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Bank Finance

This query is : Resolved 

Sir,
Whether CC Loan is allowed to savings Bank account holder.
Whether it is manadatory to have current account , to avail CC Loan


Yes, it is manadatory to have current account , to avail CC Loan.
CC not allowed in SB account.


Why is it mandatory to have current account to avail CC loan ? What is the purpose or rationale ?

CC loans are granted for business purposes, for business transaction SB account can't be used.


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