What is a bank passbook

A bank passbook is a physical booklet issued by a bank to record all transactions of a savings or deposit account. It serves as a tangible record for account holders to track their financial activity. Key features include:

• Detailed logs of all credits, debits, and interest earned.
• The current account balance after every transaction.
• Verification through official bank stamps and printed entries.
• A reliable document for address or identity proof in various offline processes.

Account holders can update their passbooks at bank branches or through self-service kiosks.