It’s not as easy as it sounds. You’ll need to go into the bank, and present a form of identification such as your driver’s license or passport. Once you’ve done that, they’ll ask for your account number and PIN number. Once you’ve given those to them, they will lock down your account by changing your PIN number and closing the account.
Yes, you can close your bank account online. You will need to go to the bank’s website or use their mobile app.
Axis Bank has a procedure for closing bank accounts, and it can take up to 3-5 business days. Yandex Money Transfer as of now does not have a procedure for closing bank accounts, and it may take up to three days to process a request.
No it’s not bad to close a bank account. It might make sense because you don’t use the account anymore or you have too many accounts with the same bank.
Closing a bank account is free. The only cost would be if you have an overdraft or an outstanding balance on the account.
Yes, you can close a bank account at any branch. You will need to bring your bank card and identification with you when visiting the branch.
You can close your account by logging into your bank’s website, selecting the “Close Account” option, and following the prompts.
Axis Bank requires a minimum balance of Rs. 250 for savings account and Rs. 500 for current account to be maintained in order to avoid any charges, as well as an additional fee if the balance falls below this amount and there is no transaction on the account within the specified period.
