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Is there any limit in depositing money in savings account in banks.

Is there any limit in depositing money in savings accounts in banks and will there be any problem of income tax or on the source of money.can i hold savings accounts in more than 2 banks and deposit money below 50,000 say around 45000 each in all my 3 or 4 savings account every week.will this attract any tax .i earn in a local finance business and my income is not on papers so please guide me how to save my income. If i had to pay tax for my income will i have to show source of income ?

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