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प्रश्न
Explain the following term/concept:
Current deposits
टिप्पणी लिखिए
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उत्तर
A current deposit account is meant for businessmen and institutions. There are no restrictions on the number and amount of withdrawals from this account. Interest is not payable on the balance standing in this account. Overdraft facility is granted only to current accountholders after following the prescribed procedure of the bank.
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