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:
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.
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:
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.
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.
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
ICICI Bank requires a minimum monthly balance for savings accounts. Closing an account involves visiting the branch, filling out a closure form, and returning cards/documents. Closure charges vary based on timeframe. Closing an ICICI account can be done offline but not online. For closing accounts from abroad, follow specific steps. After death, closure requires necessary documents and proof.