How To Close Bank Of Baroda Account Online?

If you are a customer of numerous banks, it is natural that one day you will wish to close any one of your bank accounts. Not just that, if your experience with a particular bank is not satisfactory, that can also push you to close your account with that bank and open a fresh account with a different bank. If you are planning to close your Bank of Baroda account, then you’ve landed on the right page!

However, if you’re looking for ways to close your Bank of Baroda account online, then we have news for you! Bank of Baroda bank account cannot be closed online. You can open a bank account in Bank of Baroda online, but you cannot close the account from the online method. You have to manually visit the bank branch to close your bank account. But, we will tell you some important steps that can be carried out online to close your Bank of Baroda bank account.

A Brief Introduction to Bank of Baroda

Bank of Baroda is one of the reputed banks in India, which has also ranked in the Forbes Global 2000 list. The headquarters of the bank is located in India’s Vadodara. The bank has over 100 million customers and is the 4th largest nationalized bank in the country. 

The bank has over 8000 branches across India with more than 10,000 ATMs as of 2020. Bank of Baroda has over 100 overseas offices in about 24 countries in the world. Some branches are located in popular world cities like London, New York, Dubai, Brussels, Hong Kong, and more. 

Now, let us look at the detailed steps to close your Bank Of Baroda bank account Online. 

A step-by-step guide to close Bank of Baroda Bank Account Online

Before going to the guide, you must remember that you cannot completely close your Bank Of Baroda bank account Online. You can make certain steps to close the bank account. You have to manually visit the bank and hand over the account closure request form to close your bank account. 

Despite the development of technology and enormous online banking facilities, the closing of a bank account alone cannot be carried out online. The customer has to manually visit the bank branch to do so. You can open a bank account online, but cannot close it online. There are certain formalities you have to do after visiting the bank branch directly. We will explain them to you.  

Now, follow the below steps to close your Bank Of Baroda bank account. 

1. The account closure request form is the key to closing your bank account. Get the account closure request form from your nearest branch of Bank of Baroda. If you cannot visit the branch directly, you can download the account closure form online from Bank of Baroda’s official website. The PDF format of the form will be available on the website. You can download that.

2. It’s time to enter the details now. Fill in the details/info asked in the account closure request form. Make sure you enter the correct details without any mistakes. The details have to be entered in block letters.

3. Next, you should fill in details such as your name, name of the joint account holder if you have any, your state, city, pin code, and other info related to the bank. Ensure the details entered by you are true and correct. Double-check the info once more and sign the form, wherever asked.

4. If you have a joint account holder, they must also sign the form, as their consent to close the account is also required. 

5. Once the account info and personal details are filled in, you should attach your KYC documents to your Bank of Baroda account closure request form. By KYC documents, we refer to your Aadhaar and PAN card. These documents will serve as identity proof and address proof. 

Note: These documents should be self-attested both by the account holder and join account holder/holders. 

6. After filling the account closure form and submitting the KYC documents, you should submit certain things to the bank such as the bank passbook, chequebook or balance cheque leaves, debit card / ATM card. Your account closing process will be completed only after the submission of these items.

7. Before closing the account, you will be asked by the bank to withdraw your pending bank balance from the account. You can withdraw the balance amount through cash, cheque, DD, or account transfer. You can transfer the amount to some other bank also.

8. Yes, that’s it! You’re done! You have now completed the account closure procedure. All you have to do now is to wait for the bank to notify you about the account closure. Bank of Baroda will either notify you through SMS or mail or both.

By following the above steps, you can close your bank account in the Bank of Baroda. Filling the details correctly and submitting the bank documents properly is very important as only then your account will be closed without any delay. 

The Bank of Baroda accounts closure request form is pretty simple and can be filled by anyone with Basic English knowledge. You can also seek help from the bank or your family members to fill the form if you face any difficulties. You can contact the Bank of Baroda customer care number 1800 102 4455 for any queries. 

Why do people close a bank account?

People close their bank account for various reasons. We have listed some of the common reasons why people close their bank account. 

• Not satisfied with the customer service of the bank
• Changing their location to some other city and the bank branch of their bank is far from their new place
• The interest rate of the bank is very low
• Finding the policies of some other bank more attractive 
• Interested to open a bank account in a different bank
• Online transactions/app of the bank is not customer-friendly 

Apart from the above-mentioned reasons, people might have their reasons to close a bank account. If you wish to close your Bank of Baroda bank account, follow the instructions given in this article. Unfortunately, the Bank of Baroda does not offer an online mode for account closure. You have to visit the bank manually with the filled-in account closure request form to close your bank account. However, you can access the account closure request form online. 

If you didn’t know, some banks charge their customers for closing the bank account. Concerning the Bank of Baroda, the bank charges Rs 275 if your account opening date is from 14 days – 1 year. This does not include accounts both in basic savings banks and small savings banks. For opening the account you have to have a minimum balance of Rs 1000. If you fail to maintain the minimum balance of Rs 1000, you have to pay Rs 100 + GST every quarter. 

If you have any queries regarding the account closure request form or about the bank’s policies, feel free to contact the bank’s customer care helpline 1800 102 4455. Share the article with your friends and family, if you had found it useful!