What is bank passbook

A bank passbook is a physical booklet issued by a bank to an account holder, primarily for savings accounts. It serves as a tangible record of all financial transactions, including:

• Deposits and withdrawals made in person or via machines.
• Interest credited to the account by the bank.
• Updated account balance after every transaction.
• Essential account details like the account number, branch IFSC, and holder's name.

In India, passbooks are widely used for offline record-keeping and act as a valid document for address or identity verification.