A current account is beneficial to its holder as?
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Correct Answer: Option A
Explanation:
Benefits of a Current Account
cheques can be issued to anybody
Allows for prompt business transactions.
No limit on withdrawals.
No limit on deposits in the home branch.
Enables businessmen to make direct payments using cheques, demand drafts, or pay orders.
Provides overdraft facility.
Provides internet banking and mobile banking facilities.
Benefits of a Current Account
cheques can be issued to anybody
Allows for prompt business transactions.
No limit on withdrawals.
No limit on deposits in the home branch.
Enables businessmen to make direct payments using cheques, demand drafts, or pay orders.
Provides overdraft facility.
Provides internet banking and mobile banking facilities.