Icici Bank Account Closing Form

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  • How to close icici bank current account Visit your branch to get the account closure form bank or download it from the bank’s website. Fill up the Account Closure Form of Bank. Attach your KYC Documents (your id proof (Pan card) & valid address proof).
  • Now a days there is a general concept of maintaining a minimum balance in your account so ICICI doesn't have an exception for thatusually in ICICI you have to.
  • 1- Visit any nearest ICICI branch and ask for Account Closure Form 2- Get the form filled and submit it along with cheque leaves, debit card and passbook to the bank officer 3- once all the details are verified, bank official will raise the request for Account Closure and will issue a DD of left over amount.

Are you writing an application for closing your bank account? Then read this article carefully as I will share the proper way to do the same. Moreover, I will share my personal experience of closing the bank account from abroad.

Closing our bank account properly is sometimes one of the biggest concerns for us, mainly if we are not profoundly knowledgeable about the finance and banking system. Often we are not sure about the addressee and essential points to include while writing an application for bank account closure. Moreover, banks do not want to lose their valuable customers and therefore try to keep the procedure fuggy.

The action to close your bank account frequently includes writing an official letter and hand it over, in person, to the branch manager in which you are a customer. In this article, we have mentioned the whole procedure of closing your bank account and also have provided sample application letters to ease out your difficulties.

There is no fee for opening a DP account with ICICI. However, a nominal fee will be levied towards services, as per our tariff. Form for Closure of Demat. If I can send an application via post to close my bank account with valid proof like cancelled check and id proof. And about penalty on inoperative account with 0 balance available. If all fails I will try to negotiate with bank to remove any penalty and keep the acc or I will have to think something else.

Points to Remember While Writing an Application for Closing Bank Account

  • Being an official document, your application letter should be concise and clear.
  • The subject heading could be Closure of savings bank account.
  • Mention your identity and bank account details without a miss.
  • The application is usually addressed to your bank branch manager.
  • You need to return your passbook, debit cards, checkbook, and any other belonging with your application letter.
  • You may need to furnish a photocopy of your identity card.
  • Check your account balance before applying for closure.
  • Bank may charge you a nominal fee for the procedure.

Check Also:How Did My Brother Close My Bank Account? I Didn’t Even Need To Visit The Bank.

Did you ever find a bank account closure form to download?

Please be sure that the bank does not want to get rid of their loyal client, like you. This is why when you can easily find an easy to download account opening form, there is no such kind of form usually available when it comes to closing it.

This is because they do not want to promote the procedure. Should you tell the bank staff about your wish to close your account, they will most often tell you to continue even without any balance in your account or may offer some lucrative interest rate especially for you.

However, if you are sure to suspend your account and you are not operating the account anymore. There is no need to hesitate and approach your bank with your bank account closure application. All you have to do is to take a piece of paper and write an application letter to the bank branch manager requesting to close your bank account.

Now, what exactly are you going to write there? Check our sample application letters as reference.

How to Close Your Bank Account Properly?

Your bank account is one of the most important assets and you should know to operate it properly. While closing your bank account, you can follow these steps.

Find your balance: This is the first and foremost step before closing your bank account. Do you have a significant balance in your account?

Transfer electronically or Withdraw manually: You can consider moving the money to a new account or withdrawing the money. Transferring electronically is the most hassle-free procedure and takes less than a day usually. However, in some circumstances, you may consider withdrawing it manually. This is a more traditional way of doing.

Close your account: After transferring all your money, you can now write an application letter to close your account. Don’t forget to ask for a written document from your bank.

Destroy Cards and Cheques: It is better to destroy your debit cards and cheques at this stage. This will further help your privacy protected. Often banks ask to return your debit cards and cheques along with your application letter. You can also follow the instructions mentioned in your customer awareness booklet.

Letter1: Sample Application to Close Your Bank Account

To,
The Branch Manager,
State Bank of India,
Rajarhat Kali Mandir Branch
Date: DD/MM/YY

Subject: Closure of Savings/ Current Bank Account (whichever is applicable)

Sir/Madam,
This is to ask you to kindly close my savings/ current account (Account number _______________, CIF NO. _____________, IFS Code ____________) with your lender under the name of Mr. Saikat Debnath, resident of 124 Topsia Road, Rajarhat, Kolkata 700076, which I have been holding in this branch since six years. I was unable to operate the account for a long time, and I regret my inability to continue with the same. This is also to inform you that I am returning my bank passbook, checkbook, debit card along with my application. As proof of my identity, I am enclosing a self-attested photocopy of my voter identity card.

I, therefore, request you to please initiate a bank transfer of my current balance of an amount of ________ to my another account. Details of that account are mentioned below.

Bank Name:
Account Number:
IFS Code:

Thanking you,
Your Signature

Mr. Saikat Debnath

Letter2: Application For Closing Bank Savings or Current Account

To,
The Branch Manager,
State Bank of India,
Rajarhat Kali Mandir Branch, Date: DD/MM/YY

Subject: Closure of Savings/ Current Bank Account

Sir/Madam,
I request you to kindly close my savings/ current bank account number ………………. as I am not in a position to operate the same because of unavoidable circumstances. I am also returning my passbook, checkbook, and debit card No. …………….., along with this application.

You are asked to please return my balance amount through a demand draft.

Thanking you,

Your Signature
Mr. Saikat Debnath

Letter3: Most Straightforward Bank Account Closing Letter Sample

To,
The Branch Manager,
State Bank of India,
Rajarhat Kali Mandir Branch, Date: DD/MM/YY

Subject: Closure of Savings/ Current Bank Account

Icici Bank Account Closing Form

Sir/Madam,
I the sole holder request you to close my account with you from the date of this application. The details of my account are given below.

Or

We the joint holder request you to close our account with you from the date of this application. The details of our account are given below.

Bank Name:
Account Number:
IFS Code:

Thanking you,
Your Signature
Mr. Saikat Debnath

We always encourage you to consult with your bank employees before proceeding. In some cases, the bank may provide you with a prescribed format, and you should follow the rules mentioned by the bank.

Different Bank’s Account Closure Forms

Note:

  • Some websites do not provide such application forms. In such cases, I have linked to their forms download page.
  • I found Demat Account Closing forms for some banks. You can use them as a reference.

Axis Bank Account Closure Form

If you are a customer of Axis bank and want to close your bank account then use the link below to download the account closure form.

How long does it take to close a bank account?

It depends on your agreement and country. In most cases, it takes around three working dates. However, it can extend as long as two weeks in some cases. Stop using your account and wait for the period. You should get the details of closing in your associated email and mobile number once the account is closed.

Can I close my bank account from abroad? My personal experience.

Yes! Indeed it is possible however, it may be difficult in some countries and not so difficult in others.

When I was working in Italy, I had to close one of my bank accounts in India due to insufficient maintenance of funds in my account. I tried to search on the internet but there was no good article available. Fortunately, my bank has a branch in Italy. I came up with an idea to write to the bank’s foreign customer care address. And they directed me to consult my home branch.

Below are the steps I followed to close my bank account while staying abroad.

Step 1: Write an email to the bank’s branch manager.

Step 2: He provided me a bank account closure application letter and an authorization letter.

Step 3: I filled up the application letter and authorize my elder brother to complete the process on my behalf.

Icici Nri Online Application

Step 4: I replied back to the bank manager and CCed my brother.

Step 5: My brother went to the bank to complete the process. He had to produce identity proof for the verification process.

With the advent of technology, some banks provide online facility to close bank account from anywhere. It is always advisable to consult your bank before taking any action. I found another article regarding the same topic.

Related Articles:

It is usually seen that if someone opens a bank account, he/ she rarely closes it & the account remains opened with the bank for a very long time. Now-a-days, as majority of banks have started operating through an Online Platform, there is hardly any need to close the bank account in normal situations.

Nevertheless, there could be multiple reasons to close a bank current account such as:

Icici Bank Account Closure Form Pdf

  • Unsatisfactory Customer Service
  • Bad Relationship with Bank Staff
  • Having Multiple Bank Accounts
  • Bank is not providing Online Services properly
  • Higher Fees & Charges on Financial Transactions

In order to close your current account, you may be interested to know how to close bank Current Account? It seems tedious but it's very easy to get your account closed, you just need to follow a few steps for the same.

Procedure to Close Icici Bank Limited Current Account

If you have a current account with bank and interested to know how to it then following are the steps will have to follow:

Form(1) Fill up the Account Closure Form of Bank

In order to close your bank account, the first step is to fill up an Account Closure Form. You can download it from bank's website or alternatively, you can visit your branch, get the account closure form and fill it up properly. After that you need to sign it and submit it to the branch manager/ officer-in-charge. Please note that if there is/ are any joint holder/s in your account, all need to sign the account closure form.

(2) Attach your KYC DocumentsClosing

All the holders of the account need to attach a copy of KYC documents i.e. a copy of PAN, which also serves as your proof of identity and a proof of address to the account closure form. The account holders may also be asked to self attest these documents.

(3) Surrender Balance Cheque Leaves and Passbook

You need to surrender your Balance Cheque Leaves, if any and the Passbook. Your account closure application is taken for processing only after you have surrendered all these items.

(4) Withdraw the Balance Amount in your Bank Account

The banker verifies the documents submitted by you and if he/ she finds all the things are correct then you are asked to withdraw the balance amount in your account. You may either take cash withdrawal or the bank issues a cheque/ DD in your favour or the amount can be transferred to another account.

If you follow above steps, you would be able to close your bank account in a hassle free manner. Banks generally send an email or SMS on your registered email id and mobile after your account is closed.

Important Points regarding Closing of Icici Bank Limited Current Account Current Account

  • For closing your account, you need to visit that branch of the bank where you had opened the account.
  • One should close the account only if he/ she really doesn't need it in future, as banks generally don't allow to re-open a closed account.
  • One must save a soft copy or take a printout of full bank statement (since inception till closing of account) for the purpose of any future reference.
  • Cancel your automated payment instructions before closing your Current Account.
  • One must clear all his/ her pending dues or charges before closing the account.

More Operations of Current Account

Icici Bank Current Account Document Required
How to Open Current Account in Icici Bank
How to Close Current Account in Icici Bank
How to Transfer Current Account in Icici Bank
Current Account Address Change in Icici Bank
Current Account Signature Change in Icici Bank