Why is it better to issue a passbook to a savings bank account holder

Saving Bank accounts meant for saving purpose or to do the personal transaction through this account. The Bank provides interest on the sum kept in saving account. Further in Saving account we need to keep a minimum balance except in few variant of saving account. We do very few transactions in saving account and to keep the records ,Bank issue a Passbook to saving Bank account holder.

After the digitalization of Banking services and launching of UPI  and payment apps, most of the transactions are being done using these apps and the number of transactions have been increased.

The Banks are providing digital passbook that can be used through mobile banking app of the concerned bank.

In the other hand, the current accounts holders are being issued with Statement. Since the current account is meant for business transaction , the number of transactions are more. Monthly statement is being issued at free of cost in current account.