Canara Bank is an Indian public-sector bank founded in July 1906 in Mangalore. The bank offers a range of products and services, such as savings and current bank accounts, internet banking, fixed deposits and more. However, there can be reasons that can lead to the closure of your canara bank account. In this article, we will help you close your Canara Bank account.
When you want to close your Canara bank account, you may have to pay some charges to the bank. Hence, you must know the charges before you submit the application for closing the account in Canara Bank.
The following table highlights the closing charges of the Canara Bank’s savings account:
Savings Account Closure Time | Account Closure Charges |
Within the first 14 days of opening the account | NIL |
Beyond 14 days and within a year | Rs. 200 + GST |
After one year of opening the bank account | Rs. 100 + GST |
The following table represents the closing charges of Canara Bank's current account:
Current Account Closure Time | Account Closure Charges |
Within the first 14 days of opening the account | NIL |
Beyond 14 days and within a year | Rs. 750 + GST |
After one year of opening the bank account | Rs. 375 + GST |
Account holders must obtain the account closure application form from the home branch to close the Canara bank current account. Once you receive the form, you must fill the form and submit it to the bank along with account-related documents such as ATM/debit cards, chequebooks (unused), passbooks, etc.
Currently, you cannot close the Canara Bank account online. To close your Canara Bank account, you must visit the bank branch where you have an account and ask for the account closure form from the bank officials. Once you get the form, you must fill it out and submit your documents to close your Canara Bank account.
Follow the below steps to close an account in Canara Bank:
Step 1: Collect all your KYC documents, unused chequebook, bank passbook and debit card.
Step 2: Visit the Canara Bank bank and ask the officials for an account closure form.
Step 3: Fill out the form, attach all the documents with it and submit it to the home branch.
Step 4: The officials may verify your documents for identity purposes.
Step 5: Once the bank successfully verifies the documents, they may call you to authenticate your request to close the Canara Bank account.
Step 6: Confirm your decision on the call, and the bank will close your account within a few days.
Unfortunately, there is no service available at the moment through which you will be able to close your Canara Bank account without visiting the branch. You must visit Canara Bank branch in person where you have an account, obtain the account closure form and fill it out. Then, you will have to submit the form and the necessary documents by visiting the bank branch in person.
There is no service provided by Canara Bank through which you can opt for your account closure via net banking. Instead, you need to visit the bank in person, obtain the account closure form and submit it to the bank along with the required documents.
Overall, it is significant to understand how to close a Canara Bank account as it helps you seamlessly close your bank account. You can follow the outlined steps above to close your Canara Bank account. Nevertheless, if you face any issues while closing the bank account, you must contact the bank via customer care number or visit in person.
Canara Bank is an Indian public-sector bank offering various banking services. Closing charges are applicable based on the account type and closure time. Closure process involves visiting the bank, obtaining and filling an account closure form with necessary documents. It is essential to follow the outlined steps for a smooth closure. No online or Net Banking closure options are currently available. Contact customer service for assistance if needed.