Urban Money

All-Inclusive Guide: How to Close an Axis Bank Account

There are various reasons why an individual would want to shift or close their current bank account. These reasons could include a move abroad or perhaps even shifting banks to avail better services. If you are in the thinking of closing your Axis Bank account and are searching for a quick method to do so, this piece pertains to the necessary steps required to achieve the same.

How to Close an Axis Bank Account?

To close your Axis Bank Account, follow the steps outlined below. Currently, there is no such way to facilitate Axis Bank account closure online. You have to visit the bank for some closing formalities:

Withdraw the Balance Amount from your Savings Account

A withdrawal can be made in cash, in the form of a check or DD, or the amount can be transferred to another bank account during the account closure process. 

Fill up the Account Closure Form of Axis Bank

The first step to closing your bank account is to fill out an Account Closure Form. You can download it from the bank's website or visit your home branch, get the account closure form and fill it up appropriately. 

Surrender Balance Cheque Leaves, Debit Card, and Passbook to your Bank Branch

You must surrender your Balance Cheque Leaves, if any, Debit Card and Passbook. Your account closure application is taken for processing only after you have submitted all these items.

Note: The bank executive may provide a reference slip during the Axis Bank account closure procedure. If you follow the above steps, you will be able to close your bank account in a hassle-free manner. Banks generally send an email or SMS on your registered email id, and mobile number after your account is closed.

Things To Consider Before Closing Axis Bank Account

Before closing your Axis Bank account, there are a few things you need to take into consideration. 

First, you must ensure that all your account balances have been paid off. You also need to cancel any automatic payments or direct deposits you have set up with the bank. Next, you'll need to contact customer service to let them know that you're closing your account and to arrange for any final payments. 

Finally, you need to close any other accounts linked to your Axis Bank account, such as a savings account or a credit card. Once you have taken care of all these things, you can close your account by visiting your nearest Axis Bank branch or calling customer service.

How to Download Axis Bank Closure Form?

To close your Axis Bank account, whether salary or savings account,  you must fill out a closure form. This form is available on the Axis Bank website.

Once you have the form, you must fill it with the required information and return it to your nearest Axis Bank branch. You'll need to provide your account number, the reason for closing the account, and your signature. Once the form is processed, your account will be closed, and any remaining funds will be transferred to your designated account.

How To Close an Axis Bank Demat Account Online?

If you're an Axis Bank customer and want to close your Demat Account, you can do so online by following the below instructions. 

Step 1: Visit the official website of Axis Direct.

Step 2: Click on the 'Login' button on the top right corner of your screen

Step 3: Enter your username, password, and date of birth, and select the landing page. Click on login.

Step 4: You will be redirected to a new page; scroll down and click on 'Request Account Closure.'

Step 5: Enter your PAN number on the next page and click on 'Submit'.

Step 6: Next, fill in the application form on the screen and click on 'Proceed to ESIGN'.

Step 7: Next, enter your VID/ Aadhaar details and tap on the check box. Now, click on 'Send OTP.'

Step 8: Enter the OTP sent to your registered mobile number and click on 'Verify OTP'

Step 9: An acknowledgement will be displayed on the successful closure of your DEMAT Account.

How to Close an Axis Bank Account With Negative Balance?

If your Axis Bank account has a negative balance, you can close the Account by following these steps: 

  1. First, you must bring the account balance to zero. You can do this by depositing to cover the negative balance or requesting a waiver from the bank.
  2. Once the account balance is zero, you can close the account by visiting your nearest Axis Bank branch and requesting the account be closed.
  3. You will need to provide the bank with the specified information. The bank may also require you to give a reason for closing the Account. 
  4. Once the account is closed, you will no longer be able to use it to make transactions or access your funds. If you have any questions, contact Axis Bank customer service for assistance.

How to Close an Axis Bank ASAP Account? 

If you need to close your Axis Bank ASAP account, you'll need to visit a branch in person and submit an application requesting the account be closed. You'll need to bring your ID and any other documents required by the bank. Once your account is closed, you'll need to withdraw any remaining funds and close any outstanding credit lines associated with the Account.

How To Close an Axis Bank Salary Account?

If you have an Axis Bank salary account and you wish to close it, you can follow the steps below:

Step 1: Visit your nearest Axis Bank branch and request an account closure form.

Step 2: Fill in the form with the required details and submit it to the bank representative.

Step 3: The bank will process your request and close your Account. 

How Much are Axis Bank Account Closing Charges?

If you want to close your Axis Bank account, the bank charges different fees depending on the type of account and the reason for closing it. 

Criteria Fees Charged
Axis Bank Savings Account Closing Charges INR 500
Axis Bank Current Account Closing Charges
  • Less than 14 days - N/A
  • 14 days and above - INR 500
Axis Bank Demat Account Closing Charges N/A
Axis Bank Salary Account Closing Charges INR 500
Related Resource
All-Inclusive Guide to Get Axis Bank Mini Statement
Axis Bank Timings and Working Hours

FAQ's About Axis Bank Account Closure

Where can I get the Axis Bank Account Closure Form?

You can get the Axis Bank account closure form by clicking on this link – Savings/Current Account Closure Form

Can I Close My Axis Bank Account Online itself?

It is not only Axis Bank but nearly all banks (except a few) that do not allow you to close an account online. 

For account closure, you must bring your passbook, chequebook, and debit card to your home branch along with the form.

How To Close an Axis Bank Account Without Going To The Bank?

There is no way wherein you can close your Axis Bank account without going to the bank.

Can I Close The Axis Bank Account Through The App?

The Axis Bank App, just like other bank applications, allows you to make basic banking tasks; namely, Fund Transfers, Open FDs and RDs, payment of bills, applying for credit cards and loans, and downloading statements, to name a few. But, you cannot close your bank account. For Axis Bank account closure, you must visit the nearest branch.