What is a Savings Book?

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When an individual deposits savings at the bank, a savings passbook will be issued. According to the provisions of the law, how is the savings passbook understood? Please provide advice.

Pursuant to Clause 1, Article 7 of Circular 48/2018/TT-NHNN, it is stipulated:

The savings card or passbook (hereinafter collectively referred to as the Savings Card) is a certificate confirming the ownership of savings deposits by the depositor at a credit institution. This is applied in cases where savings deposits are accepted at legitimate transaction locations within the network of operations of the credit institution.

Above is the definition of Savings Card or passbook according to legal provisions.

Sincerely!

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