A Bank Pass Book is a record issued by a bank to its customers that contains details of all deposits, withdrawals, and the balance in their account.

A Bank Pass Book is a record issued by a bank to its customers that contains details of all deposits, withdrawals, and the balance in their account. It serves as a physical copy of the transactions done in a savings or current account and is primarily used by individual account holders.

1. BANK PASS BOOK DR JENIFER THANGAM J ASSISTANT PROFESSOR SRI RAMAKRISHNA COLLEGE OF ARTS & SCIENCE

2. Meaning of a Bank Pass Book A Bank Pass Book is a record issued by a bank to its customers that contains details of all deposits , withdrawals , and the balance in their account. It serves as a physical copy of the transactions done in a savings or current account and is primarily used by individual account holders.

3. Features of a Bank Pass Book Issued by the Bank – Given when the account is opened. Customer Copy – It acts as a duplicate of the bank’s ledger account for the customer. Regular Updates – Entries are updated regularly either manually or digitally. Proof of Transactions – Legal evidence of all debits and credits. Shows Balance – Reflects the available balance in the account. Free of Cost – Generally issued free, but replacements may cost.

4. Contents of a Pass Book Name and address of the account holder Account number and type (Savings/Current) IFSC code and branch details

5. Transaction details: Date Particulars (e.g., cheque number, deposit, withdrawal) Debit/Credit amounts Balance after each transaction Importance of a Bank Pass Book Record Maintenance – Helps in maintaining financial records. Reconciliation – Used to reconcile bank statements with personal records. Loan Applications – Serves as proof of income or financial activity. Legal Evidence – Acceptable in court or by auditors. Monitoring Account Activity – Helps to detect errors or unauthorized transactions

6. DIFFRENTS BETWEEN PASSBOOK & BANK STATEMENT Feature Pass Book Bank Statement Format Physical booklet Printed or digital document Update Frequency Periodic (manual or automated) Usually monthly Purpose Customer’s copy of transactions Bank’s statement of account Accessibility Requires visit to bank or ATM Can be downloaded online

7. Precautions While Using a Pass Book Keep it safe and avoid damage. Regularly update entries. Cross-check entries with your personal records. Report discrepancies immediately.