April 26, 2023

What is Bank Statement - How to Get Bank Statement Online & Download

  • Would you like to know your account opening and closing balance amount, say at the end of every month?
  • Would you like to know the details of all your financial transactions such as deposits, withdrawals, transfers, service charges, etc?
  • Would you also like to know and keep a tab on any unauthorized transactions, besides keeping a closer watch on your expenses?
  • 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?
Welcome to the concept of a Bank statement, issued by banks to all its account holders at periodic intervals across various channels such as mail, email, SMS etc.
It is a simple, yet profound way of recording every transaction not only helps you in managing your finances, it also lets you locate the red flags.
Akin to the traditional bahi khata, the book reflects your transaction details, both cash inflows, and cash outflows, over a period of time.
This kind of record keeping is super helpful as you know your book balance at the end of the day, you are aware of all transfers, and withdrawals and you also know the details of deposits and payments that have been made.
So basically, your book tells you from where your money has come and where the money has gone/ spent.
All financial entities typically maintain records of all their customers for at least a period of five years.

Benefits:

  • 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.
    • By monitoring this document regularly, you also become aware of any suspicious activity or mistakes with regards to the transaction amount.
    • It also serves as an important ' proof of income' when you apply for a loan etc.
    • It also depicts any service charge or a transaction fee or penalty charges that may have been levied.

Proforma of a typical book statement

It typically contains three parts**:**
  • Account holder details
  • Account details
  • Transaction history

At the topmost left corner of the statement, you would find the following details:

  • Account number
    • Name of the branch, IFSC code, MICR code.
    • The holder's full name and mailing address as per the KYC docs submitted to the bank.
    • The period for which the document has been generated, the start and end date.
    • In the body of this document, is the entire series of transactions that have been executed during that period.
    • The date on which each transaction was executed and some details of the payment (sender/receiver) would be depicted on the statement.
    • You have the option to select the timeframe for which you would want this document.

Such statements can be sourced via:

  • 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:

  • Cheque deposits
    • Direct deposits
    • Electronic transfers
    • Cancelled cheque
    • Reimbursements
    • Credits
    • Debit card purchases and payments
    • ATM withdrawals
    • Bill payments
    • Service charges
    • Interest earned
    • Penalty charges

FAQs:

What is the difference between a mini and a bank statement?

In a mini-statement, you get access to view and print only your latest five or a maximum of ten transaction details. However, a bank statement displays your transaction details for a longer timeframe, a month, a year, or longer.

How do I download my book online?

It is a very simple process. All you need to do is simply log in to the official web portal of the bank in which you hold an account. Navigate through the homepage to locate the a-bank statement download option and press the tab.

Isthere an option to print my book?

Once you have generated your statement online, by navigating to the 'my account statement' page, clicking on the relevant account number, having selected the specific timeframe ( days, weeks, months, years), you have the option to either print your book or view it online or save as a pdf file or excel.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

Your Guide to Link Mobile Number with Bank Account: Physical and Gigital Means

Linking your mobile number with your bank account is a vital step in today's digital [banking](https://upstox.com/banking/) landscape. It not only provides you with real-time transaction alerts but also adds an extra layer of security to your financial dealings. We are living in a very digitally driven world today. Literally everything is online and that includes your banks, your accounts and therefore your personal data. While online is easy, it has led to concerns associated with security. Several initiatives have been undertaken to ensure people safety, data security and convenience. With smartphones in every individual’s hand and banks building a solid online presence, banking is now one click away. While transactions are being simplified and sophisticated, they also need to be bullet-proof. Hence, it has become very important to link your mobile number with your bank account. It is a simple process that allows you to receive real-time alerts, transaction notifications, and enhances the overall security of your financial transactions. In this blog, we will take you through the simple steps to link your mobile number with your bank account.

What is Western Union in India and How to Transfer/Send & Receive Money Online

Western Union Money Transfer is a global leader in money transfer services. With a network of over half a million agent locations in over 200 countries and territories, Western Union makes it easy to send and receive money around the world. Customers can transfer money online, through the Western Union mobile app, or in person at an agent location. Western Union also offers bill payment services, prepaid cards, and money orders. The company has been in operation for over 150 years and is a trusted and reliable way to manage money globally.

Reserve Bank of India - RBI Holidays -2022

Remember ! your good old school calendar in which our favourite page was the list of holidays chalked out at the beginning of each academic year. Just knowing this piece of information meant so much to us. Similarly, within the banking sector, the Reserve Bank of India ( RBI) is the apex body which publishes a detailed list of bank holidays, national and state-wise at the beginning of each calendar year. The RBI, India’s Central bank, also called as the banker’s bank key responsibility is to regulate and supervise the monetary and other banking policies of the financial sector which comprises financial institutions, commercial banks, non-banking financial companies. As an extension to its core responsibilities, the RBI publishes a list of holidays at the beginning of each calendar year. As per the holiday list, whether it is national specific or regional specific, banks would not be operational on those dates. Say for example: Republic Day, Independence Day, and Gandhi Jayanti are the only three National holidays; all other holidays are state-specific. For example: Banks remained closed on September 7-8, 2022 in Kerala for the Onam and Thiruvonam respectively. There will be a bank holiday on September 26, 2022 in Jaipur and Imphal for Navratri Sthapna. This comprehensive list of holidays is in addition to weekend Sunday holidays as well as alternate second and fourth Saturdays holidays during which all Banks across India remain closed. Consequently, the Banks across India would remain open on the 1st, 3rd and 5th Saturdays of every month (as per the notification of the RBI dated 28th August, 2015). The main purpose of declaring this comprehensive holiday list ( details given in Annexure) in advance at the beginning of each calendar year is to make you aware of the impending holidays so that you can plan your banking transactions accordingly with minimal stress. Consequently, it is mandatory for every bank across the Central / State Governments / Union Territories to follow the guidelines issued by RBI. Just to delve a bit deeper, this comprehensive list of holidays published by RBI is categorised as: - State-wise celebrations - Religious holiday - Festival celebrations and the basis of these holidays is governed by: - Holiday under Negotiable Instruments Act Real Time Gross Settlement Holiday - Banks’ Closing of Account The RBI holiday list is applicable to traditional banking transactions. As an netbanking and mobile banking customer, you can access your account 247365. You can also transact through NEFT payment service which is also available for 24×7365 (including bank holidays). However, in case of RTGS ( Real Time Gross Settlement) payment process, the 2nd and 4th Saturdays and all Sundays in a month are RTGS Holidays for every bank in India as per RBI guidelines. Besides, there is a list of additional RTGS holidays 20222 (apart from the already given holidays on 2nd & 4th Saturdays and every Sunday).

How to Check Union Bank Mini Statement By Missed Call, Number & Mobile Banking

To put it simply, it is a condensed version of your bank statement that only includes the most recent transactions. You can view the specifics of five current debit/credit cards, NEFT/RTGS/IMPS/UPI/etc. Transactions in this small bank statement. In terms of the Indian public sector banking industry, the Union Bank of India stands out as a frontrunner. Union Bank of India (UBI) provides online banking services that are among the best in the industry. The best banking services are available around the clock at Union Bank. Through Union Bank's online banking services, consumers may quickly and easily access their bank accounts, saving them valuable time. Account users can access various banking services, including checking their balance, getting a brief summary of their account activity, transferring funds, and more. Customers of Union Bank of India can generate bank account statements and Union Bank of India Mini Statements using a variety of handy channels, including SMS Banking, the Missed Call Facility, Union Net Banking, and mobile banking.