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प्रश्न
Overdraft facility is usually availed by ______.
पर्याय
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 These deposits can be withdrawn by the depositor at any time by means of cheques.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
Discuss any five advantages of having a bank account.
Mention two differences between fixed deposits and demand deposits.
How do commercial banks mobilise deposits from the public?
SLR stands for ______
______ deposits earn very low rate of interest on it.
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 |
Explain any four advantages of a bank account.
Which account holder gets Overdraft facility?
Give two advantages of depositing money with commercial banks.
Explain three main features of a current bank account.
