Overview
Keeping track of your finances starts with understanding your income and expenses. An account statement is one of the most reliable tools for this. It captures every credit and debit in your account over a selected period, making it important for budgeting, tax filing, Credit Card, Loan or visa applications, and general financial planning. Here is what an account statement is and how you can get yours on the HDFC Bank App.
What is an Account Statement
An account statement is an official record of all transactions in your bank account, including payments, credits, and remaining balance within a specific date range.
What it Includes:
| Detail | Description |
|---|---|
| Transaction Date | The date on which the transaction took place |
| Description | Merchant name, transfer reference, transaction type |
| Transaction Nature | Amount debited from or credited to your account |
| Closing Balance | Account balance after each transaction |