Which documents are valid as Bank Proof?
Jainam Broking Limited
Last Update 2 jaar geleden
The following points are to be noted for valid bank proofs to be uploaded. The following details should be visible.
●Client Name must be pre-printed
●Client's Bank Account Number
●MICR or IFSC Code
A bank Stamp or Logo is mandatory on bank proo
- CANCELLED CHEQUE LEAF
●Since a cancelled cheque contains a person's banking information, one must have one of those to fulfil the Know Your Customer or KYC process.
●No, you shouldn't sign a leaf of a cancelled check for the two reasons listed below:
○No signature is necessary. The necessary banking information is already included on the cheque.
○Fraudulent practices involving the signature may land you in problems financially and legally.
If any institution or authority needs your signature on a document, they will ask you to sign the actual document and not the one that contains the cancelled cheque.
BANK STATEMENT
A bank statement, also known as an account statement, is a written record of the transactions made in a depositor's savings account or current account for a given time period. Bank statements allow account holders to monitor their activity and balances.
Typically, an account statement is composed of three sections:
- Account holder information
- Account information
- Transactions history
Typically, a bank statement gives a thorough description of the account for the chosen duration. The following is a summary of the account statement:
- The account's opening and closing balances
- Deposits made in the form of income, cash deposits, etc.
- Interest earned on the account
- Service charges and fines imposed on the account
- Cash, cheques, and other payment methods are used to withdraw money from the account.
BANK PASSBOOK
- Components of Bank Passbook
- Account holder’s name
- Account holder’s address
- Account holder’s contact number
- Account holder’s account number with the bank
- Account holder’s customer ID
- Account holder’s scheme ID (if the account is opened via a government scheme)
- Bank’s name
- Bank’s branch address
- Bank’s IFSC
- Date of opening the account
- Account nominee details (if any)
- The pages that come after the first page are all blank. Your transaction details will be printed on these blank pages. These pages are often divided into the following sections:
- Date (date when the transaction took place)
- Particulars (particulars of transaction such as transaction ID and name of an entity)
- Debit (Money withdrawn from the account)
- Credit (Money deposited in the account)
- Balance (Final Balance on the transaction date)