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Bank statements are commonly required in various situations for financial documentation and verification purposes. Here are some common instances where you might be asked to provide a bank statement:
Loan Applications: When applying for personal loans, home loans, car loans, or any other type of credit, lenders often request bank statements to assess your financial stability and repayment capacity.
Accounting and Tax Purposes: Accountants may need your bank statements to reconcile transactions, prepare financial statements, and file taxes accurately.
Proof of Income: Bank statements can serve as proof of your income when you're self-employed or have irregular income sources.
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