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Sale of property
Which is better option to receive Payment saving accouny or current account to sale of Ancestral property?
Replies (3)
Better is saving account bcoz SB Account you receive interest while current account don't give any interest.
Savings account is a better option certainly.
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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