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Q.

Why are bank statements needed? How to get it?

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0 2023-06-13T15:15:20+00:00

Hey,

Bank statements are essential financial documents that provide a detailed record of a person's or a company's financial transactions within a specific period. They are needed for various purposes, including verifying income, assessing financial health, tracking expenses, applying for loans, and preparing tax returns. To obtain a bank statement, individuals can typically access them through their online banking portals or request them from their bank. Online banking allows users to download electronic copies of their statements, while physical copies can be obtained by visiting a bank branch or requesting them through customer service. Regularly reviewing bank statements helps in managing finances effectively and ensuring accuracy in financial records.

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