This includes any joint or investment accounts.Ĥ. If you have any other accounts associated with the one, you’re closing, be sure to close those as well. This includes any direct deposits, bill payments, or other automatic transfers. This can be done by moving the money to another account and withdrawing the money in cash.Ĭlose any automatic payments that are set up with the account. When you close a bank account, the first thing you’ll need to do is transfer or withdraw all of the money in the account. When you’re closing a bank account, there are a few things to keep in mind. Things to Know When Closing a Bank Account Address Proof (Aadhaar Card, Driving Licence, Voter Id Card Etc.).Identification Proof (Aadhaar Card, Pan Card, Driving Licence, Voter Id Card Etc.).ATM Debit Card / Credit Card (If issued).Cancelled Cheque (if Chequebook Issued).Here is the list of the things you need to close a bank account in India. Sometimes, someone closes their account because they’re not using it as much or don’t need it anymore. Some people close their accounts because they’re moving to a new area and want to open an account with a local bank, or they can’t afford to keep them open, while others just want to start fresh with a new account. Some people do it because they’re unhappy with the service they’re getting, others because they’re being charged too many fees, or they may be disappointed with the customer service at their current bank. The reasons why someone chooses to close an account vary. After the application form is submitted, it may take up to 3-10 days for the bank to process everything and close your account. You need to sign and submit the application in person or via email.
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