Business Studies

There is no restriction on the withdrawals from ________ account.


ANSWER

current


SOLUTION
Current account is opened by a corporate entity. Unlike an individual, a corporate entity has numerous financial transactions that are routed through bank accounts. For the same reason, there is no limit of transactions in a current account.
Withdrawal limit for savings account, cash credit account, and overdraft account depends on the type of variant and other terms and conditions associated with the account.
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Single Correct Medium Published on 18th 08, 2020
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