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A Passbook

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Keely Schneider

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3y ago

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Record book for savings account?

Passbook


Where to find a savings account record book?

Your bank has the best records of your savings account. You can ask them for a duplicate record book that you can take home and keep with your important records.


What is the record book for a savings account called?

It is called a passbook.


What is the minimum balance in sbh account?

Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !


In accounting what is balancing the accounts?

Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !


Record book of savings acount?

A record book for a savings account is a detailed log that helps account holders track their deposits, withdrawals, interest earned, and overall balance over time. It typically includes dates, transaction amounts, and descriptions, allowing individuals to monitor their financial activity and manage their savings effectively. Maintaining such a record can be beneficial for budgeting and financial planning. Many banks also provide online statements, but a physical record can serve as a personal management tool.


How do you record interests on savings account?

monthly,quarterly, semi annual, or yearly


What is a passbook savings account?

Passbook savings account is the savings account where all record of credits and debits, including deposits, withdrawals, and interest, are recorded on a passbook usually kept by the account holder. Passbooks are routinely updated with the necessary information by the bank. This type of account is well suited for those depositors who transact infrequently on their account and who don't have a need for a monthly statement.


A record book of a saving account is called what?

A Passbook


What record book for a saving account?

Its called a passbook


What is a savings or deposit account?

It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,


Record book for a saving account?

passbook