A Current Deposit Account is a running and active account. Holder of such account can freely deposit or withdraw money on many times as he feels necessary in any working day. The banker undertakes to repay these deposits anytime within the banking hours. In fact, unlimited cheque facilities are it's special feature. Account can be drawn upon by cheque without any notice, without obtaining any permission and without any penalty. Loan sanctioned on CD A/C.
Current deposits are parts of Demand Deposit.
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