their opinion for the banks that allow instant imps i.e no beneficiary cooling period and stuff and upto the max limit which is 2lcs/tx for IMPS.
Also tell me opinions for which banks doesnt poke much in bitcoin transactions keeping in mind (2-25 lacs turnover per day) .

I am only aware of two banks with full limits and they are Axis(only through mobile app) , Indusind Bank .

Reply is highly appreciated .
Thanks .

[100bitcoin]

Also tell me opinions for which banks doesnt poke much in bitcoin transactions keeping in mind (2-25 lacs turnover per day) .

I hope u r talking about current accounts. INR 2500000 worth of IMPS per day will red flag almost every bank in India.

If u r talking about savings account, be sure to get your account frozen pretty soon and get notice from the bank for explanation.

[karan1498]

Ofcourse current accounts

[100bitcoin]

Ofcourse current accounts

Even in that case, if u r doing 25L/day through IMPS, bank may ask for your business details, GST registration etc. Though, I guess, NEFT/RTGS wont attract that much of an attention for this amount.

[karan1498]

Even in that case, if u r doing 25L/day through IMPS, bank may ask for your business details, GST registration etc. Though, I guess, NEFT/RTGS wont attract that much of an attention for this amount.

Does Btc come under gst? I'll do whatever they need!!

[bitcoinisbest]

Even in that case, if u r doing 25L/day through IMPS, bank may ask for your business details, GST registration etc. Though, I guess, NEFT/RTGS wont attract that much of an attention for this amount.

Does Btc come under gst? I'll do whatever they need!!

Kindly consult your CA before you start dealing in btc with such a huge amount. There is still not much clarity about btc and government my decide to either bring stringent laws or may ban it. So better be cautious as in some time we will hear it soon. Think before you start trading with your 20 lacs approx daily.

[karan1498]

Kindly consult your CA before you start dealing in btc with such a huge amount. There is still not much clarity about btc and government my decide to either bring stringent laws or may ban it. So better be cautious as in some time we will hear it soon. Think before you start trading with your 20 lacs approx daily.

I have already started doing it , and all CA hve just question mark on their face when i show this case!! So not much helping me about it . Ill just pay ITR for now