Concept:Fees charged by a bank for services on a current account are called bank charges.
Explanation:A current account holder enjoys services such as cheque clearing, withdrawals, and account maintenance.
Banks do not normally pay interest on current accounts.
Instead, they charge customers for the services provided.
These service fees are grouped under the term
bank charges.
Interest rates, commission on turnover, and minimum lending rate do not describe these service fees.
Answer:A. Bank charges