There are two types of savings account:Passbook account: Passbook account are not common now a days. But also customers choose passbook account . They will choose it till that time where the charge will be taken by modern technology. Passbook account is a bank book where all our transactions are recorded manually .But now a days ,many banks don't offer this service.
Statement accounts: Statement account gives us a facility of monthly or quarterly statement of all transactions activity which should be recorded using online activity or paper.
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