Closing Bank Account is generally not recommended until it’s very much required Instead you can transfer your account branch where you are moving. However, if you made your mind to close your bank account you need to write an application letter.
Many Banks provide account closure forms to their customers, in that case, you need not write a letter but if the form is not available, you need to write a letter.
In this particular article, we will learn how to write an application letter to close your Bank account. note that the letter should be officially addressed to the branch manager.
You can only close your bank account at your home branch where you have opened it unless you have transferred to another place.
Contents
Mandatory things to do before writing an application letter for closing your bank account
Bank Account closing letter format
Now that you have an idea how to write letter for closure of bank account. Lets see some real letter to the manager.
How to write bank account closing Application letter
We will see few bank account closing letter sample format for your convenience.
Sample Format 1
To,
The Branch Manager
Punjab National Bank
Tekari Branch
Tekari
Date – 10/05/2019
Subject – Application for closing bank account
Respected Sir/Madam
I would like to inform you that I have a saving account 5671234567897645 in your branch for the last 5 years. Due to some personal reason I want to close this account.
Kindly help me to close my account as soon as possible.
I shall be highly obliged to you for this. Along with this letter, I am surrendering my Passbook, Cheque Book, and Debit ATM card.
The closure balance can be paid in cash.
Bank Name – Punjab National Bank
Bank Account Number- 5671234567897645
IFSC Code – PUNB0987654
Thanking you.
Your Sincerely
Ranjit Kumar
| Read Also How to Deposit Cash in SBI ATM |
Sample Format 2
To,
The Manager
Punjab National Bank
Tekari branch
Tekari
Subject – Closure of Saving Bank Account Number – 5671234567897645
Sir/Madam
With due respect, I would like to inform you that I want to close my above-mentioned saving account number due to some personal circumstances. Along with this letter I am enclosing my Passbook, Cheque Book, and Debit ATM card.
For your reference, I am attaching here a copy of the address and identity proof. Kindly request you to close my account at the earliest.
The closure balance can be paid in cash or by cheque.
Bank Name – Punjab National Bank
Bank Account Number- 5671234567897645
IFSC Code – PUNB0987654
Date – 10 May 2019
Thanking you.
Yours faithfully
Ranjit Kumar
Conclusion
We have learned how to write an application letter to close bank account. you can use any sample to write letter in a professional way.
If you have any question regarding this information do ask in the below comment section. I will be happy to answer.
FAQs
1: How long it will take to close a bank account after submitting account closure request?
It will take generally 5 to 7 working days.
2: Should I use my account after writing bank account close application?
Do not use your account once you submit the letter to close your bank account. due to any issue in the bank account closure may be delayed. Please check with your bank once it passes the period.
3: Is there any specific things I should do before closing my Saving bank account?
Yes ,go through the below important points.
- Keep a bank statement as a back up for at least last 12 months.it will help you later to check your transaction.
- If there is any Auto Debit facility stop or deactivate it like loan deduction, or any policy.
- Check your Bank balance before the final closure of your bank account. if there is any amount left withdraw it. if not mention in the letter to pay by either cash or cheque.
- Make sure to de-link cards from everywhere like from UPI, an e-commerce app, or any other website.
4: How I will know If my savings account is closed?
An SMS and an email will be sent to your registered mobile and email ID.
