Will there be any bank charges if I deposit fifteen lakhs and repay it later?
Depositing ₹15 lakh into your bank account may lead to certain charges, depending on the bank’s policies and your account type. For example, some banks offer a limited number of free cash transactions per month, and exceeding these can result in additional fees. If you plan to repay the amount through a loan, banks usually charge a processing fee, which is often a percentage of the loan amount. To get a clear understanding of charges that apply to your situation, please check directly with your bank.
Still have doubts?
Speak to a LeapScholar expert — free, no obligations.
More Cost & living questions
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- How do US universities evaluate Indian LLM applicants differently from UK or European law schools?
- What is the fee range for a one-year MBA course compared to a two-year course in UK?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- Can you explain the difference between Germany and Ireland regarding dependent visas and family stay for a PhD?
- Are golden visas available after education, and what are the eligibility criteria in UAE for a Master's/PhD?
- Are recommendation letters from college professors acceptable for my application for a MBA?
- What is the minimum budget required for studying abroad in Canada or Ireland for two years?
