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.
The following table highlights the account closure charges for different types of ICICI Bank accounts:
Timeframe for Account Closure | Charges |
Within 30 days of account opening | NIL |
Between 31 days to 1 year | Rs. 500 |
After 1 year of account opening | NIL |
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.
Here is how to close your ICICI Bank account offline:
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.
You can close an ICICI bank account from abroad by following these steps:
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.
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.
Below is the process to close an ICICI account after the death of the account holder:
To make sure closing your account goes smoothly, make sure you have these documents ready:
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.
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ICICI Bank requires maintaining a minimum monthly balance. Closing an account involves specific steps and charges. Users must visit a branch, fill a closure form, and return cards. Additional information includes closing accounts from abroad, after death, and required documents.