How To Close HDFC Bank Account

With the invention of Technology, almost all the sectors have adapted to digital ways to keep their business running. The banking sector is no exception. Banks, including government and private banks, have adapted to digital methods to provide diverse services to their customers. You can carry out almost all banking activities online today. 

You can make fund transfers check account balances, get account statements, add beneficiaries, pay loans, EMIs, carry out fixed deposits, and do plenty more online with the help of Internet Banking, and mobile banking apps. This has made customers Avail banking services 24/7 without any interruptions. 

Irrespective of location and time, the account holders of banks can access, all the banking services online easily. This saves a lot of time for customers as they no longer have to stand in long, queues to make fund transfers or access banking services. 

But a service that is not available online, concerning the banking sector is the closing of a bank account. Banks have still not adapted to closing a bank account online. In short, you cannot close a bank account online. You need to visit the bank and submit the account closure form to formally close your account. 

You can get the account closure form from one of the bank Executives in the bank. You may also download the account closure form online from the bank’s official website. 

Reasons why people close bank accounts

People may opt to close bank accounts for plenty of reasons. 

Some of them include:

• Failure to maintain a minimum balance amount.
• Poor or bad relationship with the bank executive or Bank officials.
• The home branch of the bank is far to access from their home or office.
• The person may have been transferred to a different city and find it difficult to go to the bank as it is located far away.
• The interest rates of the Bank are high.
• The online services of the bank are not customer friendly.
• The bank services and customer care are not satisfactory.
• Difficulty in maintaining numerous bank accounts may also force some people to close one of the bank accounts.

Concerning HDFC Bank, you have to maintain a minimum balance of rupees 3000 for rural areas and rupees 5000 for urban areas, failure to maintain this minimum balance may lead to the bank charging fee or charges from the customer. 

Some may prefer to close an HDFC bank account for this reason. HDFC is one of the popular and well-known private banks in India. The bank is known for its customer friendly services and policies. There is no complaint about that. But, some of the account holders of the HDFC bank may find it difficult to maintain such a large sum of minimum balance. 

While some can easily maintain this minimum balance amount, not everyone can. So, their choice will be to close the bank account. In this article, we will learn how to close an HDFC bank account. 

As we already mentioned, the HDFC bank account cannot be closed online. You can download the account closure form online, but need to visit the bank to submit the form. 

Now, let us look at the requirements to close the HDFC bank account. 

Requirements to close HDFC bank account

To close your HDFC bank account, you will need certain documents. 

You will require:

• Your HDFC Bank Passbook
• HDFC debit card or credit card
• HDFC Bank chequebook and pending check leaves
• Your KYC documents like Aadhaar card and PAN card
• Knowledge in English to fill the account closure form

Now, let us go through the steps to close the HDFC bank account. 

Detailed steps to close HDFC bank account

Closing an HDFC bank account is pretty simple as your only job is to fill the account closure form without any errors or overwriting. Apart from that, there are no difficulties with the account closing procedure. Once you submit the form, the bank will check the form, verify it and close your account if everything is correct. 

Here are the steps to close an HDFC bank account:

• Step 1 – Get the account closure form online. You can download the account closure form by visiting the official website of HDFC Bank. If you cannot find the form online, you can visit the nearest HDFC bank and get the account closure form from one of the banking officials.
• Step 2 – Fill out the account closure form correctly. Make sure you fill all the fields in the account closure form. Do not make any errors or mistakes. Avoid overwriting. Sign wherever necessary.

If you have a joint account holder, the signature of the joint account holder may also be needed. You will be asked to fill in details such as your name, account number, etc. 

• Step 3 – You have to attach your identity proof documents or KYC documents such as your Aadhaar card or PAN card. The photocopies of these documents should be submitted. Self-attest the photocopies of KYC documents. Keep the originals with you. Show it in case the bank asks.
• Step 4 – Before closing the bank account, you should submit your HDFC Bank Passbook, pending check leaves, chequebook, debit card, or credit card to the bank. Only, if you submit all these documents, your account closure will be done.

As you are going to close your account, you will no longer require these documents.

• Step 5 – Before you close the account and submit the form, make sure you withdraw your pending account balance in the HDFC Bank. You can withdraw the amount as cash, check, or DD. You can also transfer the amount to a different bank account through UPI or IMPS.

Provide the detail of that bank account to HDFC Bank to make a fund transfer. 

• Step 6 – Once you have followed all the five steps, you can go on and proceed to submit the account closure form to the bank executive.

The bank will check your account closure form, Bank documents and KYC documents and verify them. If everything you have submitted is true and correct, the bank will close your account in 7 to 10 days. You can confirm the account closure with the bank by calling them. 

If you face any issues with the account closing procedure, you can call the customer care number of HDFC Bank. This is the customer care number of the bank 1800 22 1006. 

We hope you have learnt how to close an HDFC bank account. Filling the account closure form correctly and submitting all the necessary documents are important to close your account successfully without any troubles.