How to close ICICI bank account ?

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Short Answer

Do you have any thoughts of closing your ICICI Bank account? The procedure for cancelling a bank account might be a little difficult, whether you're shifting or changing to a new bank. To make the process of closing an ICICI Bank account as easy as possible by guiding you through it.

Detailed Answer

Opening a bank account can be a straightforward process if you have all the necessary information and documents.

Process to Open ICICI Bank Account

Here is a step-by-step guide to help you close your ICICI Bank account:

1. Gather necessary documents -

You must have the necessary documents on ready before closing your ICICI Bank account: a copy of your PAN card, a copy of your address proof, and your ICICI Bank account number (such as a utility bill or passport).

2. Submit a written request -

You can submit a written request to close your ICICI Bank account by visiting the nearest ICICI Bank branch or by mailing a request to the bank's head office. In the written request, you will need to provide your account details, the reason for closing the account, and your contact information.

3. Clear outstanding balance -

Before your ICICI Bank account can be closed, you will need to clear any outstanding balance in the account. This includes any outstanding loan or credit card balances, as well as any unpaid fees or charges.

4. Close any linked accounts or services -

If you have any linked accounts or services, such as a savings account or a fixed deposit, you will need to close them separately. You will also need to inform the bank if you have any recurring transactions like ECS or standing instructions linked to your account.

5. Wait for account closure confirmation -

Once your written request and necessary documents have been received and processed, ICICI Bank will send you a confirmation of account closure. Its a process of 7-10 days. Its almost done within this span of time.

6. Collect your account balance and other important documents-

Once the account is closed, you will need to collect the balance and other important documents like the account closure letter, passbook and cheque book.

ICICI Bank Account

It's important to note that while following the above steps, you should also check if there are any other charges associated with closing the ICICI bank account. Some banks may charge a fee for account closure. Also, you should keep the account closure letter and other important documents safe for future reference

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Categories: Finance
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