Now, Your Bank Passbooks Will Have More Details: 10 Things To Know

Now, Your Bank Passbooks Will Have More Details: 10 Things To Know

RBI has directed banks to mention name of the depositor on passbooks in case of cash deposits.


The Reserve Bank of India (RBI) has advised commercial banks to provide adequate transaction details in the passbooks of account holders. “In the interest of better customer service, it has been decided that banks shall at a minimum provide the relevant details in respect of entries in the accounts,” the central bank said in a notification. The RBI said that many banks still do not provide adequate details of the transactions in the passbooks and/ or statements of account to enable account holders cross-check them.

Source

READ ---  Top Electric Car Countries (Charts)