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Current Deposit

Banks do not ...

Question

Banks do not provide any interest money to the customers who access current deposits accounts.

A

True

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B

False

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Solution

The correct option is A True

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Similar questions

Q. State the following statement is True or False
In fixed deposit account ,bank does not provide interest

Q. A girl deposits

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7

intersection per year.
Assuming the girl does not take any money out of the account, calculate:

Banks give no interest on the money deposited in Savings Account.

In a Current Account, 4% interest is provided by the bank on the amount deposited in the account.

Q. Banks do not pay any interest on __________accounts. Rather, banks impose service charges for running these accounts.

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