The DCB Bank Passbook is a compact and traditional ledger that is provided by the bank to its customers on opening a savings account. It records all the transactions routed through the bank account such as deposits, withdrawals, transfers, and interest earned. It is a reliable means to stay updated on the monetary operations in a DCB Savings account and provides a simple yet effective way to effectively manage finances and monitor transactions.
What is a DCB Bank Passbook?
The DCB Bank Passbook is a crucial financial document issued by the bank to its customers on opening a bank account. It serves as a comprehensive record of all the banking transactions and provides details of funds transfers, interest earned, deposits, and withdrawals. It is a tangible and user-friendly way for customers to keep track of their account activities and balances.
The DCB Bank customers can present the DCB Bank Passbook at any DCB Bank branch for updation. Regular updation of the passbook helps account holders in monitoring their monetary activities and managing them efficiently and plan their savings or investment accordingly.
With digital banking becoming prevalent, DCB Bank has introduced the E-passbook facility through a mobile application. Despite this, for some customers who are not comfortable with digital banking or do not have access to online banking facilities, the manual passbook is still a preference.
How to use a DCB Bank Passbook?
DCB provides both manual passbooks and e-passbook facilities to its customers. To use the DCB m passbook you will have to download the DCB On-The-Go mobile app from Google Play Store or App Store and log in using your user ID and MPIN. You can access the DCB Passbook statement through the My Accounts option on the mobile. You will be able to view all the transactions in your account.
If you prefer a manual passbook and have collected one after opening an account with DCB Bank, here is how you use it.
- The passbook may have an initial deposit entry if you have deposited the specified initial amount into the account on the date of opening the account.
- If you have up-to-date information about the activities in your account, you should visit the branch and get the passbook updated regularly. Alternatively, you can visit the bank’s ATM supported by a Passbook Printing Kiosk and print the entries yourself.
- All the deposits, withdrawals, funds transfers, etc transaction detail will be recorded in your passbook,
- Ensure accuracy by verifying the transactions once the passbook is updated. If you find any discrepancies consult the home branch and get it rectified.
- Make it a habit to get the passbook updated regularly or ideally after every significant transaction, to have an accurate and up-to-date record of your account activities.
How to Download DCB Passbook?
The DCB Passbook is available on the DCB ON-THE-Go app. This is a comprehensive app featuring several banking services including DCB Passbook statements. To use the E-passbook facility
- You will have to download the App from Google Play Store or App Store and install it on your device.
- Register for the application using your DCB Bank Customer ID and Debit Card details or your net banking details.
- Set a login MPIN during the registration process.
- Once the MPIN is set, you can log in to the app using your User ID and MPIN and access the DCB Passbook Statement through the ‘Accounts’ option on your mobile dashboard.
- On choosing your account number you will be able to view the transactions in your account.
- The transactions conducted through the account will be automatically updated in the E-passbook.
If you persist in using a manual passbook
- Collect the passbook on opening an account with the bank.
- Get an entry of the initial deposit made into the account on opening the account.
- Subsequently, you get the passbook updated at regular intervals and if possible after every specific transaction to have updated information about the activities in your account.
- Review the passbook after every update for accuracy. If you have a doubt or query about any transaction, get it resolved immediately by reporting it to the bank.
- Keep the passbook safe as it is an essential document to track your financial history and account balance.
What Are The Details Mentioned In The DCB Passbook?
A manual passbook serves as an Identity proof as it will have the complete details of the account holder. The first page of the passbook will have the basic details of the account holder and the important details of the bank. They are
- Account holder’s name and address
- Account Type
- Account Number
- Mobile Number
- Customer ID
- Date of Birth of the account holder
- Nominee details
- Name of the Bank and branch
- Address of the branch
- IFSC Code of the branch
- Contact details of the branch
The subsequent pages of the manual passbook and the m passbook will have the transaction details that comprise
- Date of the transaction
- Debit Entries (withdrawals)
- Credit Entries (Deposits)
- Sender/Receiver details
- Transaction reference
- Transaction Amount
- Mode of transfer
- In the case of EMIs to loan accounts, the loan account number
What are the Benefits of DCB Passbook?
DCB Passbook besides being a ready reckoner of all the activities in your account provides other benefits too.
- Passbooks offer a tangible and easy-to-read record of all your account transactions, providing a hassle-free way to keep track of your financial activities.
- With a passbook, you can access your account details whenever you need them, without relying on internet connectivity or digital devices.
- Passbooks are updated by bank officials, ensuring accurate and verified information, making them reliable proof of your financial history.
- They eliminate the need for standing in long queues at the bank to update transaction details, saving you time and effort.
- By reviewing your passbook regularly, you gain insight into your spending patterns, helping you make informed decisions for better financial planning.
- Passbooks serve as valuable documentation for financial audits, tax filings, or any other official purposes that require transaction proof.
- They are ideal for individuals who might not be familiar with digital banking or have limited access to online facilities.
- Having a passbook allows you to have peace of mind, knowing that your financial transactions are securely recorded and readily available for your reference.
Having access to DCB Passbook Statement provides additional benefits as mentioned below:
- You will have ready access to your account details. You need not visit a branch or an ATM to gather information about the activities in your account.
- If you have multiple accounts, you can view the transaction details of all the accounts instantly by selecting the account number.
- The transactions are updated automatically which will give you real-time information about your account details and balances.
