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Posted By Admin on 2020-05-11 3:52 AM

Description

Bank account and the money you have in your bank account. Don't they sound as synonyms? Yes, they actually do. When we look into the meaning of these two terms they are totally different.

The bank account is an instrument where you can deposit your money, keep it safe, and earn interest on it. And when we talk about the bank account balance, it is about the amount of money which you have deposited into your bank account.

But then why does it sounds like the same meaning word?

That is all because of the way our mind perceives it. Our mind connects the term bank account with the money and that is the reason for this strange phenomenon. 

Whenever the matter of bank account comes it is about what amount of balance we have in there. And the banks let us check our bank account balance by following multiple methods. 

You can check your bank account balance using your ATM card, Smartphone, Computer, and also the bank passbook. The steps that are involved in checking the balance using these methods are different. But ultimately you are going to see some number which makes your bank account balance.

Today we will be discussing a method by which you can check your bank account balance. When you follow the steps which are mentioned in this article you will find your bank account balance.

To be more precise you will not only be getting to know the balance but also the details of your last 5 transactions. These transactions can be debit transactions or credit transactions that do not matter.

What am I talking about here?

I am talking about the mini statement of your Canara Bank account. Today we will learn everything we need to know about the mini statement.

What is Mini Statement?

Mini Statement is one of the statements which the bank provides about your account's last 5 transactions. This means if you request the mini statement from your bank today. Then you will find the transactions which took place in your bank account for the last 5 times you had used it.

Are Mini Statement and Account Statement Same?

These is one of the common confusion people have in their minds. They think that the bank account statement and the mini statements are one and the same.

But no they are not one and the same. 

The account statement consists of all the transactions that took place in your bank account for a fixed period of time. Let us say that you have requested your bank to provide you the bank account statement for the last 6 months.

Then you will get details about all the credit and debit transactions that took place in your bank account for there period of last 6 months.

And when we talk about the mini statement it is framed with the last 5 transactions that took place in your bank account. We can say that the mini statement is a compressed version of the bank account statement. But they are never one and the same.

Can Mini Statement be Used as Income Proof?

One of the most common reasons why people request a bank account statement from the bank is that it acts as an income proof. If you are planning to apply for a new credit card or a loan. Then the lender company of the bank will ask for your bank account statement for at least the last 6 months.

They just want to make sure that you are earning regularly so that their loans and credits don't end up turning into bad debts.

But the question here is can you use the mini statement as the income proof?

The answer to this question is no. You can not use your Canara Bank Account's Mini Statement as your income proof. And if you want to get something that acts as your income proof then you should go for the bank account statement and not the mini statement. 

How Can You Get Your Canara Bank Mini Statement?

There are 2 methods that you can follow to get your Canara Bank Mini Statement. All three have been mentioned in this article below. The first method will require you to have your registered mobile number with you and the last method will require your ATM Card.

Method 1: Mini Statement by Missed Call

In this method, you have to give a missed call to a phone number which is given by the Canara Bank. You can disconnect the call once after one ring. If not the call will be automatically disconnected after a few rings.

And as soon as the call is disconnected you will get an SMS from the bank with your mini statement. To follow this method all you have to do is give a missed call to 09015734734.

Method 2: Mini Statement by using ATM Machine

This feature of the mini statement was first introduced in the ATM Machines. Later this system was integrated with the SMS banking services.

So we can say that this is the traditional method to get your Canara Bank Mini Statement. To follow this method you personally have to visit any ATM machine in your area.

Just insert your ATM card into the machine, punch in your PIN Number and Select the Mini Statement Option.

When you do this you will get a printed receipt which is nothing but your mini statement. 

Things to Remember

• If you wish to get your Canara Bank Mini Statement by Giving Missed Call. Then you have to use the registered mobile number itself.
• The bank will not charge you anything extra if you request the mini statement by missed call.
• Missed call banking services will be activated on your bank account by default. So there is no need for separate activation of this service.
• You can use the ATM machine owned and operated by any bank. But you should make sure that you have not exceeded your allowed number of ATM Machine usage in that particular month. If you have exceeded then the bank will charge you for using the ATM machine to get the mini statement.