Question

“This kind service facility is offered by the bank only the Current Account holders”. Name it.​

Answer 1

Answer:

Bank gives many facilities to current account holder, one such facility is overdraft facility. Bank overdraft means deficit in a bank account caused by drawing more money than what the account holds. This facility is given on current accounts only.

Explanation:

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Answer 2

Answer: over draft facilities

Explanation:

Cheques, pay-orders, or demand-drafts can be issued via a current account for making direct payments to creditors. Overdraft facilities are also available for current account holders. The presence of small interest earnings on account balance makes a current account all the more attractive for its users