Close Bank Account in Axis Bank: This one is considered as one of the best bank operating in India. In case you don’t want to use your account anymore because of any reason, there are a number of reasons why you want to close the account you can do that. And if you are planning to close your account because it has turned dormant over time as you have not used it from a long time then I have another way for you. I have published a guide which will tell you how to reactivate Dormant account in Axis Bank. But if you have made up your decision to close it they this guide will help you to do so.
How to Close Bank Account in Axis Bank?
So now let us get started with this guide and check out the procedure which you need to follow to close account in Axis Bank. I have listed down all the steps below in brief.
- Collecting and filling up Account Closure from.
- Returning your Passbook, Debit Card, Credit Card, Cheque book.
- Submitting address proof and identity proof documents to the bank.
Procedure to close bank account in Axis Bank:
So the first thing which you have to do in order to close Axis Bank account is to visit the home branch. Here what I mean by the home branch is the branch where you had opened your bank account.
Make sure that you carry your debit card, credit card, bank passbook associated with your Axis Bank account with you.
Ask for a bank account closure form at the home branch. The bank officials will not hand over the closure form easily. They will try their best to convince you not to close the bank account.
Now it is left to you to decide if you want to really close the bank account or want to continue with it. Once you get the Axis Bank account closure form fill it with all the details asked in the form.
After filling the form check whether all the information you have entered is correct and sign the form and finally submit the closure form to the bank officials.
They will guide you with the further steps.
Many people ask me if there are any charges for closing the bank account, so let me tell you about the charges which are applied while closing it.
If your bank account is older than 6 months then you don’t need to pay any account closing charges. But in case your bank account is not older than 6 months then you have to pay Rs. 500 to close the account.
I have verified this information by calling the customer care of the bank on 29th July 2017. The above-mentioned charges are for the normal savings account.
If you have a current or salary bank account then the charges may change.
Most of my readers ask me that if there is negative balance in their Axis Bank account do they have to pay it?
Even if you have negative account balance then yes, you have to pay the negative balance before you can close the account. There is no other way to close it without paying the negative balance.
And also note that you can simply leave the bank account because it has a negative balance. Because while you were opening the bank account you have signed the terms and conditions of the bank account.
You can watch the YouTube video embedded below for more information.
Let’s Wrap Up The Things
So this is the procedure which you need to follow to close bank account in Axis Bank. I hope you are clear with all the information mentioned in this guide. But if you have any kind of doubts in your mind then feel free to comment below. I will make sure you get a reply as soon as possible.
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