Do you hold a bank account that is either inactive or that you are unable to keep up with? It’s not complicated to close your account; all you need to do is write the manager a request letter. For your convenience and comprehension, we are providing the format for the application for Closing Bank Account.
Why should I Close a Bank Account?
Different people may have different motives for closing a bank account. The most frequent causes include inadequate service or response, excessive fees, use of online services, etc. Other reasons can be that you can’t keep up with the account or need the money, or just want to open a new account.
Another situation can be that the bank may shut your account if it has been dormant for a very long time, if it has had zero balance for an extended length of time if there have been too many bounced checks or overdrafts, or if identity theft has occurred, etc.
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What Documents will you Require to Close a Bank Account?
To terminate a bank account, you must provide certain items to the bank that are highly significant. For instance,
- Account Number in a bank.
- Name of the account holder.
- The account holder’s signature.
- Original bank account passbook.
- Paycheck Book (If Issue).
- An ATM Card (If Issue).
- Identify Evidence (Ex. Aadhar Card, Pan Card, Voter ID Card, Driving License).
- The Address Is (Ex. Aadhar Card, Voter ID Card)
With the aforementioned items in hand, you should be able to shut your bank account without incident if you visit your local branch of the bank. You could have to pay it, though, as many banks may impose “account closing costs.”
Format of a Letter in order to Close a Bank Account
You must submit a letter to the bank manager each time you want to open or close a bank account outlining your motives. Here are some sample letters to assist you.
Format of an Account Closing Letter
The Branch Manager
Name of the Bank
Bank Address
dd/mm/yy
Sir/ Ma’am,
Body of the letter
Thanking you
Yours faithfully,
Signature of the Account Holder
Name of the Account Holder
Sample 1
The Manager
Name of the Bank
Name of the Branch
Address of the BranchSubject: Request to Close Bank AccountDear Sir/Madam,I am writing this letter to formally request the closure of my bank account with [Bank Name]. After careful consideration and evaluation of my financial requirements, I have decided to discontinue my banking services with your esteemed institution.I kindly request your assistance in initiating the necessary procedures to close my account as per the policies and guidelines.
Below are the details of my bank account:
- Account Holder’s Name: [Your Full Name]
- Account Number: [Your Account Number]
- Account Type: [Savings/Current/Other]
I would like to request a written confirmation of the account closure once the process is completed. Kindly provide me with an official statement stating that the account has been closed, along with a zero balance verification. Should you require any further information or documentation from my end to expedite the account closure process, please do not hesitate to contact me via the contact details provided below.
Thank you for your attention to this matter. I look forward to your prompt action and the closure of my bank account. I appreciate your cooperation throughout this process.
Yours Sincerely.
[Your Full Name] SignatureMobile Number
Email ID
Sample 2: Simple Bank Account Close Application Letter
To
The Manager
Name of the Bank
Name of the Branch
Address of the Branch
Sub: Application to close bank account
Dear Sir/Madam,
My bank’s savings account number is XXXXXXX. I’m now unable to keep this account going. Therefore, I respectfully ask that you terminate the account and credit the money to my cash or debit card.
Thanking you,
Yours sincerely
[Name]
[Signature]
[Date]
[Mobile No]
[Address]
Sample 3 – Bank Account Close Application
To
The Bank Manager,
Bank Name,
Branch Name,
City.
Subject: Closing of Bank Account-A/C-XXXXXXX
Respected Sir/Madam,
With due respect, I Beg to say that I hold a savings account in your branch and I want to close this account due to some personal reasons with immediate effect. Details of the account are as under –
- Account Holder Name –
- Account No – XXXXXXXX
- IFSC code – XXXXXX
- Current Balance – Rs. XXXXX.XX
Kindly close my above-mentioned account and hand over the balance amount in cash. I will be thankful to you.
Yours Faithfully,
[Name]
[Signature]
[Contact Details]
Sample 4 –Bank Account Close Application Letter
To
The Manager,
Bank Name,
Branch Name,
(Full postal address of the branch)
Date-
Subject- Closing of Savings / Current Bank Account
Dear Sir/Madam,
I humbly request that I have been an account holder with ______ (Account Holder Name) in your bank for some years. For some reason, I want to close my bank account. My account number is _____ (Bank Account Number) and my ATM number is ____ (ATM Number).
Therefore, you are requested to kindly close my account and return my outstanding amount to me. I will always be grateful to you. Your kind co-operation in this regard will be highly appreciated.
Thanking you.
Yours truly,
Name-
Address –
Mobile No-
Email ID-
Sample 5 – Application For Closing Bank Account
To
The Branch Manager,
Name of the Branch,
Address of the Branch
(example: Bigoram, Kolkata, 700386)
Subject: Request for pre-closing ongoing recurring deposit (RD) account
Dear Sir/Madam,
My savings account no. is XXXXXXXXXX and RD account no. is XXXXXXXXXX in your bank. Due to some unavoidable reasons, I’m not able to continue the RD payment.
So you are requested kindly to pre-close the RD account before the maturity period and deposit the so far amount from RD to my savings account.
Thanking you.
Yours sincerely,
Signature –
Name –
Mobile No –
Sample 6
The Manager
Name of the Bank
Name of the Branch
Address of the BranchSubject: Request to Close Bank AccountDear Sir/Madam,I am writing this letter to formally request the closure of my bank account with [Bank Name]. After careful consideration and evaluation of my financial requirements, I have decided to discontinue my banking services with your esteemed institution.I kindly request your assistance in initiating the necessary procedures to close my account as per the policies and guidelines.
Below are the details of my bank account:
- Account Holder’s Name: [Your Full Name]
- Account Number: [Your Account Number]
- Account Type: [Savings/Current/Other]
I would like to request a written confirmation of the account closure once the process is completed. Kindly provide me with an official statement stating that the account has been closed, along with a zero balance verification. Should you require any further information or documentation from my end to expedite the account closure process, please do not hesitate to contact me via the contact details provided below.
Thank you for your attention to this matter. I look forward to your prompt action and the closure of my bank account. I appreciate your cooperation throughout this process.
Yours Sincerely.
[Your Full Name] SignatureMobile Number
Email ID
FAQs on Application For Closing Bank Account Letter
Question 1 – Is it required to write a letter to close a bank account?
Answer: Writing a letter to the manager and asking him to permanently shut your account is a simple and safe method.
Question 2 – How long is the time frame for closing a bank account?
Answer: It entirely depends on your bank, to be honest. You can ask the bank manager to finish this task as quickly as feasible. But it only takes five to 10 days at most.
Question 3: Can a bank account be closed online?
Answer: Either yes, no, or both are acceptable answers to this question. Due to the fact that some banks in India allow you to close your bank account online while others do not.
Bank account closure is much simpler than you would imagine. You can attempt to develop your own application using the aforementioned examples as a guide.
