In context with the current account, consider the following statements.

$1$.It is used for commercial purposes.

$2$. It attracts no rate of interest.

$3$. The bank generally charge a maintenance on such accounts

$4$. There are no limits on transactions.

Which among the statement is/ are correct?

Padmini opened a recurring deposit account in district cooperative bank for $10$ years and her monthly installment is $₹100$. If on maturity she gets $₹3,025$ as interest, then what is the rate of interest per annum?

The benefits of e-banking are listed. Choose the wrong statement:

I. Customers of e-bank can make some permitted transaction from office or house.

II. E-banking inculcates a sense of financial discipline by recording each and every transaction.

III. Unlimited access to the bank by the customers.

IV. It allows customers to transact only with the government.

i. It is opened by businessmen who have a large number of regular transactions.

ii. It includes deposits, withdrawals, and contra transactions.

iii. In the current account, the amount can be deposited only one time a day.

iv. Generally banks do not give any interest on these deposits.