How to close PNB bank account online or offline in India? I opened an account a few years back that I want to close immediately. How to do it?
- Asked By
- Updated On:18-Mar-2024
- Replies:9
Short Answer
PNB accounts cannot be closed online. To close the account, go to the bank branch where you opened your bank account. Submit a duly filled and signed account closure form to the bank manager.
Detailed Answer
PNB, or Punjab National Bank, is the second-largest government-owned bank in India based on both network size and business volume. It offers a wide range of personal banking services, including credit cards, loans, and many others. PNB has over 13,000+ ATMs and more than 180 million customers.
Closing a bank account can happen because of the following reasons:
- You might want to open a new account in another bank.
- You are not happy with the services provided.
- The interest rate on savings is low.
- The account is no longer needed.
- Account was dormant for a longer period of time.
So if you've already opened a PNB account and want to close it, we'll show you how to do so in easy steps.
How to close PNB bank account online and offline in India?
To close the PNB bank account you have to keep in mind the following things:
The PNB account cannot be closed in online mode. The customers will have to visit the nearby branch where they have opened the account. Here is the step-by-step guide to closing it :
Step 1. Download the PNB account closure form from their website, or you can get it from the branch itself.
Step 2. Fill in all the details carefully. If the account is held by more than one person, then the name and signature of the other person are also required.
Step 3: Attach your passport, chequebook, and debit card, as well as one copy of your KYC documents.
Step 4. After that submit the form to the branch manager or office-in-charge.
Closing PNB Bank Account - Important points to remember
- Withdraw all the money before submitting the closure form.
- Carry one copy of each of your ID and KYC documents.
- Before closing the account, settle all outstanding balances.
- You will be asked to submit your cashbook, passbook, and debit card.
Does PNB charge a fee when an account is closed?
Yes, PNB charges a fee to close bank accounts. The fee depends on the time of opening.
1. No charges - if an account is closed within 14 days and after 12 months from the opening of the account.
- Accounts closed after 14 days but within 12 months of opening, the charges will be as follows:
- RD Account-Rs. 100/-
- Savings Bank account-Rs. 300/-
- Current Accounts-Rs. 600/-
Closing PNB bank account online and offline in India
PNB account can only be closed in person by visiting the bank branch. However, the bank also charges a closing fee if the account is closed after 14 days but before 12 months of the account opening.
Do you have any other query related to account closing? Ask any financial query for FREE and get quick answers from our FINTRAKK community members.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (8)
Close my account of pnb
Please mera acount band kade
Close SB a/c pnb
Kripya kar kar mera account band Karen
PNB has a hectic account closure process. Long queues at the bank can be avoided by making the closure process online. This article was helpful for explaining the account closure fees applicable for closing account within 12 months after opening.
Most of the banks offer account closure facilities online. But with PNB you need to visit their offline branch and then initiate the process. Make sure that you withdraw all your money before closing the account!
Public Provident Fund Scheme is a saving scheme that comes with tax benefits. Ministry of Finance introduced this scheme in the year 1968. The main objective of PPF is to encourage general people to mobilize their small savings. The interest offered on these schemes are not taxable. Precisely, PPF is an investment with non-taxable returns.
To close your Groww Demat account, go to your profile, click on "Help & Support," then type "I want to close Groww Demat account," then click on "Contact Us." From there, you can call or submit a ticket to the team, and they will assist you further.
A fixed deposit is one such financial instrument which will help you deposit a sum with a bank for a predetermined period of time and the bank pays an interest on that sum. In essence, it’s a way of lending money to a bank, the opposite of taking a loan. These are sometimes even referred to as bonds or term deposits.
The process to close a demat and trading account with Angel Broking stock broker is quite simple. Follow few easy steps, submit the account closure form and you will be done with the requirements.
Kotak bank account cannot be closed in online mode . The account can only be closed in offline mode by submitting the Kotak bank account closure form to the nearest Kotak Bank branch .
You need to download the account closure form available at Demat Account Closure Form and submit it at your nearest YSL branch. For the detailed process, read further.
You are required to fill up and submit a number of forms and documents via post to open a Zerodha account as an NRI. Continue reading and be informed.
You can choose any bank in India to open an account in, be it a private-sector bank or a public-sector bank. By the market share SBI, HDFC, and ICICI Bank are the three top banks that can be considered when looking at the largest banks in India.
The bank account can be opened both online and offline. You need to visit the bank branch or bank website and submit the account opening form. After successful verification, your account will be opened on the same day.
Kotak Securities demat account can be closed by sending a dully-filled demat account closure form to the nearest branch. Following the submission of the form, your account will be closed within 7 working days.
himanshubisht83341
Self