SBI account: Before closing or deactivating SBI account, the customer has to fill the account closure form. You can do this work by going to the home branch. Or you can download the closure form by visiting the SBI website.
What are the rules for closing SBI account, this work can be done online and offline
SBI or State Bank of India is the largest government bank in India. This bank has more than 22 thousand branches and more than 58 thousand ATMs spread across the country. SBI provides various banking and financial facilities to its customers. If you are an SBI customer and are not happy with the services of the bank, then you can close your account. Account closure facility is available both online and offline. However, for closing the account, the customer has to submit the request in hard copy to the bank branch. In this letter it has to be told that due to which the account is being closed.
If you are not happy with your banking branch or there is any kind of inconvenience in visiting the branch, then you can transfer the account to other branch also. You can do this work sitting at home because it has been said from the bank that a better online medium can be used for this than going to the branch. According to State Bank, customers can use YONO SBI, YONA Lite and OnlineSBI channels to transfer accounts. Customers can take advantage of these online services sitting at home on their mobile or computer. By giving the necessary information, you can change your branch sitting at home.
For account closure, request has to be submitted in hard copy to the branch. Please state the reason why you are getting your account closed.
— State Bank of India (@TheOfficialSBI) June 7, 2021
Keep these things in mind before closing the account
- Cancel all automated payment links from your account
- Pay off all bank dues before closing the account
- Make sure that you have the savings account statement with you before closing the account
- Your account balance should be zero before closing the account
- Cannot re-open your account in SBI after closing the account
how to close online account
Before closing or deactivating SBI account, the customer has to fill the account closure form. You can do this work by going to the home branch. Or you can download the closure form by visiting the SBI website. After downloading the form, fill it correctly and completely. After filling the form submit it to your branch. You have to provide all these information while filling the form.
- Account Holder’s Name
- Account Number
- account holder’s signature
- City, State and Pin Code
- Reason for closing account
- To which account the balance amount will be transferred (cheque, cash or DD details)
After submitting the closure form at the bank branch, the customer has to return the passbook, check book and debit card of the bank. While submitting the closure form, the bank officials may also ask for the address proof from the customer. If you have given all the details in the closure form correctly, the bank officials will tally and verify the same. After that they will close the bank account. After the account is closed, you will get SMS and its message on the registered mobile number.
account closure fee
According to SBI, if the account holder closes the account within 14 days of opening it, then there is no charge for it. However, there is also a situation in which Rs 500 plus GST has to be paid for closing the account. If the SBI account is closed within 14 days to 1 year from the date of opening, then for this Rs 500 plus GAT has to be paid. If you close the regular savings account, then there is no need to pay any fee for this. Customers or common person can call toll free number 1800 425 3800 for information related to SBI.
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