When you open a bank account with any of the banks that are running their operations you will come across the term statement several times. This term is used when you are asking the bank for the transaction details of your bank account.
Well, there is a difference between the bank account statement and the mini statement.
Account-holders usually get confused between these two things. So let me explain to you the difference between these two.
The situations in which both these statements are used are different. So let us discuss when the account statement is used and when the mini statement is used.
When is Account Statement Used?
If you want to get the details of the transactions that took place in your bank account for a specific period of time. (1 month, 3 months, 6 months, etc.)
This will contain the debit and credit transactions that happened in your bank account for the selected period of time.
If you want to get the account statement for your bank account. Then you can visit your home branch to get it. And in case you want to get it online then you can use internet banking and mobile banking application. With the help of internet banking, you can download your account statement.
This is used in the following circumstances,
- You want details of the transactions that happened in your account for a long period of time.
- When you want to use your account statement as your income proof.
- And also when you want to use your account statement as address proof.
These are the 3 major situations when someone requests the bank account statement.
When is Mini Statement Used?
As I have already mentioned the mini statement is the compressed version of your bank account statement. This will contain the details of only the last 5 transactions that took place in your bank account.
The differences between both the type of statements are mentioned below.
- The mini statement contains details of the last 5 transactions only.
- You can not use this statement as your income proof.
- Your address will not be printed on this statement.
How to Get a Mini Statement?
There are multiple methods that can be followed by you to get this statement or your bank account. I have explained all the methods below.
Using ATM Machine
By Giving Missed Call
By Sending SMS
If you want to know the missed call number and the SMS keyword of your bank to get the mini statement. Then select the name of your bank below. If your bank’s name is not mentioned below then you can get the details from the official website of your bank.