what is the special feature of current account
Answers
Answered by
0
Answer:
needs a higher minimum balance to be maintained as compared to the savings
Answered by
0
A current account attaches zero-interest and there is usually no cap on the number of financial transactions that can be made each day.
A current account is typically popular among firms, public enterprises, businesses and companies that conduct financial transactions with banks on a regular basis. Also known as a demand deposit account (in the banking parlance), a current account includes withdrawals, deposits and contra transactions as well.
A current account attaches zero-interest and there is usually no cap on the number of financial transactions that can be made each day.
Similar questions