How to Close HDFC Bank Account: Step by Step Process
As per the government's new guidelines, bank account holders are required to maintain a minimum account balance. For urban centres, the amount is set at Rs 5,000; for rural areas, the amount is determined at Rs 3,000. If the account holder fails to maintain a minimum balance, they will have to bear the penalty.
HDFC Bank Account Closure
The HDFC bank provides excellent customer care services and financial products. Still, if an account holder has multiple accounts with the bank, they might find it hard to maintain and honour the minimum account balance requirement. The account holder might have to close an HDFC Bank account to keep the management precise and simple. The procedure to close an HDFC bank account is hassle-free and straightforward. The bank has established the following steps so the account holder can conveniently close an HDFC Bank account.
How to Close HDFC Bank Account Online
The procedure to close an HDFC Bank account online cannot be implemented online. However, the account holder interested in terminating the account must download the form concerning the account closure. Once they have downloaded and filled the form with all required information, they must visit the nearest HDFC branch to conclude the process. The account holder does not need to visit the home branch to close an HDFC Bank account.
|Form||HDFC Bank Account Closure Form|
How to close HDFC Bank Account Permanently
The procedure to close an HDFC bank account is straightforward and not very extensive or time-consuming. You can refer to the below-mentioned steps to permanently close the HDFC bank account.
STEP 1: HDFC Bank Account Balance Withdrawal,
The account holder, should withdraw all the fund balance before commencing the bank account closure process. The account holder can transfer their fund balance to another account through diverse platforms such as IMPS, NEFT, RTGS, or UPI.
STEP 2: HDFC Bank Closure Form Download
The account holder must download the bank closure form from the official website of HDFC Bank.
After accurately filling in all the required details, the applicant should collect the form and take it to the nearest HDFC Branch. If an individual wants to collect the form offline, they must visit the nearest bank branch and commence their closure request.
STEP 3: KYC Documents Attachment
Along with the filled form, the account holder must also attach a photocopy of the KYC documents such as a PAN card, Aadhaar Card, or voter ID card. To authenticate their proof of identity and address. There is the possibility that they might have to self-attest those documents, too, if required.
STEP 4: Submission of Cheque Book, Debit cards, and Bank Passbook
The account holder will be obliged to submit the cheque book and the passbook issued to them along with the form and KYC documents. It is also advised that the account holder must carry original Identity proof with them in person, as the branch might need it for verification purposes.
STEP 5: HDFC Bank Account closure Acknowledgement Receipt
Post the form submission and successful verification, the branch executive of the HDFC Bank will issue an acknowledgement receipt of the request. The HDFC bank account will be closed in a window of 10 days.
Points to Remember Before Closing of the HDFC Bank Account
There are some Important points to remember before closing the HDFC bank account, such as:
Open a New Bank Account Beforehand
In case the account holder doesn’t possess multiple accounts. They are advised to open a new bank account with the bank to ensure they have a place to park their deposits. An individual must hold at least one bank account at a time as it is a requirement in many application processes for passports, and loans, to name a few.
Debit Card Auto Payment Delinking
Account holders must de-link their auto payments on their old debit cards. They should also remember to de-link the bank account they’re about to close from the UPI- based mobile applications.
Back-up of Bank Statements
The account holder must also make a backup of all the bank statements in the account. There are many places where they might be required to produce bank statements, and they wouldn't be able to access them after closing the account.
HDFC Account Closing Form Download
The procedure to download HDFC Account closure form online is as follows:
STEP 1: Mention HDFC Bank account closure in the search engine.
STEP 2: Click on the “HDFC Bank closure Form”.
STEP 3: You will find the HDFC Bank account closing form in PDF format.
STEP 4: Select the download option to obtain the HDFC Bank account closing form.
Download HDFC Bank account Closure form Now!
How to Close HDFC Bank Account Online with Negative Balance
The account holder cannot close an HDFC Bank account online if they have a negative balance. The account balance should be zero to commence the account closure procedure. The individual can do the same by transferring the negative balance amount to their respective bank account, after which the account holder can start downloading the account closure form online.
However, it is to be noted that the account holder would be required to visit the nearest branch with the form and all the relevant documents to conclude the HDFC bank account closure process.
How Can I Close My HDFC Bank Account Without Going To A Branch?
The account holder can download the HDFC Bank account closure form online and fill it with all the relevant details. But they’ll be required to visit the branch with the form and documents to close their bank account. The closure process cannot be completed online.
HDFC Bank Account Closing Charges
The charges applied to close an HDFC Bank account will be concerning the duration of the account. The charges applied to close an HDFC Bank account are as follows:
- No charges shall be levied from the account holder applying for closure within 14 days from the date of opening the account.
- In case the account holder has applied for closure after 14 days and before the first year. Then they’ll have to pay a fee of Rs 500 or account balance, whichever is lower. For senior citizens, the cost to bear is Rs 300.
- If the account holder wants to close an HDFC Bank account after one year, no account closing charges will be levied.
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HDFC Customer Care
The account holder with any queries or needs clarification regarding the account closure procedure can reach out to HDFC customer care. The account holder can contact the customer care number- 1800 202 6161 or 1860 267 6161. This number is accessible across India. The customer care executive of HDFC Bank will assist the customer in solving all the queries regarding the procedure to close an HDFC Bank account or any other banking-related questions.
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FAQ's About How to Close HDFC Bank Account
What Happens If The Minimum Balance Is Not Maintained In HDFC Bank account?
As per the government guidelines, if an HDFC bank account holder fails to maintain a minimum account balance, they will be obligated to pay a penalty fee. The penalty fee will be charged concerning the type of account.
Can I Close The HDFC Account Before 1 Year?
Yes, the account holder can close their HDFC Bank account within a year of opening it. However, they will have to pay charges for closing the account.
How Can I Change My HDFC Account To Zero Balance?
The account holder can avail of the option to open a zero balance account with the HDFC bank. However, it is to be noted that there are some limitations present concerning the transactions and operations.
HDFC Bank account close application charge?
The charges to close an HDFC Bank account concern the duration of the account. If the account is closed within 14 days of the opening. No charges should be levied. However, charges will be levied if the duration of the account is more than 14 days and less than a year.