CA Student
891 Points
Joined August 2009
On the basis of Purpose:
Both are same as both serve same purpose i.e. tracking transactions done in account
On the basis of issuer:
Passbook (book format) is mainly issued by government owned or public sector nationalised (like OBC,Vijaya Bank, canara bank,etc) banks whereas the bank statement which is in paper format generally sent by Private banks
On the basis of Updation:
For transaction updation, you need to go personnaly to get updation of transaction till that date whereas the Bank statement which is periodaclly (monthly) sent is the detail transaction for a particular month for which it pertains to.
Tried to incorporate new point
hope now cleared