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How to Close an ICICI Bank Savings Account Online & Offline?

By Adnan Ali

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Updated on: Jul 4th, 2024

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4 min read

An ICICI Bank requires you to maintain a minimum monthly balance for savings accounts, depending on the type of savings account. However, the bank will charge you if you cannot maintain the minimum balance. Maintaining it for a long time might become troublesome for you as a customer. Furthermore, if you have more than one bank account with ICICI Bank, then you can close your additional accounts to simplify your banking. 

Closing your ICICI Bank account is easy, but you need to follow the right steps to avoid extra charges. Go through this article to learn how to close ICICI Bank accounts online and offline. Moreover, this article also provides the account closure charges involved and other crucial associated details.

ICICI Bank Account Closing Charges

The following table highlights the account closure charges for different types of ICICI Bank accounts:

Timeframe for Account ClosureCharges
Within 30 days of account openingNIL
Between 31 days to 1 yearRs. 500
After 1 year of account openingNIL

How to Close an ICICI Account Online?

Currently, there is no option to close an ICICI Bank account online. Just like many other banks in India, ICICI Bank does not provide an online method for customers to close their accounts. You will need to visit a branch to close your account.

How to Close an ICICI Account Offline?

Here is how to close your ICICI Bank account offline:

  • Step 1: Visit the ICICI Bank branch where you have an account and get an account closure form.
  • Step 2: Complete the ICICI Bank account closure form carefully by providing all your details, including your full name, account number, registered mobile number, etc.
  • Step 3: Attach the required documents, such as your PAN card, Aadhaar card, and chequebook, with the closure form.
  • Step 4: Withdraw the remaining balance from your ICICI bank account and make sure it's zero.
  • Step 5: Return your bank passbook, debit card, and credit card to the ICICI bank officials and collect an acknowledgement receipt.
  • Step 6: Next, you have to wait for the confirmation that your account is permanently closed.

How to Close an ICICI Bank Account From iMobile?

Even though ICICI Bank has its own personalised mobile app, iMobile, for the convenience of its customers, it does not offer services to close your account online. Hence, to close your Axis Bank account, you need to visit the bank in person and submit a duly filled account closure form along with the required documents.

How to Close an ICICI Account From Abroad?

You can close an ICICI bank account from abroad by following these steps:

  • Step 1: Reach out to the ICICI Bank branch where you have an account and inform them about your decision to close it.
  • Step 2: Provide necessary documents to the ICICI branch with a written request to close the account. These might include a copy of your passport and proof of address.
  • Step 3: Clear any outstanding transactions and pay all dues before initiating the account closure.
  • Step 4: Wait for confirmation from the ICICI branch regarding the successful closure of your account.

You must keep in mind that the process for closing an ICICI Bank account from abroad may differ based on your location and the specific rules of the ICICI branch. Thus, it is best to check with the branch directly for the exact steps and requirements.

ICICI Bank NRI Account Closure Form

You can find the ICICI Bank account closure form for NRI on the official ICICI Bank website. To close your bank account, you can download the form, take its printout, fill it out, and attach the required documents. Then, submit the form to the nearest ICICI Bank branch.

How to Close an ICICI Account After Death?

Below is the process to close an ICICI account after the death of the account holder:

  • In case of joint holding:
    • The surviving account holder needs to submit an application informing the bank of the account holder's death.
    • Provide a photocopy of the death certificate and request letter.
    • The bank will remove the deceased person's name from the account.
    • If a surviving account holder does not wish to continue, they can request an account closure.
  • In case of nomination present:
    • The nominee must submit an application notifying the bank about the account holder's demise.
    • They need to provide their KYC proof documents, photocopy of the death certificate and request letter.
    • The bank verifies the nominee’s details.
    • When the nominee’s identity is confirmed, the bank will transfer the proceeds to them.
  • In case the nomination is not mentioned:
    • The claimants (legal heirs) need to submit an application stating the account holder's death.
    • They need to provide their KYC documents, a photocopy of the death certificate, an Affidavit signed by all the claimants (when the claim amount is above Rs. 3 lakh) and a succession certificate (when the claim amount is above Rs.25 lakh).
    • After verifying the documents, the proceeds will be given to the claimants.
  • When there is no claimant or legal heir:
    • In case there is no claimant, the bank will transfer the account to a dormant account.
    • If a claimant (legal heir) later contacts the bank, they must submit an application with the death certificate and relevant documents.
    • The bank verifies the submitted documents.
    • If they are satisfied, the bank will give the proceeds to the claimant (legal heir).

Documents Required to Close ICICI Account

To make sure closing your account goes smoothly, make sure you have these documents ready:

  • ICICI bank account closing form
  • Identity proof - Aadhar card, PAN card, or passport.
  • Address proof - Utility bills or rental agreement.
  • Unused Cheques and Debit Card - Return any cheques you haven't used and your ICICI Bank debit card.

Closing an ICICI Bank account involves a few simple steps. Start by withdrawing any remaining funds and stopping any auto-debits linked to the account. Then, complete the account closure form at a nearby branch. Make sure to return all relevant cards and paperwork to the bank. By following these instructions, you can close your ICICI Bank account properly and be aware of any potential fees.

Other Articles:
1. How To Close HDFC Bank Account Online And Offline?
2. How To Close SBI Savings Accounts Online And Offline?
3. How To Close Citibank Account
4. How To Close Bank of Baroda Account
5. How to Close Kotak Bank Account
6. How to Close PNB Account 
7. How to Close Canara Bank Account

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Frequently Asked Questions

How can I close my ICICI Bank account online?

You cannot close your ICICI Bank account online. The only way to close your account is to submit the closure form at a bank branch.

Are there any charges for closing the ICICI Bank account?

There are no charges involved if you close your ICICI account within 30 days of opening it. However, if you close it between 31 days and one year after opening, you will need to pay Rs. 500. After one year, there is no charge for closing your account.

What happens if we do not maintain a minimum balance in ICICI Bank?

If you fail to maintain the monthly average balance (MAB) in your ICICI Bank account, you will incur service fees. The penalty will be 6% of the shortfall or Rs. 500, whichever is lower.

How do I permanently close my ICICI bank account?

To permanently close your ICICI bank account, visit the ICICI Bank branch, fill out the account closure form, and return all relevant documents and cards to the bank.

Can I close the ICICI Bank account from any branch?

No, you cannot close your ICICI bank account from just any branch. You have to go to the branch where you opened the account to close it and send the account closure form and documents to that specific branch.

Is it fine to close a bank account?

Yes, it is fine to close an ICICI bank account if you no longer need it or want to switch to another bank. Closing a bank account helps you to prevent fraud, simplify your finances, and save money on annual fees.

How much does ICICI charge for not maintaining balance?

ICICI Bank charges a penalty of 6% of the shortfall or Rs 500, whichever is lower, for not maintaining the minimum balance in the ICICI account.

Can I reopen my closed ICICI Bank account?

No, it is not possible to open a closed account in ICICI Bank. When you close your ICICI bank account, it is deactivated permanently, and you cannot reactivate it again.

How to close an ICICI bank account without visiting the branch?

Closing an ICICI Bank account without visiting the branch is not possible. You must visit the ICICI Bank branch where you have an account, to initiate the closure process and submit the necessary documents and forms.

About the Author

I am a curious person, and Finance is at the top of my list of interests. With more than 5 years of experience in fintech, I am an expert in lending, investment and personal finance. I believe the Devil lies in details, so I dig a lot before writing anything and armed my writing pieces with figures and facts. Read more

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