How To Close Punjab And Sind Bank Account Online?

Punjab & Sind Bank is one of the nationalized banks in India. Owned by the Indian government’s finance ministry, the bank has its headquarters located in New Delhi, India. Founded in 1908, Punjab & Sind Bank is the oldest bank. Today, the bank has over 1500 branches in India with more than 600 branches in Punjab alone. It has 25 zonal offices in different parts of India.

In the initial stages of the evolution of banks, customers used to visit the banks and stand in long queues to get their banking works done. It was the time when banks did not influence technology. But, after the invention of technology in the banking sector, banks introduced net banking and bank apps to reach customers easily and efficiently. 

Internet not only helped banks easily reach the customers but also helped them carry out banking activities in a fast manner. In the busy world, everyone is engaged with some kind of work all day. No one has the time and patience to stand in long queues in banks to make fund transfers, do deposits, etc. With the help of banking apps and internet banking, customers can easily access their bank account and do all sorts of banking activities.

The best thing about technology’s intervention in the banking sector is the availability of services all the time. Customers from different locations can access and carry out banking activities anytime. Internet banking and banking apps serve customers 24/7. 

If you are a customer of Punjab & Sind Bank and are looking for ways to close your bank account, we’ll help you do it. Follow the instructions given in this article to successfully close your Punjab & Sind Bank account. 

Can the Punjab & Sind Bank account be closed online? 

The answer is No! Even though all banking services are available online, the account closing facility is not yet available online. It cannot be carried out through the internet. The customer of Punjab & Sind Bank has to manually visit the bank, get the account closure form, fill it and submit it to the bank official to close the account. 

You may download the account closure form online in PDF format, take a printout, fill it out, and submit it to the bank. But, either way, you have to visit the bank to submit the form. 

It is recommended you fill the form in the bank and not in your home, as if you have any doubts while filling the form, you can clarify it with the banking officials available at the bank. Make sure you fill out the form correctly. Do not make any errors. Avoid overwriting. If you enter incorrect information, your form might be rejected and your account closure will be delayed. Therefore, filling the form carefully with correct details is essential. 

Now, let us look at the steps to close Punjab & Sind Bank account. 

STEPS TO CLOSE PUNJAB & SIND BANK ACCOUNT

Follow the steps given below to close your Punjab & Sind Bank account. 

• STEP 1 – Collect the Punjab & Sind Bank account closure form. The form can be collected from the nearest branch of Punjab & Sind Bank. Or, you can download the form online from the official website of Punjab & Sind Bank. Getting the account closure form is the first step.
• STEP 2 – Next step is to fill the form with appropriate details. Enter the necessary info in the account closure form. Make sure you enter the correct details. If you have any doubts, you can clarify them with one of the bank officials at the bank. Sign the form wherever required. 
• STEP 3 – In case, if you have a joint account holder, they should also sign the form. 
• STEP 4 – The fourth step is to attach the identity proof / KYC documents along with the Punjab & Sind Bank account closure form. The KYC documents have to be self-attested. You can submit Aadhaar or PAN card as your identity and address proof. These documents will be verified by the bank executive.
• STEP 5 – Now, it’s time to submit your bank documents. As you are closing your Punjab & Sind Bank account, you will no longer need the bank passbook, chequebook, pending cheque leaves, and Debit / Credit card. You need to submit these documents to the bank. Your account closure process will be successful only if you submit these bank documents. 
• STEP 6 – Next, you should withdraw your pending account balance from the Punjab & Sind Bank. The amount can be withdrawn as cash. The amount can also be transferred to a different bank account or received in the form of a DD or cheque. If you have a large sum in the balance, it is recommended you don’t take it as cash. 

Once all the above steps are complete, the bank will verify your documents, process your request to close the account. 

If the account closure is successful, the bank will notify you by sending an SMS or e-mail to your registered phone number/mail ID.

Both the current account and savings account of Punjab & Sind Bank can be closed using this procedure. 

You can also write an application form to close your bank account. In the application form, you should mention your name, bank account number, and IFSC code.

We have mentioned all the steps to close your Punjab & Sind Bank account. As we mentioned already, the account cannot be closed online. You have to visit the bank to close the account. If you face any hassles or have queries about the account closure, you can contact Punjab & Sind Bank’s toll-free customer care number 1800-419-8300. You can contact one of the bank officials to confirm if your account is closed or not. The bank may take from 2 days to 10 days to close the account. In most scenarios, the account closure will happen in 1-2 days. In rare cases, the process may take up to a week.