A passbook or bank can be defined as a savings account.
It is held by a bank to an individual. Deposits of money are paid either by the state for the booklet booklets regulated as A, or else by the bank itself to other books that are not subject to regulation.
The main difference between the regulated books and booklets are unregulated interest payments. The booklets
not regulate are not taxable but unlike other rate under the tutelage of the state are often lower.
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