Income Tax Filing for AY 2024-25 is now open. File early for quicker refunds. Start Now eFile now

What is a deposit slip?

The deposit slip is a small piece of paper the bank customer fills when putting the money into his account. Deposit slips contain the name, date of depositing money, account details, and the amount to be deposited.

Why is a deposit slip important?

Deposit slips are useful for both the bank and the bank customer. Banks use these deposit slips to track money coming in throughout the day and ensure that deposits are not missing at the end of the day. 

The Deposit slip is like a receipt to the bank customer that the bank accepted the money and deposited it into the correct account. Later on, if the customer comes upon a contradiction between the amount he deposited and his account balance, the deposit slip is evidence that the bank received the money from the customer