Friday , 24 October 2014
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How to close a bank account

Closing of Bank accounts may some times be required for various reasons. And in case if you are in need to close your account in any Bank in India (say SBI, ICICI etc), here is the process for ‘How to close a bank account?‘. You need to write a formal letter in person and hand it over to the Manager of the Branch at which your account exists.

No such downloadable forms exist in this case as in case of opening an account. Just take a white paper and start writing your letter;

To,

Manager                                                                                         Date:

Address of the bank/branch.

Sir,

Subject: Closure of Bank account

Describe here the reason for closure of your account (Savings/current) and give the account details such as name of the account holder(s), contact number, if required and how long ago was that account opened. Also mention that you are handing over the Cheque book and Debit card (if applicable) back to the bank.

Thanking you,

Yours truely,

Name of the Account holder(s)

Signature(s)

Note: If you have any money in the account which you are about to close, it is advised to transfer them to another existing and working account before hand. Even though you can ask the bank to make a DD in favour of you/your company with the remaining amount while closing the account, why not make it easy for them?

Along with this letter, some banks may require you to fill a separate form when you visit the bank to close the account.

This is the process to follow to close a savings account which you have opened via your Internet Banking too.

In case you want to close a Fixed or Term deposit account which you have opened physically at bank, you just need to visit the bank, get the appropriate mandate form and close the account.

Or, if you want to close a FD which you opened online, you can do it right from where you have opened it; that is from Internet Banking.

19 comments

  1. I want to all type letter format required

  2. Sir,
    I want to quit my saving bank account in SBI, due to bad service reasons. Please sent the form
    for account closure.

    Thank You

  3. HI,
    My father in law is no more and my mother in law wants to close the SBI account and withdraw the money.

    What is the procedure.
    please guide.

  4. I want to close my SBI a/c. Please send me account closing form to my e-mail.

  5. sir please tell me how to close my bank of India.

  6. i want close my SBI a/c . Please send me account closing form to my e-mail ID

  7. send me in my e-mail id sbi savings bank closure form immediately. reason for bad service & reply.

  8. how to close my sbh account due to bad service

  9. sir please tell me how to close bank account. I also have Current account Rural semiu in Syndicate bank coimbatore branch

  10. reason is bad services

  11. How to close savings bank
    account in sbi ? Send me account
    closing form to my email id
    Thanks

  12. I want the close my account because my account is fixed account. In my account is requirement everytime 2500 Rupees . It is not possible for me because i am student. I have not more monay.
    You have any solution of my problem. Please send me some . I want convert in Zero balance it is possible. Please send me massage my Phone(9911120760) and My Id

    Thanks,

    MOhan Lal

  13. I want to close my axis bank account please tell me..

  14. Is there any account closure charges?

  15. sir please tell me how to close bank account. I also have SB account in SBI gorakhpur branch

  16. How to close savings bank account? Send me account closing form to my email id

    Thanks

  17. I have a easy savings a/c in axis bank. Pllease send me account closing form to close this account

  18. sir please tell me how to close my sbi state bank account. I dont want to use this account now

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