Multiple choice

Which of the following requires introduction by another current account holder?

  1. Current account

  2. Savings account

  3. Fixed deposit account

  4. Safe deposit account
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A Correct answer
Explanation

Current accounts typically require an introduction from an existing current account holder as part of KYC norms. This is because current accounts are used for business transactions and carry higher risk. Savings accounts, fixed deposits, and safe deposit accounts have simpler opening procedures.

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