Do you want to close your existing bank account and trying to write a bank account closing letter to your Bank? In this article, I will share an explained way to do the same.
When you want to open an account in any bank, all systems and procedures are so comfortable and available online. But, at the time of closing the account in any circumstance, the process will be complicated.
Sometimes securely closing the bank account is not an easy task for all because most people are not much familiar with banking procedures. And every Bank doesn’t provide bank account closing application form and format.
Banks want an account holder to come to the Bank and apply personally to close the account. And it’s not easy; banks don’t want to lose its valuable customers and try to stay the account holders.
And I must say without any fundamental reason, doesn’t close your old bank account. Nowadays, banking is so easy, and you can operate your account from anywhere.
Your bank account is a valuable asset and a reliable document that shows your credit value. But if you want to close your account for any reason, I will help you.
So, I will mention every step to close your bank account, including sample application letter, addressee, and balance amount withdrawal process, to get rid of any difficulties.
Some essential tips to consider before closing the bank account-
All payments and outstanding is completed
Make sure all cheque payments are cleared, and no outstandings are pending in the statement.
Withdraw or transfer the balance amount
After that, you need to clear the account balance by online or personally visit the Bank and withdraw the amount.
Download Statements or Transactions
You can also download the statements or transactions for the future because you can’t get it once your account is closed.
Be Direct, But Polite
And also, be calm; because bank employees may not entertain you for the closing account and create some difficulties, please be patient.
If you follow these steps before closing your bank account, your process will be fast and secure.
Now, let’s see the bank account closed application letter format-
To use this application form, you need to fill your appropriate information in the [-] and recheck carefully; all your information is correct.
Bank Account Closing Letter to Close Account Permanently
Application Format for Closing Bank Savings or Current Account-
The Branch Manager,
[Your Bank’s Name]
[Your Bank’s Branch Address]
Subject: Application to close Savings/Current Bank Account
I am [Your Name], an account holder in your respected Bank. Some unavoidable circumstances, I wish to close my saving/current account.
My saving/current account no. is [Your Account No.], and my debit card no. is [Your Debit Card No.]. I also attached my checkbook, debit card, and self-attested identity proof copy along with this application.
So, I request you to please close my account as soon as possible.
[Your Full Name & Address]
You can submit the application by hand or by email. And if you can’t be able to visit the Bank, you can send your spouse or other relatives to submit the form.
To submit an application through others, you required an authorization letter and got it from the Bank.
You can also approach the Bank to get a printed application form if they provide and follow the Bank’s instructions.
Here you can download some bank account closure form in pdf format-
To download theses closure forms, you need to click the appropriate Bank’s link, and a new window will open in pdf format. You will see a download icon on the top right corner, click on the link, and download will start soon.
Standard Chartered Bank – download the closure form in pdf format from here
SBI – download the closure form in pdf format from here
ICICI Bank – download the closure form in pdf format from here
Axis Bank – download the closure form in pdf format from here
Bank of India – download the closure form in pdf format from here
HDFC Bank – download the closure form in pdf format from here
Canara Bank – download the closure form in pdf format from here
Union Bank of India – download the closure form in pdf format from here
Corporation Bank – download the closure form in pdf format from here
Indian Bank – download the closure form in pdf format from here
IOB Bank – download the closure form in pdf format from here
IndusInd Bank – download the closure form in pdf format from here
Andhra Bank – download the closure form in pdf format from here
Punjab National Bank – download the closure form in pdf format from here
UCO Bank – download the closure form in pdf format from here
Yes Bank – download the closure form in pdf format from here
Some Other Ways to Close Your Bank Account
There are some other ways available to close your bank account. All banks have a website, apps, and 24/7 customer care to give banking services. You can use it if you don’t want to use the above methods.
Place an Online Request
Some banks allow you to use their online platform to transfer all your funds and apply them to close the account. To do this, you need to visit the bank website and log in to your account. You can find a “Close Account” tab (if available), click on it, and follow the instruction.
Call on Customer Care Service
Another way to close your account, you can call on Bank’s customer care toll-free no. and consult about the account closing procedure.
I list here all Bank’s customer care no. you can use it-
|ICICI Bank Toll-Free Number-||1800-102-4242|
|State Bank of India Toll-Free Customer care Number-||1800-425-3800|
|HDFC Bank Toll-Free Customer care Number-||1800-227-227|
|Axis Bank Customer Care Number-||1800-419-5959|
|Andhra Bank Toll-Free Customer care Number-||1800-425-1515|
|Allahabad Bank Toll-Free Customer care Number-||1800-226-061|
|Bank of Baroda (BOB) Toll-Free Customer care Number-||1800-102-4455|
|IDBI Bank Toll-Free Customer care Number-||1800-200-1947|
|Corporation Bank Toll-Free Customer care Number-||1800-445-3555|
|Punjab and Sind Bank Toll-Free Customer care Number-||1800-419-8300|
|Oriental Bank of Commerce Toll-Free Customer care Number-||1800-180-1235|
|YES Bank Toll-Free Customer care Number-||18002000|
|Bandhan Bank Customer care Toll-Free Customer care Number-||08002588181|
|Kotak Mahindra Bank Toll-Free Customer care Number-||1800-102-6022|
|CITI Bank Toll-Free Customer care Number-||1800-44-2265|
|Dhanlaxmi Bank Toll-Free Customer care Number-||1800-425-1747|
|Karnataka Bank Toll-Free Customer care Number-||1800-425-1444|
|Karur Vysya Bank Toll-Free Customer care Number-||1860-200-1916|
|Federal Bank Toll-Free Customer care Number-||1800-420-1199|
|South Indian Bank (SIB) Toll-Free Customer care Number-||1800-843-1800|
|Saraswat Bank Toll-Free Customer care Number-||1800-22-9999|
|Syndicate Bank Toll-Free Customer care Number-||1800-425-5784|
|Punjab National Bank (PNB) Toll-Free Customer care Number-||1800-122-222|
|Bank of India (BOI) Toll-Free Customer care Number-||1800-22-0229|
|Indian Overseas Bank Toll-Free Number-||1800-425-4445|
|Vijaya Bank Toll-Free Customer care Number-||1800-425-5885|
|Central Bank of India Toll-Free Customer care Number-||1800-200-1911|
|Canara Bank Toll-Free Customer care Number-||1800-425-0018|
|Indian Bank Toll-Free Number-||1800-4250-0000|
|Union Bank of India Toll-Free Customer care Number-||1800222244|
|UCO Bank Toll-Free Customer care Number-||1800-103-0123|
How to Close Your Bank Account Properly?
If you want to close your bank account permanently, follow these steps carefully-
First, withdraw or transfer your account balance amount by net banking or by visiting the branch.
After transfer the amount, you need to write an application to the branch manager or ask for an account closure form if available.
Fill the complete details in the form (if available) and prepare your application, checkbook, passbook, debit card, and Id proof copy to submit if they ask.
You can also download the statement of transactions for future references.
And the last step submits the account closing application to the Bank and waits for the reply from the Bank.
How much time consumes to close a bank account?
When you submit the application and the related documents, the process will take a minimum of 3 to 5 working days. However, once your account is closed, Bank informs you on your registered mobile no. and email.
Is there a charge to close a bank account?
Account closure charges depend on bank policy and account type, account status, and in some cases, the reason for a closing bank account. Generally, current account closure charges are between Rs.500 to Rs. 1000 to recover account opening kit, debit card, and checkbook expenses, etc.
Can we close the bank account online?
In many cases, you need to visit the branch of your Bank is must to properly close your bank account. But you can check your Bank’s website if there online account closing option is available.
What happens if you close a bank account?
Every Bank doesn’t want to lose its customers, so they offer to customize facilities or perks and insist you continue. Belong this if you still close your account, banks wish to clear all transactions and outstanding before processing the account closure application.
Is it necessary to close the bank account?
Yes, of course, your bank account is the sensitive asset, and if you do not need an account, definitely closes it. The major problem is an inactive account can be used by fraudsters and misuse it.
And also Bank may deduct minimum balance charges, SMS charges, and other service charges periodically.
Now, Banking is more comfortable compare to before, because of the online facilities. But sometimes a handwritten letter is required. And most of the persons are not pleased to write an English application, and they need some format to write.
I suggest, please consult the Bank first if you want to close your bank account. If they guide you, please follow the steps as they tell.