1. CAN A PROPREITOR AVAIL A BANK LOAN ON HIS PERSONAL SAVINGS BANK ACCOUNT ?
2. CAN A PROPREITOR GET HIS BUSINESS ACCOUNT OPENED IN SAVINGS ACCOUNT CATEGORY INSTEAD OF CURRENT ACCOUNT ?
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Avaling a loan against personal savings acount
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Ya a proprietor can get loan on his personal savings account as proprietorship is not separate from proprietor but his business account can be opened in current account only
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