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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning5 Marks
Question
Who can open a Current Account?
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Answer

  1. Any person competent to contract and satisfactorily introduced to the Bank may open an account in his/ her own name. He/ She may not open more than one such account. Accounts may be opened in the names of two or more persons and may be made payable to.
  2. Accounts can be opened for sole proprietorship firms, partnership firms, private limited and public limited companies, Joint Hindu families, trusts, clubs, associates etc. satisfactorily introduced to the Bank and on fulfilling laid down procedures and tendering required credentials.
  3. Accounts can be opened by minors of 14 years and above, if able to read and write, in their sole names.
  1. Any person competent to contract and satisfactorily introduced to the Bank may open an account in his/ her own name. He/She may not open more than one such account. Accounts may be opened in the names of two or more persons and may be made payable to.
  2. Accounts can be opened for sole proprietorship firms, partnership firms, private limited and public limited companies, Joint Hindu families, trusts, clubs, associates etc. satisfactorily introduced to the Bank and on fulfilling laid down procedures and tendering required credentials.
  3. Accounts can be opened by minors of 14 years and above, if able to read and write, in their sole names.

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