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Which minimum balance condition generally applies to current accounts?

medium Q6 of 15
Banking Awareness - Types Of Bank Accounts
Which minimum balance condition generally applies to current accounts?
AZero balance mandatory
BHigher minimum balance requirement
CNo balance tracking
DBalance required only annually
Step-by-Step Solution
  1. Step 1: Recall account conditions.

    Current accounts involve service-intensive operations.
  2. Step 2: Identify balance rule.

    Banks usually prescribe higher minimum balances.
  3. Final Answer:

    Higher minimum balance requirement → Option B
  4. Quick Check:

    More facilities = higher balance norm ✅
Quick Trick: Current account = higher minimum balance.
Common Mistakes:
  • Assuming zero-balance like savings variants.
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