Question

1) Ms.Harshali has started new business two years ago. Her customers are located in different parts of the country and hence they are directly depositing bill amount in her business account. At the same time she used to pay various payments from this account only.
i) Identify Type of account maintained by Ms. Harshali.
ii) Suggest any one modern way of money transfer to Ms.Harshali.
iii) What kind of facility does she get on her bank account?

Answer 1

Answer:

current account

Explanation:

NEFT, RTGS and UPI

get no interest rate