How to close SBI Account without visiting Home Branch| How to write a Bank Account Closure letter

how to close sbi account

The largest public sector bank in India, SBI (State Bank of India) is SBI. There are more than 22141 branches and 58,555 ATMs spread throughout the country. SBI provides a variety of financial services to its customers. SBI customers who are not satisfied with their services can close their account online.

Let’s get started. Check out the article and the step-by-step procedure on “How to Close an SBI Account“.

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How do I close my SBI account? Follow the steps below

Fill out the Account Closure form to deactivate your SBI account. You can visit your local branch or download the Closure Form here at Banking Support.

Once you have downloaded the form, fill it in correctly and submit it to your branch. The following details must be filled out.

After you have completed the form submission, you will need to return the Passbook, Cheque book, and Debit card provided by Bank. Bank officials may ask for proof of address when you submit the account closure form.

  • Also, see How to Write a Bank Account Closure Letter

The bank will verify all details and close your bank account if all is correct. Once your SBI Bank account closure is successful, you will receive an email with a SMS and email on your registered mobile number and email ID. This is how to close an SBI account without any hassel.

What are the charges to close an SBI account online?

According to the information on the official website of SBI. If you close your bank account within 14 days of opening it, there are no charges.

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In certain circumstances, an account holder may need to pay 500 INR + GST as mentioned in the Table below.

PeriodFees
Within 14 days of opening an accountThere are no charges
After 14 days, you can get up to 1 year+GST Rs 500
Closure of the Regular Savings AccountThere are no charges

In conclusion

SBI is a popular bank in both rural and urban areas of our country. With over 420 million customers, the Bank holds a 1/5 share of India’s Banking Sector.

The SBI Services are now much better than they were earlier. Contact the customer care if you have any problems with the services offered.1800 425 3800

We hope you find this article helpful in answering your questions about “How to close an SBI account”. Please feel free to ask us any questions about Account Closure in the comments below.

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Are you planning to close your bank account? This article is for you if yes. This article will provide all the details on how to send a Bank account closing letter.

To close your bank account, you must write an official letter to your bank manager addressing all the problems you are facing with the Bank. Ask him/her to close the account. Continue reading if you don’t know how to close a bank account.

Your Bank doesn’t want you to go. They value every customer. The Bank Executives will attempt to convince you to not close your account. You can also write a closing letter to your branch manager if you are certain that you want to close your account. Once you have made your decision, the sample letter below can be used as a reference.

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How to Write Bank account Closure letter
how to close sbi account

To,

The Branch Manager

State Bank of India

Raipur ( CG ), 492001

Date15/ July/2020

SubjectClosure of Bank Account

Sir/Madam

I have an account number 2032658945 at Your Branch. I’m unable to maintain this account due to personal circumstances. This is a request letter to close my savings account and reject any further transactions. Together with this letter, I will return my passport, cheque book, and cards.

I ask that you please close my account and return my balance to the account details given below. It would be greatly appreciated if you did the right thing and started the process as soon possible.

Bank Account Number – 2032658945

BOBNHY00245 IFSC Code

We are grateful for your support

Signature

Abhishek Tiwari

Sample 2

To,

The Branch Manager

State Bank of India

Delhi, 110001

Date15/01/2021

Subject: Application to Close the Bank Account

Dear Sir/ Madam

For the past 5 years, I have had a savings account in your branch. I was recently transferred to another town and have decided to close my bank account in your branch.

You should close this bank account as soon as possible and transfer the balance to another account whose details are given below. It would be greatly appreciated if you did the right thing and initiated the process as quickly as possible.

HDFC – Bank

Account Number – 245686155562

IDFC Code – HDFC158242K

We Thank You

Sourabh Sharma

Double-check everything before you send the Bank Account Closure Letter to Your Manager. This will ensure that the process goes smoothly. These are the four things to remember before closing a bank account

1. 1.Prior to closing your bank account, the first and most important thing you should do is de-link all of your cards. For faster transactions, we often link our card with UPI in different apps. This includes the Securities Trading account and Credit card issued by Your Bank.

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2. 2.Check Your Account BalanceThe Closure Amount, usually 500 INR, is required to close your bank account. If your account balance is negative, your bank will not allow you to close it until you pay the Account Closure amount through Your Bank Account Close application.

Ask your Bank to transfer or demand a draft to your address if there are any outstanding balances in Your account.

3. Register for a New AccountYour bank account is being closed because you are unhappy with the service provided by your bank. To transfer your funds, you should open a new bank account before closing your account.

4. Backup of bank statementsPrint out a soft copy of your Bank statements from the past 12 months. The Bank Statement gives the customer the ability to view all transactions processed on their account. To request a Bank Statement, you can write a letter to your bank manager. How to send a letter to the bank manager to issue our account statement.

After you are done with all the above, you can submit your Bank account closure letter to your branch to let them know that you want to close your account. If you are a HDFC Bank account holder and wish to close your account, download the Account Closure form here and submit it to your branch.

In conclusion

If you are not satisfied with the service provided by banks, you can withdraw your hard-earned money anywhere. It may take up to 7-10 working days to close your bank account. The Confirmation Letter will be sent by your bank to your registered address.

I hope you have found the answers to all your questions about How to Close a Bank Account to Your Branch. Please feel free to share your doubts below.

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