5 Simple Steps to Close Axis Bank Account
Closing an account with any bank ends all the relationship with that particular bank. The reason may be anything for closure of account. In India, there are various banks present in the market, so if you find that some other bank is providing better services and personalization according to your needs, then you may choose to end your banking relationship with your current bank. Hence it is not always customer dissatisfaction for closing bank account. In this article we will guide you through the process of account closure of Axis bank in 5 simple steps.
5 Steps to Close Axis Bank account
Closing a bank account needs to be hassle free process. If a customer does not want to continue relationship with the bank, then bank must respect that and provide simplified account closing process. For Axis Bank, customer can follow these steps to close account
Step 1: Get all the documents ready
Gather all of your documents that are necessary to close your account. For Axis Bank, you will have to surrender below mentioned documents
1. Bank Passbook
2. Cheque Book
3. ATM – Debit Card
4. Credit Card if any etc.
Step 2: Download Axis Bank Account Closure form
Axis Bank provides simplified account closure form to their customers. Unlike other banks you don’t have to write any application letter requesting closure of bank account. You can visit the Axis Bank branch and ask for account closure form or you can download it from official website of Axis Bank or you may download it from here.
Step 3: Fill up the form
The account closure form is very simple, you can refer it below
Fill up the form properly with all the details. You may receive the outstanding balance in account by DD/PO or transfer to another Axis Bank account. Select your mode of preference by ticking the box. Make sure the signatures of all applicants are present on the form in case of current account. Also for company account, you should also submit a board resolution to bank.
Step 4: Surrender Documents
In any case you will have to submit all the banking products to your bank’s branch. This will ensure to erase all of the banking data with Axis Bank. You may request for your account statement of previous or current financial year for ITR filing purpose.
Step 5: Your account is closed successfully
With all the steps followed rightly, your Axis Bank account will be closed successfully. All of your services such as net banking will seize to exist.
Reasons for non closure of account
You won’t be able to close account in selected situations such as
1. You have not paid your debt completely
2. Your account has been put on hold by bank due to order of court, government institutions etc.