HDFC Bank, a leading financial institution, offers diverse services to its account holders. While opening an account simplifies your banking experience, you might decide to close it for various reasons. The process is straightforward and can be completed in a few steps.
Continue reading to understand how to close your HDFC Bank account permanently and the key factors to consider during the process.
Points to Remember Before Closing of the HDFC Bank Account
Following are some important points that you should remember when closing a HDFC Bank account:
- Unlink all the auto payments: Make sure you unlink all the autopayments connected with your existing HDFC Bank account. Otherwise, it can become challenging for you to make those payments after closing your account.
- Open a second bank account: To keep availing all your banking facilities, opening a new bank account before closing the existing one is essential. You can do so in the same bank or opt for a different one.
- Keep your bank statements: Even after you close your bank account, keeping your bank statements safe becomes a must. You might need them anytime to submit as income proof or use them for various financial purposes.
- Pay off all the outstanding dues: Make sure you pay off all the outstanding loans or dues associated with your bank account. Otherwise, you will not get the approval to close your bank account.
- Arrange for the necessary papers: When closing your bank account, you must submit certain documents such as KYC documents, credit cards, chequebooks, debit cards, etc. Only then can you complete the account closing procedure.
Once you are aware of these points, you can proceed with closing your HDFC Bank account in a hassle-free way.
HDFC Bank Account Closure
There can be several reasons for account holders to close their bank accounts. These reasons include:
- Presence of multiple bank accounts: If a person has numerous bank accounts, they can close one account to manage finances easily.
- Poor customer service experience: Many times, account holders are unsatisfied with the services and benefits despite round-the-clock customer support. Thus, they choose to close their account.
- Excess charges on transactions: Charges associated with financial transactions can, at times, become excessive, making it challenging for you to pay the money.
- Inability to maintain minimum balance: HDFC Bank makes it mandatory for account holders to maintain a minimum balance. This can become difficult for people.
- Relocation of account holders: If a person decides to relocate to any other country, they can close their bank accounts to avoid paying additional charges.
HDFC Account Closing Form Download
You can download the ‘HDFC Account Closure Form’ from the HDFC Bank website. Once you have downloaded and filled out the form, you can proceed with closing your bank account.
HDFC Bank Account Close Online
The HDFC Bank account closure process requires a visit to the bank's physical branch, as there is no online option available. To begin, download the account closure form from the HDFC Bank website, fill it out, and visit your nearest branch to complete the procedure.
HDFC Bank Account Close Offline
Below are some simple steps that you can follow to close your HDFC Bank account offline:
- Step 1: Visit the official website of HDFC Bank.
- Step 2: Download the account closure form.
- Step 3: Fill it up with all the accurate details.
- Step 4: Visit your nearest bank branch along with the form.
- Step 5: Submit all the documents and initiate the procedure.
Permanently Closing Your HDFC Bank Account
You can close your HDFC Bank account permanently, in case you have made up your mind to never open it again. Here are some steps that you can follow to close your HDFC Bank account permanently:
- Step 1: Withdraw the entire sum of money present in your bank account.
- Step 2: Download the account closure form from the official HDFC website.
- Step 3: Fill up the form with all the accurate details in capital letters in the boxes.
- Step 4: Visit your nearest bank branch along with the form. Also, carry the required papers.
- Step 5: Submit all the papers and forms to initiate the account closing procedure.
How to Close HDFC Bank Account Online with a Negative Balance?
You can close your HDFC Bank account without much hassle, even if you have a negative balance in your bank account. Below are the steps that you need to follow to close your HDFC Bank account with a negative balance:
- Step 1: Make the required payments so that the negative account balance becomes zero.
- Step 2: Download the account closure form and fill it up with all the essential details.
- Step 3: Visit your nearest HDFC Bank with the application form and relevant documents.
- Step 4: Submit all the papers to the representatives to complete the process.
Understanding the account closure process at HDFC Bank helps ensure a smooth experience. Besides the procedure, check if there are any additional charges involved. Being informed about all aspects of closing your HDFC account will make the process faster and hassle-free.
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Frequently Asked Questions
No, you cannot close your HDFC Bank account online. All you can do is download the form from the official website. Then, fill it out and submit it to the bank branch to complete the account closing procedure.
You will not have to pay any amount if you close the account within 14 days of opening it or after 12 months of opening the account. However, you must pay Rs.1,000 upon closing the account between 15 days and 6 months and Rs.500 upon closing the account between 6 months to 12 months.
To permanently close your bank account, first withdraw the entire sum. Then, download the account closure form from the official website, fill it out and submit it to the bank branch along with all the important documents.
To unblock your HDFC Bank account, you can visit the bank branch and talk to the representatives. You can even contact the bank’s customer support. All you will need to do is provide documents like a PAN card, passport, or Aadhaar card.
You can check if your HDFC Bank account is closed or not in different ways. You can check the bank account status using the mobile banking app, call HDFC customer care or even visit your nearest HDFC Bank branch.
You will need to pay an amount between Rs.150 and Rs.600 for not maintaining the minimum balance. The fee is calculated as 6% of the deficit amount from the minimum required amount.
Yes, you have the complete flexibility to close your HDFC Bank account before completing one year. However, you will need to pay a minimal charge when closing your HDFC Bank account before 12 months.
HDFC Bank does not allow you to convert your savings account to a zero-balance account. However, you can open a Basic Savings Bank Deposit (BSBDA) account, where you will not have to deposit a minimum balance.
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