How to Close Bank Account: We often see that professionals have more than one account. This is because people also have to change their bank accounts when the company changes.
How to Close Bank Account: We often see that professionals have more than one account. This is because people also have to change their bank accounts when the company changes. Many times, customers start using a new account and don’t pay attention to the old account. In such cases, banks convert customers’ zero balance salary account into a savings account if they do not have salary credit for a few months, in which customers have to pay extra charge for not having minimum balance.
Can easily close accounts
If you have such a condition, you should immediately close your old bank account. This harms the customers. Let us tell you today how you can easily close the bank account-
Zero balance to account before decision
Once you decide which bank savings account you need to close, withdraw all the money from that account. You can do this with the help of ATM or online transfer.
Automatic Debits Stop
When you close your account, you should delink all debits linked to your account. If your bank account is linked to the month loan IMI, you should provide a new account number to the borrower or entity.
May have to pay closure charge
Banks generally do not charge for closing the savings account within 14 days of getting it open. You may need to pay a closure charge during the period of 14 days to 1 year. Banks generally don’t charge for closing an account older than one year.
Will go to the branch
You need to go to the branch to close your account. Here you need to fill in the account closure form. Along with this form, you also need to submit a de-linking form. You also need to deposit your cheque book, credit card and debit card with the bank.