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to show the clients summary of transactions in their account during the time from the previous statement to the current statement.

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Q: Why do banks send people a statement?
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When does a Bank send a statement to a closed account?

Never. A Closed account is one in which there can be no banking activity or transactions and hence banks cannot and will not send any statements to the customers who hold those closed accounts. So there is no timeline available as to when it will be sent.


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Most banks usually send a hard-copy (paper) statement of the list of transactions in your bank account every month or every quarter to your residence address. Since a hard copy paper involves high costs & also impacts the environment (paper = trees being cut), banks have taken the initiative to send an email copy of your statement to your email address instead of your home/office address. This is easier, quicker and cheaper to the bank. If you want a statement that isnt the regular one (for ex: a consolidated statement for 6 months), you can visit the bank or call up customer care to request one.


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Is the Bank Reconciliation statement a part of financial statement?

Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.


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Do indian banks send MT799...if not why...is there are any RBI restrictions against sending MT799...can you please give me the link to the restriction if possible?

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Is a credit card company obligated to send you a billing statement each month even if there is no balance?

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