Easy Procedure to follow to Close a Bank Account in India

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– You'll need to visit the home branch or the nearest branch to obtain the Account Closure Form.

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– Ask bank representative to give the account closure form or you can obtain the same from their website. If it’s a joint account, then all account holders must give their consent by signing the account closure form.

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– Fill the account closure form with details like :  * Account Holder's Name / Joint Holders Name  * Account Number  * Contact Details  * Reason to close the bank account  * Signature

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– Conventionally, banks will ask you to return the unused cheque books, debit cards, passbook and ID proof. You'll have to give up all these with the account closure form. In some circumstances, the bank may additionally ask you to destroy these paperwork by your self.

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– It has been observed that almost all banks levy an account closure charge for those who close it within a year from opening.

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As soon as all documents are submitted, the financial institution will verify for any pending costs related to the account. It's advisable to keep the copy of bank account statement, which signifies the closure. So its worth going through that extra effort to close the bank account.

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