How to close SBI Bank account online? (2023)

How to close SBI Bank account online? with this step-by-step guide”

A state bank is a financial organization owned and run by the state government. State banks are often founded to provide banking and financial services to the residents of a specific state, with a focus on assisting local economic growth.

They provide a variety of financial services, such as savings and checking accounts, loans, mortgages, and other financial goods. State banks’ specific products and regulations may differ from one another.

Banks follow the guidelines established by the Reserve Bank of India (RBI). If you are dissatisfied with the financial services offered, How to close SBI Bank account online.

Some banks may charge interest for the term of account closure, while others may not. SBI, the country’s largest lender, has waived account closure fees.

You cannot, however, terminate your SBI bank account online. To shut an SBI Bank Account, the customer must go to the SBI home branch where the account was established.

We will show you how to shut an SBI bank account without visiting the bank or how to close an SBI bank account online in this post.

Things to remember when closing SBI Bank account

How to close SBI Bank account online? (2023), keep the following points in mind:

• Make that there are no ongoing transactions or unpaid amounts on the account, such as outstanding loans, credit card bills, or overdrafts.
• Follow the proper procedure for closing the account, which may involve visiting a branch or using internet banking.
• Make sure you have all of the relevant information on hand, such as your account number, customer ID, and contact information.
• Notify everyone who may be doing business with your account, such as your employer or utility company, of the account closure.
• Wait for the bank to confirm that the account has been closed and that any remaining amount has been transferred to the account you provided.
• Keep a copy of the confirmation for your records and future use.

By following these procedures, you may assure a quick and easy closure of your SBI account.

How To Close SBI Bank Account Online

Unfortunately, closing an SBI bank account online or without visiting a bank branch is not possible. As a result, the only thing you can do from home to cancel your bank account is to download the SBI account closure form.

Article	SBI Bank Account Closing Form
Bank	State Bank of India
Beneficiary	SBI Bank Customers
Language	English
Form PDF Download	Download

How to close SBI Bank account

Here is the complete step-by-step “How to close SBI Bank Account” procedure for closing your SBI bank account. You can, however, obtain this form from a nearby SBI branch. To complete the overall process, follow the steps given below:

• Download the account closing form: Get the Account Closure Request Form, or CDSL, from the SBI bank branch closest to you. The bank executive will deliver it to you. or use the online SBI account closing form.
• Fill the SBI account closure form: Fill out the account closing form with the requested information. In the form, you may also be requested to write the reason for closing the account.
• Withdraw the account balance: It gives you the option (Cash, Cheque, DD) of transferring the remaining funds in your bank account to other accounts. Fill out the form with your choice.
• Return chequebook, passbook, and debit card: When closing an account with SBI, account holders should surrender their chequebook, including any unused cheques, to the relevant bank branch. They should also surrender their passbook and any active debit card used for withdrawals from ATMs or point-of-sale transactions.
• Submit KYC Documents: Some branches may need identification and address verification before closing your SBI account. Please submit these papers to prove your identity as the account holder. If your account is successfully closed, you will be notified through email and SMS to your registered contact information. If you have any problems cancelling your SBI account, please contact their customer service department at 1800112211.”

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What is SBI Bank Account Closing Charge?

Some banks may charge fees to close an account in order to collect the costs associated with account opening services such as chequebook issuance and SBI debit card issue. However, the State Bank of India recently reduced account closing fees for accounts older than a year.”

SBI waives all costs for account cancellations within 14 days after account opening for any reason. Closures between 15 days and one year after opening, however, will incur a fee of Rs 500 + GST.

Duration	Charges
Up to 14 days after the opening of account	No Charges
Beyond 14 days and up to one year of opening of account	Rs 500 + GST
After one year of opening of account	No Charges
Closing of Basic Savings Bank Deposit (BSBD) accounts	No Charges

SBI Account Close Application

You have the option of visiting a branch and requesting account closure in addition to cancelling your SBI bank account online. Simply make a written request in the format required and deliver it to the branch representative. Your request to close your account will be handled quickly.

[Your Name]
[Address]
[City, State, Pin Code]
[Email Address]
[Phone Number]

[Date]

The Branch Manager
[Name of Branch]
[Address of Branch]

Subject: Request for Closing Bank Account

Dear Sir/Madam,

I am writing this letter to request you to close my SBI bank account with the following details:

Account Holder Name: [Your Name]
Account Number: [Your Account Number]
Type of Account: [Savings/Current]
Branch Name: [Name of Branch]

I have been a customer of SBI for [number of years]. However, due to [reason for closing the account], I have decided to close my bank account.

I request you to kindly arrange to close my bank account and transfer the remaining balance, if any, to my [new bank name and account number]. I have already arranged to close all automatic payments and direct deposits linked to this account.

I have also returned my SBI debit card, passbook, and chequebook to the branch.

Thank you for your time and assistance in this matter. I look forward to your prompt response and the successful closure of my SBI bank account.

Sincerely,
[Your Name]