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Sale of property

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293 Points Posted on 02 October 2019
Which is better option to receive Payment saving accouny or current account to sale of Ancestral property?
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On 02 October 2019 at 17:36 Report
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17264 Points Posted on 02 October 2019
Better is saving account bcoz SB Account you receive interest while current account don't give any interest.
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On 02 October 2019 at 20:46
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Profession Business
28207 Points Posted on 03 October 2019
Savings account is a better option certainly.
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On 03 October 2019 at 19:09
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Team Lead
7558 Points Posted on 04 October 2019
Since in current account only business related transaction shud be recorded.ancestral property is not related to business, so the proceeds can be deposited in SB account. Moreover you get additional income by way of interest on SB account
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On 04 October 2019 at 12:57


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