Sec­tion 269ST

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No per­son shall re­ceive an amount of Rs 200,000 or more in cash from one per­son in a day or in re­spect of a sin­gle trans­ac­tion or in re­spect of trans­ac­tion re­lat­ing to one event or oc­ca­sion. This sec­tion ex­empts any re­ceipt by gov­ern­ment, bank­ing com­pany, post-of­fice savings bank ac­count and co­op­er­a­tive bank, among oth­ers. (This is to curb pur­chase of gold, heavy cash ex­pen­di­ture on func­tions, etc. This does not ap­ply to with­drawal or de­posit of cash in bank ac­count or post-of­fice ac­count.)

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