How To Close SBI Savings Accounts Online And Offline?

There could be various reasons for closing your SBI bank account. You may opt to close your SBI account due to dissatisfaction with banking services, financial products, or policies or if you are relocating. If you have an SBI savings account that is not in use, closing it is a wise choice to avoid unnecessary charges like debit card fees, minimum balance charges, SMS charges, and more. 

Go through this guide to learn how to close an SBI account, whether online or offline, as well as the charges involved and other required details.   

SBI Account Closing Charges

The following table mentions the SBI account closing charges:

How to Close an SBI Savings Account Online?

Currently, you cannot close your SBI account online. Instead, you must visit your home branch, obtain the SBI account closure form, and fill it out accurately. Then, submit the account closure form to your home branch along with ID proofs and account items. 

You may need to clear your dues and pay closure fees, if any, before the bank processes your request. Usually, it takes about a week for the SBI bank to close the account after submission.

How to Close an SBI Savings Account Offline?

Here are the steps to close an SBI account offline:

Step 1: Visit the nearest SBI bank branch and get the account closure form.

Step 2: Complete the form by providing your details accurately and submit it at the branch.

Step 3: Attach copies of your identity proof, address proof, original chequebook, original deposit book, and ATM or debit cards.

Step 4: Pay any outstanding fees, if applicable.

The representatives of SBI will process your request and close the account within seven business days, considering the account type and age.

SBI Account Closure Form

You can get the SBI account closure form from the nearest SBI bank branch. Once you get the form, you need to fill it out, attach the necessary documents and submit it to the bank branch where you have an account. 

How to Close an SBI Account from Abroad?

You can close your SBI account while you are abroad. Follow the steps mentioned below to close the account:

Step 1: Reach out to the SBI branch where your account is held. Inform them about your decision to close the account through a call or email.

Step 2: Provide necessary documents to the SBI branch with a written request to close the account. These might include a copy of your passport, visa, 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 SBI branch regarding the successful closure of your account and the transfer of any remaining balance to your specified account.

You must keep in mind that the process for closing an SBI account from abroad may differ based on your location and the specific rules of the SBI branch. It's best to check with the branch directly for the exact steps and requirements.

How to Close an SBI Account After Death?

You can close an SBI account after the death of an account holder by submitting the claim settlement form. 

If you are the nominee, you can close the SBI account of the deceased person by submitting the following documents to the bank branch where the account was held:

• Claim settlement form in the standard format of the bank 
• Full details of the accounts of the deceased person
• Death certificate of the deceased account holder issued by the competent authority
• Nominee KYC (Know Your Customer) documents

If there is no nomination for the deceased person’s account, the legal heirs must submit the claim settlement form without legal representation to the bank along with the required documents. The claim settlement form without legal representation can also be downloaded from the SBI bank’s website.

The documents required for the closure of an account of a deceased person without a nomination are as follows:

• For a claim amount below Rs. 5 lakh:
  • Death certificate 
  • KYC documents of all legal heirs
  • Account details of the legal heirs, if available
  • Claim form duly filled and signed by the legal heirs, other than those who signed the disclaimer letter
  • Stamped letter of Indemnity from the legal heirs
  • Letter of disclaimer, if applicable
  • Declaration in the claim form signed by one independent person well known to the family of the deceased, any account holder of SBI known to the family of the deceased or any government official whose signature is verifiable by SBI
• For a claim amount above Rs. 5 lakh:
  • All documents required for a claim amount below Rs. 5 lakh (As listed above)
  • Declaration in the claim form has to be sworn as an Affidavit before the Notary Public or Judicial Magistrate by one independent person well known to the family of the deceased, any account holder of SBI known to the family of the deceased or any government official whose signature is verifiable by SBI
  • Surety, along with the stamped letter of Indemnity 
  • Details of Sureties along with proof for compilation of the Opinion Report on Sureties 

Documents Required to Close SBI Account

The following are the documents required to close the SBI account:

• SBI account closure request form
• Cheque book leaves
• Debit card
• Passbook
• Identity proof documents
• Address proof documents

After understanding how to close an SBI account, it is essential to proceed cautiously and ensure all necessary steps are followed accurately. Consider the timeframe and charges involved when opting for account closure. Once you have submitted the required documents and cleared any outstanding dues, the bank will process your request within a reasonable timeframe.

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1. How To Close HDFC Bank Account Online And Offline?
2. How to Close Axis Bank Account Online & Offline?

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