Question

There is no restriction on the withdrawals from ________ account.

• A. saving
• B. current
• C. cash credit
  
• D. over draft
  

Answer 1

The correct option is B current

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.