Imagine this: someone’s been taking your money—little by little—and you didn’t even notice. That’s not fiction; it could be your bank charges, auto-debits, or even fraud.
Your bank statement isn’t just a summary of transactions—it’s a story. And like a good detective, you need to read between the lines.
With Vizzve Finance, we help you decode your bank statement to spot errors, save money, and stay financially alert.
🔍 Why Reading Your Statement Matters
Identify suspicious transactions or fraud
Catch unnecessary charges or hidden fees
Understand your spending behavior
Avoid bounced payments or penalties
Spot unused subscriptions
💡 Vizzve Tip: Make it a monthly habit—just 10 minutes can save thousands.
🧾 What to Look For in Your Bank Statement
✅ 1. Unusual Transactions
Charges you don’t recognize
Very small debits (₹1–₹10)—common in test frauds
If you don’t recall it, investigate or report it to your bank immediately.
✅ 2. Recurring Payments & Auto-Debits
Netflix, Spotify, insurance premiums, EMIs
Are you still using them? If not, cancel or pause.
✅ 3. Bank Charges
SMS fees, minimum balance penalties, cash withdrawal charges
Ask your bank: Can they be waived? Is there a better account option?
✅ 4. UPI or Wallet Top-Ups
Often scattered across days and apps
Helps you understand how much you’re actually spending digitally.
✅ 5. Refunds You Didn’t Receive
Returned items on Amazon, IRCTC, Myntra not showing?
Cross-check dates—if it's delayed, escalate with support.
✅ 6. Salary/Income Credit
Is the full amount credited?
Check for unexpected TDS or processing fees
🔍 Vizzve Insight: Many gig workers miss noticing platform fees or reduced payouts—your statement tells the full story.
🧠 Bonus: Pattern Tracking with Vizzve
Track overspending categories: Food delivery, cabs, shopping
Detect poor financial habits: Frequent ATM withdrawals, unnecessary subscriptions
Identify gaps: No emergency fund contribution this month? Time to fix that.
🚨 Signs of Fraud or Identity Theft
Multiple micro-debits
OTPs you didn’t initiate
Unknown merchant codes or locations
Transactions at odd hours (midnight/early morning)
Act Fast:
Call your bank immediately
Freeze your card/account if needed
File a cybercrime complaint if necessary
💸 How to Read a Statement Smartly
Sort debits and credits
Highlight unknown charges
Match it with your monthly budget
Set alerts or Excel tags for fixed expenses
✅ Final Takeaway
Your bank statement is a goldmine of insights—and a potential red flag report.
Don’t treat it as just a formality.
Treat it like evidence.
Like a detective.
Because the best money-saver is not earning more—it's knowing where your money really goes.
FAQs – Vizzve Finance Explains
Q1. How often should I check my bank statement?
Once a month is ideal. Weekly checks for high-activity accounts.
Q2. What if I find a fraudulent charge?
Inform your bank immediately and report to the cybercrime portal: https://cybercrime.gov.in
Q3. Can I automate this checking process?
Yes! Use budgeting apps like Walnut, INDmoney, or consult Vizzve's budgeting support.
Published on : 11th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.