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प्रश्न
Overdraft facility is usually availed by ______.
विकल्प
Savings deposit holders
Current account holders
Fixed deposit holders
Recurring deposit holders
उत्तर
Overdraft facility is usually availed by Current account holders.
Explanation:
The overdraft facility is offered by the banks to its account holders (This means a current holder can withdraw more money than it has in the account). These deposits can be withdrawn by the depositor at any time by means of cheques.
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संबंधित प्रश्न
How do commercial banks mobilise deposits from the public?
Briefly explain how Cash Reserve Ratio can be used to control credit.
What are Commercial banks?
Match the following:
| 1 | Savings account | P | For a fixed time period |
| 2 | Current account | Q | Deposited at an equal time period |
| 3 | Recurring account | R | No interest is paid |
| 4 | Fixed deposit | S | Nominal restriction in no. of withdrawals |
Which account holder gets Overdraft facility?
Commercial banks accept deposits, lend money and provide other services.
Distinguish between:
cash credit and loan.
Demand deposits include ______ and _______.
What are saving bank accounts?
How do commercial banks invest their surplus funds?
