Sometimes you have got to close your bank account for various reasons. You need to draft an application for closing bank account properly. Along with it, you need to attach a few important documents as well. This article let us learn how to write an application for closing bank account, the guidelines to be followed and a few sample letters to understand the topic in depth.
To close your bank account, you must write an application letter to the manager of your respective bank branch. Along with the application, you must also include/attach the documentation required to shut your account, such as a passbook, chequebook, ATM card (debit/credit), identity proof and so on. It is also important to mention the reason for closing your bank account.
A person’s bank account might be closed for a variety of reasons. Some common causes include difficulties maintaining several accounts, inadequate response or service, unnecessarily charged fees, personal or financial troubles, the death of a family member, an untrustworthy online service, or an inability to maintain a minimum balance.
The Branch manager
Subject: Application to Close Bank Account
Body of the letter: Mention the reason for closing the bank account, also mention the required bank details such as account number, member ID, passbook, identity proof, etc.
The Branch Manager
State Bank of India
12 th October 2022
Subject: Request for Closing Current Account
My name is Ramesh Pawar and I am holding a Current Account in your bank. I would like to close my account because I am having difficulties in maintaining multiple bank accounts. Along with this letter, I am submitting the account passbook and my identity confirmation. Please perform the necessary and begin the closing procedure as soon as feasible.
(Attach original passbook and identity copy)
The Branch Manager
Dhana Lakshmi Bank
18 th April 2022
Subject: Request for Closing Savings Account
My name is Rahul Tripathi and I have a savings bank account with you. XXXXXXXXXXXXXXX is my account number. I haven’t used my account in a long time and don’t need it right now.
As a result, I respectfully recommend that you close this bank account. I’ve attached all of the paperwork needed to close the bank account. If you can complete this in less time, I will be eternally thankful.
The Branch Manager
Subject: Request for Closing my Bank Account
I’m requesting that you close my current account via this application since I’ve seen that unnecessary and excessive costs are being deducted from it over the past few days. Despite the fact that I have not engaged in any unusual transactions. My account information is as follows:
Account Holder’s Name:
Along with my application, I will be returning my passbook, chequebook, and ATM cards. As a result, please accept my application and begin the process of terminating my account.
The Branch Manager
Union Bank of India
30 th September 2021
Subject: Request for Closing my Bank Account
My name is Sakshi Malik, and I have a savings account at your branch with account number 1147693627569. Because I am relocating to Mumbai for personal reasons, I would like to liquidate my savings account and take the money. I would appreciate it if you could please terminate my account as soon as possible because I will be travelling next week.
For your convenience, I have enclosed the bank passbook, identity, and address evidence.
Q1. What documentation is needed to close a bank account?
Answer. All account information, including account holder name, address, account number, associated mobile number, signature, original passbook and original chequebook (if issued). Your Identification Proof (Aadhar Card, Voter ID Card, Electricity Bill, etc.), Address Proof (Aadhar Card, Voter ID Card), and Debit Card / Credit Card are also required (if issued).
Q2. What is the average time it takes to close a bank account?
Answer. It is entirely dependent on your bank. Request that your bank manager performs this activity as soon as feasible. However, it just takes five to 10 days. However, in some government banks, this process can take up to two months.
Q3. Can a bank reinstate a previously closed account?
Answer. Yes, you can reopen a bank account that has been closed. However, whether you can reopen the bank account relies on the bank in specific situations.
