bank does not give any interest on the money deposited
in ______account
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Answered by
2
Answer:
Current account does not earn any interest on the money deposited. It is opened by businesses who have a higher number of transactions. There is no restriction on the number of times deposits or withdrawals that can be made.
Answered by
1
Answer:
The bank pays interest on savings account deposits at a nominal rate, say 4% p.a. The bank does not pay interest on current account deposits.
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