Banking · Negotiable Instruments
A commercial bank is legally obligated to honor and pay cheques drawn by customers against which types of accounts, provided there are sufficient funds?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fixed Deposit and Recurring Deposit accounts
- 2Current and Savings bank accounts✓
- 3Loan and Cash Credit accounts
- 4Public Provident Fund and Demat accounts
Correct answer
Current and Savings bank accounts
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