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A.
cheques can be issued to anybody
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B.
customers cannot withdraw frequently
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C.
it is only the holder that can make withdrawals
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D.
it allows customers the use of passbooks
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.
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