Current accounts are also called _________.

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RRB Paper · Accepted Answer

Current accounts are also called demand deposit accounts or checking accounts. These types of accounts allow customers to deposit and withdraw funds as needed, without any restrictions or limitations on the number of transactions or the amount of money that can be moved in and out of the account. Current accounts are typically used by businesses, although some individuals may also have them. They provide a convenient way for businesses to manage their finances and make payments, as well as to receive payments from customers or clients. Current accounts may also come with additional features, such as online banking, mobile banking, and debit cards, which can make it easier for customers to manage their funds and track their transactions.

Current accounts are also called _________.

Savings a/c

Time deposit a/c

Demand deposit a/c

Term deposit a/c

The correct answer is `No. 3: Demand deposit a/c`

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Current accounts are also called _________.

Savings a/c

Time deposit a/c

Demand deposit a/c

Term deposit a/c

The correct answer is No. 3: Demand deposit a/c

The correct answer is `No. 3: Demand deposit a/c`