What to Do With Your Old Passbooks?

When your passbook is fully used up, show it to the bank when applying for a new passbook.

Keep this old passbook safely for 3 months and then dispose of it properly.

Pro tip:

Disposing old financial records and other sensitive documents should be done carefully and properly, so that others do not misuse them. Some ways of disposing them properly are given here:

Tearing them into small pieces before throwing them away
Burning them
Soaking them in water until the ink dissolves

Points to remember

Here are some key takeaways from this section that you should remember.

A passbook is a notebook that the bank gives when we open a bank account
It keeps a record of all our bank a/c transactions
If the passbook is lost or damaged, we can get a new one from the bank for a small charge
If the passbook is completely used up, show it to the bank and they will issue a new one
Keep the old passbook for 3 months and then discard it properly
Keep your passbook up-to-date
Don’t share your passbook with others

To track your progress

What to Do With Your Old Passbooks?

Pro tip:

Points to remember

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