Correct the underlined word and rewrite the following sentence.

1) Overdraft facility is available for savings bank account holders.
Ans: Overdraft facility is available for Current bank account holder.

2) Services are tangible in nature.
Ans: Services are Intangible in nature.

3) Insurance helps to maximize the risks in the business.
Ans: Insurance helps to minimize the risks in the business.

4) The foreign bank is the apex financial institution in the banking industry in the country.
Ans : The central bank is the apex financial institution in the banking industry in the country.

5) RTGS stands for Reasonable Time Gross Settlement.
Ans: RTGS stands for real Time Gross Settlement.