Application For Closing Bank Account Letter

Application For Closing Bank Account Letter

When writing an application to close a bank account, it's crucial to maintain clarity and politeness. Clearly state the reason for the closure and provide all necessary account details. Enclose any required documents with the application and request prompt action. Avoid ambiguous language and ensure all details are accurately provided for smooth processing.

Table of Contents:

Request Letter for Closure of Bank Account

To,
The Branch Manager,
____________ (Name of the bank),
____________ (Branch Address)

Subject- Closure of the bank account (Bank Account number)

Respected sir,

I am writing this letter to request you for the closure of my OD account as I am unable to operate this account due to some unavoidable reasons. I am ready to proceed with all of the required formalities for the same.

Following are my account details:
Account holder’s name: ____________
Account number: ____________
Name of the Branch: ____________
IFSC code: ____________

I hereby request you to transfer all the balance amount using NEFT to my another account at the earliest with details given below.
Details of the account are mentioned below:
Account holder’s name: ____________
Account number: ____________
Name of the Branch: ____________
IFSC code: ____________

As per bank requirement, I am enclosing ___________ (Account closure form, KYC, other documents if applicable) with the application. Kindly, get my account closed at the earliest as I am in urgent need of money.

Thanking you,

Kind regards,

____________ (Name)
____________ (Address),

____________ (Signature),
____________ (Contact Number)

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FAQs

  • Q1: How can I request the closure of my bank account?
    • A1: You can request the closure of your bank account by writing a formal letter to the branch manager, stating your account details and reason for closure, and enclosing any required documents.
  • Q2: What details should I include in the letter for closing my bank account?
    • A2: Include your account holder's name, account number, branch name, and IFSC code in the letter. Also, mention your reason for closure and provide details of the account where you want the remaining balance transferred.
  • Q3: How should I submit the request for closing my bank account?
    • A3: You can submit your request for closing your bank account by visiting the bank branch in person or sending the letter via registered mail to ensure its receipt.
  • Q4: What documents do I need to enclose with the letter for closing my bank account?
    • A4: Enclose documents such as an account closure form, KYC documents, and any other forms required by the bank for processing the account closure.
  • Q5: How long does it take for a bank to process the closure of a bank account?
    • A5: The processing time for closing a bank account varies depending on the bank's policies and procedures. It may take a few days to several weeks for the closure to be processed, especially if there are any outstanding transactions or requirements to fulfill.

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