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Benefits of Passbook printer in Banks

EPBP is a one-stop-shop solution for managing the printing of customer-controlled notebooks. This solution is designed to work only with the bank’s existing savings books.

No need to invest in new notebooks. The passbook is encoded with a barcode or magnetic stripe or card that contains the required identification details of the passbook.

Customer Convenience: Provides a quick, easy, and convenient way to keep your passbook “up to date” without queuing or engaging branch staff.

Branch Staff AssistancePassbook printer supplier in India offer quality printers.  PBP-Advance easily integrates with financial institutions’ transaction systems, and its robust design makes it ideal for 24-hour access locations.

 Advantage of the printer in the Bank – passbook printer supplier in India

        Full passbook printing automation at the branch level.

        Provides a comprehensive MIS report.

        Efficient use of small footprints and branch office space.

Benefits for banking customers:

        Easy to use and interactive.

        Avoid manual notebook printing procedures.

        SSK24 x7 for notebook printing.

        There are no frustrating cues or human interactions.

        High-speed automatic processing.

        Reduced waiting time.

Other benefits:

        Automate and securely update your PBP passbook.

        Equipped with a barcode scanner for automatic data capture, magnetic stripe, and card swipe. Optional remote management software.

        Complement your ATM services with online support, almost anywhere.

        Improve customer satisfaction and brand equity.

        It is a dedicated machine that only inserts a notebook with the cover open, which is very convenient for customers of all levels.

        The machine will automatically turn and align the pages and print to the appropriate page/location.

        Notebooks used in SSPBP are based on magnetic stripes. It contains a pre-printed number that is already stored on the savings book’s magnetic stripe and is mapped to the customer’s account.

        Notebook pages are made with greyscale stripes for readability.

        A simple and convenient process for clients.

        No manual intervention or support from branch staff is required.

        Services are available for the full day, 7 days a week (electronic lobby and ATM booth).

You can also enhance the customer experience by adding value without accessing the branch for subsequent passbook issuance, such as self-rerouting passbooks in SSPBP (by the customer).

In other words, a passbook is a paper book that collects all the movements that occur in a particular bank account. This pamphlet’s function is to record the inflows and outflows of capital in a particular bank account associated with the book. The bank issues passbooks at the request of the customer and when opening a bank account.

Customers need to go to their bank to update the movements and make sure they are recorded and reflected in the book. When you introduce savings books to an ATM, all movements in your account are recorded.

With the advent of FinTech and mobile banking, savings books are no longer used. These have been replaced by applications that allow consultation on various operations performed on bank accounts. All this without going to the bank. By the way, an application developed by a bank.

 Depending on the bank that issues it, the savings books offer different functions.

Among the things it offers, the following stand out:

• Withdraw cash at ATMs or branches.

• Deposit cash at an ATM or branch office.

• Check the movement.

• Access your bank account at an ATM.

The passbooks were manuscripts of notes on capital transfers made by money changers and banking agents. They used this tool to hold accounts and control movements. These manuscripts are the predecessors of the system, which is almost the same as the passbook.

In this way, the passbook was born. Banks and banking entities initially delivered the book to their customers. The customer had to open a bank account. Thanks to this book, clients were able to withdraw and deposit cash at bank ATMs and examine all movements. Along with the passbook, the bank issued a PIN. PIN used it to access passbooks and make their withdrawals or inflows of capital.

Difference between account confirmation and savings deposit

It may seem that is not the case, but society tends to confuse these banking products. Banks previously offered these notebooks only to those who opened deposit and savings accounts. With this account, the bank gave the client a book, a card to control his movements.

In this sense, banks only gave cards and books to those who opened savings accounts. For check accounts, the bank has issued a check to the owner.

However, over time, banks began distributing notebooks to all clients and savings accounts that opened check accounts on the entity. Banks have given all customers a booklet to control their movements, whether it is a deposit or a checking account. On the other hand, the system that had been adopted so far will be abandoned.

Pranesh Balaji
Pranesh Balaji Is a Blogger and an SEO professional. Co-founder of Bigmixseo, I have 2 years of experience in SEO & 1 year of Successful blogging @ pantheonuk.org. I have a passion for SEO & Blogging, Affiliate marketing, & to invest in high trading stocks. " Sucess is the ability to go from one failure to another with no loss of Enthusiasm "