Savings and Current Bank Account allow cheque operations
Q. Which of the following permit cheque operation?- Published on 20 Jul 15a. Savings bank accounts and fixed deposit accounts
b. Current accounts and fixed deposit accounts
c. Savings bank accounts and cash accounts
d. Savings bank accounts and current accounts
ANSWER: Savings bank accounts and current accounts
When a customer draws a cheque on a bank, it is a mandate on that bank to pay.