Many people have more than one bank account. This mostly happens with those people who work somewhere and due to transfer or change of company, bank account has to be changed too.
In such a situation, people start making transactions in the new account and the use of the old account is stopped. In such a situation, if there is no salary credit in the zero balance salary account of the customers for a few months, banks convert it into a savings account, in which customers have to pay extra charge for not maintaining the minimum balance. So there is a need to close such account immediately.
Your loss may be
If something similar happens to you, then you should close your old bank account immediately. Failure to do so will only harm you. Let us tell you today how you can easily close the bank account.
Make the first account balance zero
When you decide which bank savings account you want to close, then withdraw all the money from that account. You can do this work from ATM or with the help of online transfer. Apart from this, while closing your account, you should get all the debits linked to your account delinked. If this bank account of yours is linked for monthly loan EMI, then you should give a new account number to the person or institution giving the loan.
No closure charge on accounts older than one year
Generally, banks do not charge any charge for closing the savings account within 14 days of opening it. You may have to pay closure charges if the account is closed within a period of 14 days to 1 year. Banks generally do not charge any charges for closing an account older than one year.
Account can be closed like this
You have to visit the branch to close your account. Here you have to fill the account closure form. Along with this form, you also have to submit the de-linking form. Along with this, you also have to deposit your check book, credit card and debit card in the bank.
