"It has come to our notice that some banks are not issuing pass books to their savings banks account holders (individuals) and only issue a computer generated account statement even when the customer desires pass book facility.
"Banks are, therefore, advised to strictly adhere to the instructions...," the Reserve Bank of India (RBI) said in a notification.
In case banks offer the facility of sending statement of account and the customer chooses it, banks must issue that on monthly basis.
All banks must issue savings account pass book - Readability
Another directive?
RBI asks banks not to honor cheques beyond 3 mths
"Banks are, therefore, advised to strictly adhere to the instructions...," the Reserve Bank of India (RBI) said in a notification.
In case banks offer the facility of sending statement of account and the customer chooses it, banks must issue that on monthly basis.
All banks must issue savings account pass book - Readability
Another directive?
RBI asks banks not to honor cheques beyond 3 mths