A. cheques can be issued to anybody
B. customers cannot withdraw frequently
C. it is only the holder that can make withdrawals
D. it allows customers the use of passbooks
Correct Answer:
Option A – cheques can be issued to anybody
Explanation
Benefits of a Current Account
- cheques can be issued to anybody
- Allows for prompt business transactions.
- No limit on withdrawals.
- No limit on deposits in the home branch.
- Enables businessmen to make direct payments using cheques, demand drafts, or pay orders.
- Provides overdraft facility.
- Provides internet banking and mobile banking facilities.
