Icici Bank Account Closing Form

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.

ICICI Bank has fixed deposit accounts with attractive interest rates and flexible repayment tenures that range from 7 days to 10 years. Opening or closing an FD account with ICICI Bank is easy and hassle-free. Ways to close an ICICI FD Account. You can close your ICICI FD account in three ways: Online on the official website of ICICI.
Step- 8 Now you have to go to branch and get a account closure form and fill your name, account number, reason to close your account and your signature in 5 to 6 places. They will close your close your account and give you an acknowledgment of account closure receipt and finally your account will be permanently closed within 24 hrs.

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.

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. Axis Bank Account Closure Form How long does it take to close a bank account? By filling up a cancellation form: ICICI Bank credit cardholders who want to cancel or close their credit cards can download a cancellation form from www.infinity.icicibank.co.in.

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.

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

Icici Bank Current Account Closing Form

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

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.

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.

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:

Do you want to close your Icici bank account? Then you can follow this guide” how to close Icici bank account”?

Icici bank is the second-largest private bank in India, and famous for its services.

One should not close his account with premium banks, especially with a bank with a stature of Icici bank.

Yet, some situations may compel you to close your Icici bank account.

Probable reasons for closing the Icici bank account:

Many Bank Accounts

You may have many accounts where you are enjoying higher interest rate.

Icici bank account may not be your primary account.

You have to maintain the least balance of Rs 5000/- or Rs 10000/- across all your accounts, based on the location.

For many customers, it’s challenging to maintain the least balance across all accounts.

Dissatisfaction with Customer Service & bank staffs

Bank staff’s Poor service & unprofessional behavior may compel you to close your account.

Sometimes service requests are not met within the promised period by the bank.

Bank staffs behave rude & unprofessional with customers sometimes under work pressure.

Higher Fees & Charges

The minimum monthly balance need for Icici bank is high. You may find it very demanding.

Closure of salary account:

Generally, people close their salary account with the bank once they leave their job.

It becomes a regular savings account & challenging to maintain due to the higher AMB.

Closure of loan:

Once you close your credit with a bank, you have to maintain the average monthly balance in the account. Since AMB is on the higher side in ICICI bank, you may not continue with it.

Closure of Demat account:

If you are closing the Demat account, there is no need to maintain the Icici savings bank account attached to it.

Closure of Investment:

When you have an investment with a bank, like fixed deposits or mutual funds, you maintain an account. Once you stop your Investments, you need not continue that account.

If, for any of the reasons above, you wish to close your Icici bank account, this guide will be useful for you.

How to close the account in icici bank?

Please follow the below-mentioned steps to close your Icici bank account.

Ensure these points before closing the Icici bank account:

Visit your nearest branch of Icici bank to close your account.

Download a soft copy or take a printout of the bank statement (since opening), for future reference.

Take a photocopy of the front page of the checkbook carrying details of account no, Ifsc code & customer id.

Clear all pending dues & charges before closing the account

Clear your loan dues, credit card payments & de-link Demat account before closing account.

Withdraw or transfer the Balance Amount from your Bank Account

Open a new account with some other bank( I prefer hdfc bank) so that you can transfer your funds from Icici bank.

Transfer all your funds from Icici bank to your separate bank account through RTGS, NEFT, IMPS, or UPI.

You may also prefer to receive a cheque or DD to your present address for the remaining balance in your account.

Fill up the icici bank account Closure Form.

Visit the nearest branch & approach the banker for a bank account close application.

Submit the documents:

Fill-up the icici bank account closure form with complete & correct details & Submit the same to the banker.

Submit your KYC I,e Id & address proof like Pan card and aadhar card.

Cut your debit card in pieces, and handover unused cheque leaves to the banker.

Don’t forget to mention email id & phone number.

The bank will give you the remaining balance of your account in the form of Demand Draft or cheque.

Take Acknowledgement

Ask for a copy of the Acknowledgement of closure request for future reference.

The standard TAT of account closure is 05-07 working days.

You will get your bank account closing letter after that.

You may contact the bank manager or customer care on 1800 102 4242 or 1860 120 7777 for further assistance.

In the following section, I have answered some queries on the Icici bank account closure.

How to close the Icici bank account online?

It would have been great to be able to close an account online. But as of now, there is no such process available. So you can’t close an Icici account online.

How to close the icici bank account without visiting the branch

It is not possible to close an Icici bank account without visiting your bank. Customer authentication is mandatory to process closure of an icici bank account.

How to close the Icici bank salary account?

Icici bank does not charge its salary account holders for not-maintaining average balance.

When you leave your job, the account becomes a regular saving account. Then if you dont maintain the minimum balance, you pay the charges.

To avoid charges, you have to close your account. You have to visit a branch and sign the account closure form and submit it to the bank.

How to close the Icici bank salary account online?

As of now, the bank has no such provisions. You can download the account closure application from the bank’s website. Then you visit the branch for the rest.

How to close the Demat account in Icici bank online?

It has got two parts.

Closing the trading account

To close the Icici Trading account online, call customer service & request for closure. Post verification, they will approve the plea over the phone.

Closing the Demat account

The demat account is usually linked to your savings account. So you have to close it manually by visiting the nearest branch.

You may download the demat closure form from icici bank site, Fill it up & submit it to the bank.

You may get it from the banker at branch & submit the filled form at the bank.

Mention your bank account no, customer Id, client Id, Dp Id & reason for the closure.

You have to sell all holdings from your Demat account to get your money before closing.

It may take 5 to 7 working days to close your account.

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 ).

Surrender Balance Cheque Leaves and Passbook

You have to surrender the pending unused cheque leaves to the banker.

Withdraw the Balance Amount in your Bank Account

You can draw cash or take a DD or cheque from the bank.

How to close the icici bank account through net banking

At present, no such procedure is available with the bank to close an account online or through the post.

How to close the icici bank RD account online?

You can close the account online using internet banking and mobile banking.

Go to the Tab’ accounts & deposits’ & click on it.

Icici Bank Nri Account

Click on the RD account number option.

You will reach a page where you can find the RD account summary.

Click on more options.

Click on the “closure of RD” option on this page then click on “submit.”

You will get prompted for confirmation. Please check the details and click on ‘submit.’

Your rd account will get closed.

But premature closure of Money Multiplier FDs or linked fDs can’t happen online.

How to close ppf account in icici bank

One cant close a ppf account cant be before maturity or at least before 15 years. If you want to change ICICI Bank, you can transfer it to some other bank.

How to close a fixed deposit account in icici bank?

Please follow the below-mentioned path to close your FD with IcIci Bank.

Click on ‘My Accounts’ tab> ‘Deposits’ tab> ‘Service Request’ tab > ‘Closure/Renewal of Existing Fixed/Recurring Deposit’ option.

How to close ICICI Bank NRI account online?

Visit the form centre of Icici bank

Download the pdf ‘Request for Closure of Saving Bank Account for NRI form‘

Take a Print out, Fill it with relevant details and Sign it.

Attach a self-attested photocopy of your valid passport.

Send the closure form to ICICI Bank, Mumbai India.

This request will delink the NRI Demat Account & the NRI Trading from the NRI bank account.

If your account is dormant or inactive, you have to activate it before closure.

Icici Bank Net Banking

Bank won’t transfer the closure proceeds of NRO Savings account to any NRE or third party account.

Icici Bank is one of the best banks in India We have now.

Icici Bank Forms Download

Please judge all options before closing your account with this bank.