Question

what are the features of current accounts?

Answer 1

Answer:

# features of current accounts

1. current bank accounts are operated to run a business.

2. It is a non-interest bearing bank account.

3. It does not promote saving habits with its account holders.

4. penalty is charged if minimum balance is not maintained in the current account.

5. It needs a higher minimum balance to be maintained as compared to the savings account.

Answer 2

Features of current account :-

• Current bank accounts are operated to run a business .

• It is a non-interest bearing bank account .

• It needs a higher minimum balance to be maintained as compared to the savings account .

• Penalty is charged if minimum balance is not maintained in the current account .