Stepwise Procedure on How To Close Central Bank Of India Account Online?

Closing a bank account can be fueled by various reasons. The account holder may wish to open a bank account with a new bank or might have faced difficulties in maintaining multiple bank accounts, so decided to close one of them. If you wish to close your Central Bank of India bank account, we’ll tell you how to do it. 

However, if you are looking for ways to close your Central Bank of India bank account online, you must know, it is not possible to close the Central Bank of India bank account online. You have to manually visit the bank branch to do so. But, you can carry out certain steps online to make your account closing process fast and easy. This article will guide you through this process with detailed steps.   

Before going to the procedure to close your Central Bank of India bank account online, let us know a few important facts about the Central Bank of India. 

A Quick Introduction to Central Bank of India

Owned by the Indian government’s Ministry of Finance, the Central Bank of India (CBI) is one of the biggest Indian nationalized banks. It is also one of the oldest banks in India; it was founded in the year 1911, before independence. The bank is based out of Mumbai, Maharashtra, which is India’s financial capital. The bank has a pan-India presence. It was recapitalized in 2009 and is a public sector bank.

Central Bank of India has over 4500 branches across India with more than 3500 ATMs as of 2021. The bank maintains its presence in India’s 28 states, 7 union territories, and over 570 district headquarters across the country. Central Bank of India is the first commercial bank in India to be completely managed and owned by the Indians. 

Now, let us get into the detailed steps to close your Central Bank of India bank account online.

Step-by-step procedure to close Central Bank of India bank account online

Like we already said, you cannot close the Central Bank of India bank account completely online from the comfort of your home. You have to visit the bank branch manually to get your job done. However, you can make a few steps from your home to close your account. Let us now look into the procedure:

• STEP 1: To close your Central Bank of India bank account, the first step you have to do is to download the Central Bank of India account closure form. The form can be downloaded online from the Central Bank of India’s official website. Go to Central Bank of India’s official website https://www.centralbankofindia.co.in/en and download the account closure form online. If you have any trouble downloading the form online, you can get the form manually by visiting the nearest Central Bank of India bank branch.

• STEP 2: Now, it’s time to go through the form and answer the questions. Fill in all the fields in the form. The questions are pretty simple and we guess you can do it on your own. Make sure you read every question with clarity and answer them correctly. Do not enter false information or make mistakes while filling the fields. The form is crucial for your account closure. So, make sure you fill the form with the right info without any errors. Fill in the details in block letters. You will be asked to fill in basic details like the account holder’s name, address, date of birth, signature, and more. Fill them.

• STEP 3: After filling in the details correctly, you have to attach your KYC documents. These include your identity proof and address proof documents like Aadhaar card and PAN card. These documents are very important and submitting them is mandatory. If you have joint account holders, the KYC documents of joint account holders should also be submitted along with the account closure form. These documents must be self-attested. KYC documents of both the account holder and joint account holders should be self-attested.

• STEP 4: The next step is the submission of the bank documents. You must submit the bank’s passbook, debit card / ATM card, and pending cheque leaves or chequebook of the bank. To complete your account closure procedure, you should submit these to the bank. If you do not have a debit card, you should submit the pending cheque leaves/chequebook and bank passbook.

• STEP 5: The last step is to withdraw your balance bank balance. If you have a pending bank balance in your account, make sure you withdraw the amount before closing the account. You can withdraw the remaining amount in the form of cash or cheque or DD. You can also transfer the fund to some other bank account.

That’s it! You have completed all the steps to close your bank account. You can also take all the bank documents like chequebook / pending cheque leaves, bank passbook, debit card / ATM card and visit the bank manually, and then get the account closure form and submit the KYC documents. This will help you clarify any queries directly with the bank itself. If you face any doubts while filling the form, you can directly ask the bank officials for help. 

After filling the account closure form, you should fill another form if you wish to transfer your bank balance amount to some other bank account. The bank will ask the account holder to state the reason for closing the account. You can state the reason and follow the above steps to close your bank account. 

People may wish to close a bank account for various reasons. Despite the popularity and advantages of the Central Bank of India, some might wish to close the bank account for their reasons. Some of the popular reasons include less customer satisfaction with the services of the bank, bank’s financial transactions not being customer-friendly, the account holder may move to some other city and not finding the bank’s branch nearby their home, wish to open an account in a different bank or facing hurdles in maintaining multiple bank accounts, therefore deciding to close one of the accounts. 

Points to remember

Whatever the reason be, follow the steps mentioned in the article to close your Central Bank of India bank account. 

• Remember, the Central Bank of India does not offer an option for its account holders to close the account online.
• You have to download the account closure form online and manually visit the bank branch to submit the filled form along with bank documents and KYC documents.
• You have to withdraw the pending bank balance to complete the account closing procedure.
• You will be notified by the bank via email or SMS or call once the account closing is completed.

Remember, your account closing will be completed only if you follow all the above-mentioned steps properly. Mistakes in the form or failure to submit Bank documents or KYC documents will delay the account closing procedure. 

To close the account smoothly without any delay, follow the procedure correctly. After you have followed the procedure, wait for the notification from the bank for successful account closure. The bank may take a few days or sometimes even weeks to finish the procedure. Be patient, and wait for the completion.