Can I deposit 20 lakhs in fixed deposit?
Yes, you can deposit a $10,000 check into your bank account. There is no maximum limit on the amount for which a check can be written or deposited, provided the issuer has the sufficient funds available to cover the payment. When you deposit a check of this size, it is generally recommended that you do so in person at a bank branch rather than using an ATM or a mobile deposit, as large checks may be subject to longer hold periods while the bank verifies the authenticity of the funds. The bank may also require you to provide valid identification, especially if you are not a regular client or if the check is drawn from another financial institution. Keep in mind that while the bank will process the deposit, the funds may not be available for immediate withdrawal until the check has officially cleared through the banking system, which can take several business days depending on the bank's internal policies.
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