Question

Select the proper option from the options given below and rewrite the completed sentence.

There is no limit on the frequency of withdrawals from a ______.

Options

• Saving account

• Fixed account

• Current account

Answer 1

There is no limit on the frequency of withdrawals from a current account.

Explanation:

Current accounts are generally meant for business class people, as they make and receive a large number of business payments. These people often need to make huge payments on a regular basis; therefore, they use current accounts in which there are no restrictions on the number of withdrawals that can be made.