What is Bank Statement - How to Get Bank Statement Online & Download
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Would you like to know your account opening and closing balance amount, say at the end of every month?
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Would you like to know the details of all your financial transactions such as deposits, withdrawals, transfers, service charges, etc?
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Would you also like to know and keep a tab on any unauthorized transactions, besides keeping a closer watch on your expenses?
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Would you also like to know if there have been any uncashed cheques or if you have made any payments twice to the same entity or whether there are discrepancies in your opening and closing balance?
Benefits:
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By reviewing your book details, at regular intervals, you are fully aware of incoming and outgoing cash as well as the headings under each transaction.
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By monitoring this document regularly, you also become aware of any suspicious activity or mistakes with regards to the transaction amount.
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It also serves as an important ' proof of income' when you apply for a loan etc.
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It also depicts any service charge or a transaction fee or penalty charges that may have been levied.
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Proforma of a typical book statement
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Account holder details
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Account details
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Transaction history
At the topmost left corner of the statement, you would find the following details:
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Account number
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Name of the branch, IFSC code, MICR code.
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The holder's full name and mailing address as per the KYC docs submitted to the bank.
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The period for which the document has been generated, the start and end date.
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In the body of this document, is the entire series of transactions that have been executed during that period.
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The date on which each transaction was executed and some details of the payment (sender/receiver) would be depicted on the statement.
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You have the option to select the timeframe for which you would want this document.
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Such statements can be sourced via:
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E-statements - which is sent on your registered email id and mobile number.
- Physical copy which is sent to your postal address.
Your transaction details would reflect a combination of deposits, transfers,withdrawals and service charges such as:
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Cheque deposits
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Direct deposits
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Electronic transfers
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Reimbursements
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Credits
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Debit card purchases and payments
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Bill payments
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Service charges
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Interest earned
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Penalty charges
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FAQs:
What is the difference between a mini and a bank statement?
How do I download my book online?
Isthere an option to print my book?
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