How to Write Bank Account Close Application? [Sample Application]

Are you writing a bank account close application and confused about how to write it? There is no need to worry as there are few guidelines that can help you to write a letter to close a bank account effectively.

Closing a bank account can appropriately be a big concern for most of us. Though the process is quite simple still you have to make sure to do it properly so there must not be any issues later on. Often people forget to mention the vital information leading to the slow process and rejection. If you are from a finance background you must understand why it is substantial to close the bank account by following the proper procedure.

Application For Closing Bank Account | Bank Account Close Application

Bank Account Close

Often people forget to address the vital information while writing bank account closure letter. The actions that take place while closing the bank account are writing an official letter to the manager and hand it over to the manager by going into the branch where your account belongs to.

In this article, I will share few points which you need to keep in mind while writing the bank account close application. In addition to this few applications formats will also be provided to ease your difficulties. You can use them directly or make few changes as per your request and the information you want to share. Let’s start with it!

Requirements for closing the bank account

Here is a list of the things that you must prepare before writing the application for closing bank account:

  • Bank account number
  • Account holder Name and signature
  • Original cheque book
  • Original Passbook
  • ATM card
  • Credit card and additional cards if issued
  • Identification proof such as Aadhar card, voter ID card, Passport, Pan Card
  • Address proof for example Voter ID card and Aadhar Card, Passport

Before going to your bank branch make sure to keep all these documents original and two photocopies for use. With all these items you might not face any difficulty in closing your bank account. Furthermore, there are few banks those charge bank account closure fee you must pay it before closing the account.

Steps to follow to Close Your Bank Account

Bank accounts are essential assets and you must keep few things in mind before closing the account. Follow these steps and stop worrying about later consequences:

  • Check account balance: The primary step before closing the bank must be checking the account balance. If you have a significant balance in your account, you must transfer it to another account before applying the closure of the bank account. Doing this not only helps you keep your hard-earned money but also keeps the process simple for the bank as well.
  • Withdraw money manually/ Digitally: Though in the modern world transferring money is very easy and can be done from the comfort of home only. However, it is completely up to you how you want to proceed. Either you can transfer the money from your account which you want to close to another through an online process or you can go to the bank and do withdrawal manually.
  • Close the account: After doing this necessary procedure you can simply write letter for closing bank account to the bank manager to close the bank account. Make sure to ask the written confirmation from your bank manager to keep a record of everything.
  • Dispose of the old card and Cheque book: To keep everything private and protected after getting the confirmation to destroy the old credit, debit card, and checkbook so no one can misuse them. Usually when you go to the bank for closing the bank account bank asks for all the cards and related documents of the account. However, you must make sure to handle all carefully to avoid future complications.

Sample application For Closing Bank Account

Now that you know what are documents you need and what steps you need to follow to close your bank account. The next main step is to write bank account closure letter.

Though it seems a simple task yet it must be done very carefully as it will have all the information about which bank account you want to close and other essential information. Here are few samples which you can use while writing the letter to close bank account:

Sample 1 Bank Account closure

To,

Branch Manager,

Bank Name

Location

Date: DD/MM/YY

Subject: Regarding closure of bank account (Account Number: __________)

Dear Sir/Ma’am,

With due respect, I’d like to inform you that I have a savings/ current account in your branch with account number, ______and IFS Code under the Name________ from the last seven years. Due to some reasons, I was unable to operate the account for the last several months. I regret my unavailability to continue with the same and I also request you to close it as I will not be able to continue with it.

I will be returning the passbook, cheque book along with all the cards associated with the account. I have also enclosed my self-attested copy of identity proof and residence proof. Therefore, I request you to close the bank account as soon as possible. Details of the bank account are also mentioned below:

Bank Name:

Account Number:

IFSC Code:

 

Thank you

Account Holder Name:

Account Holder Signature:

Sample 2 (Bank Account Close)

 

To,

Branch Manager,

Bank Name

Location

Date: DD/MM/YY

 

Subject: Closure of Savings/ Current bank account

 

Dear Sir/Ma’am,

 

I am writing this letter regarding the closure of my Savings/ Current bank account which is in your branch with account number_____, IFSC code ________. As I am not in a position to maintain its minimum balance. Thus, I request you to close it on a priority basis. Below are the details to support the account closure process:

 

Bank Account Number:

IFSC Code:

Account Holder Name:

Current Balance:

 

I am also returning all the documents related to the account along with the application. Kindly process my request with immediate effect. I will be very thankful to you.

 

Yours faithfully

Account Holder Name:

Account Holder Signature:

Contact number:

Bank account closure form

Not all banks website provides bank account closure form. Therefore, you can check the bank’s official site to make the process simpler.

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