Question

Generally, the use of withdrawal slips is restricted to __________ account.

• A. Fixed
• B. Current
• C. Savings
• D. Recurring

Answer 1

The correct option is C Savings

Generally, the use of withdrawal slips are restricted to savings account. Many times a cheque is not issued to savings account holders to help customers withdraw money they are generally used in savings account.

In case of current accounts, there is no need of withdrawal slips because cheque books are given by default and money can be withdrawn by a bearer cheque.