Question

An account holder of a Bank maintains a Passbook. Write any two features of it.

Answer 1

1. Copy of the Ledger: A passbook is a physical or digital booklet provided by the bank that serves as an accurate, synchronized copy of the customer's account ledger in the bank's ledger books.
2. Chronological Record: It records all transactions, including deposits, withdrawals, interest credited, and bank charges in consecutive, chronological sequence, allowing the account user to quickly follow their current balance.