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Explain the following term/concept:Current deposits - Secretarial Practice

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प्रश्न

Explain the following term/concept:
Current deposits

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उत्तर

A current deposit account is meant for businessmen and institutions. There are no restrictions on the number and amount of withdrawals from this account. Interest is not payable on the balance standing in this account. Overdraft facility is granted only to current accountholders after following the prescribed procedure of the bank.

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अध्याय 11: Correspondence with Banks - Exercise Q.2 [पृष्ठ १७१]

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बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
अध्याय 11 Correspondence with Banks
Exercise Q.2 | Q 5 | पृष्ठ १७१

संबंधित प्रश्न

Select the correct answer from the options given below and rewrite the statement.
Bank is a _______  institution


Select the correct answer from the options given below and rewrite the statement.
Resolution for opening Bank Account is passed in the _________  meeting.


Select the correct answer from the options given below and rewrite the statement.
Generally Interest is not paid on ___________ deposit account


Write a word or a term or a phase which can substitute the following statement:
The type of account for which higher rate of interest is paid to bank depositors..


State whether the following statement is true or false :
Generally no interest is paid by bank on Current Account.


State whether the following statement is true or false :
Bank correspondence should be brief and to the point.


State whether the following statement is true or false :
It is necessary to instruct the bank to stop payment of a cheque which is lost.


Find the odd one:


Complete the sentence:
A financial institution which receives deposits and lends money is called as __________


Select the correct option from below

Group ‘A’ Group ‘B’
________________ Current Account

Attempt the following:

Write a letter requesting the bank to issue a letter of credit.


Attempt the following:

Write a letter to bank for opening a current account


Justify the following statement:
There is a difference between Loans and Advances given by the Bank.


Explain the different types of deposits


Explain the following term/concept:
Time Deposits.


Write the meaning of ‘Bank.’


Choose the Correct Answer.

The Local Area Banks are promoting ______


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