A passbook is needed to control the movement of funds in the account. It can be presented in court in litigation related to incorrect accrual of interest, inheritance and other cases. This document gives you the right to transfer your money to third parties.
A savings book is a financial document with which you can control the movement of funds in your deposit account. As a rule, holders use a passbook for reconciliation in cases when they work in organizations with a non-cash transfer of salaries or for accounting for interest.
In addition, the passbook can be presented as material evidence in case of deliberate withdrawal of funds from the depositor's account by third parties. The government of the Russian Federation at the legislative level obliged banks to certify with a savings book that a citizen has deposited money into his account, unless otherwise provided by agreement of the parties. In this case, a citizen can receive both a registered savings book and a bearer book. The second option will be a security.
Information stored in a passbook
This document contains the actual address of the financial institution and its name. If the deposit was made to a branch, then the data of the branch, as well as the type of deposit and the account number of the deposit. With the help of a passbook, you can get all the information about the amount of money ever written off or credited on the deposit, and these operations take into account the capitalization of interest. A citizen, presenting a passbook, can find out the balance of his funds - it is withdrawn after each deposit operation and entered into the document upon presentation.
What is fraught with the absence of a savings book, which was not negotiated with the bank in advance
At the time of signing the agreement by both parties, a citizen needs to focus on accepting a deposit without issuing a savings book, because if its absence was not agreed in advance, the depositor may face a number of problems. In particular, if the interest is incorrectly transferred to him or he loses the agreement on the bank deposit, the bank may refuse him in administrative proceedings. The depositor may not accept a lawsuit related to inheritance. He may even lose his contribution or interest in the absence of this document.
In the event of a situation related to the occurrence of an insured event, the depositor may not receive the prescribed interest in excess of the amounts that are compensated by the Deposit Insurance Agency. The depositor will be forced to file a claim in court in order to be reimbursed the balance of the deposit and interest in excess of the previously paid insurance compensation. You can also transfer money from your account to other persons only upon presentation of a savings book.
