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Question
Correct the underlined word and rewrite the following sentence.
Overdraft facility is available for savings bank account holders.
Solution
Overdraft facility is available for Current bank account holder.
Explanation:
Current account is operated by business firms and other commercial organizations such as hospitals, educational institutions etc. who have regular banking transactions. In this account there is no restriction on deposits and withdrawals of amounts. No interest is paid by the bank on this account. Overdraft facility is available for this account. For current account, banks provide statement of account every month.
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