How To Close Central Bank Of India Account Online?

Closing our bank accounts can be one of our most pressing issues, especially if unfamiliar with the financial and banking systems. Often, we are unsure about who to dress address and the essential details to mention while preparing an application for the closure of a bank account. Furthermore, banks do not want to lose their precious consumers; therefore, they aim to keep the procedure as clean & simple as possible. If you’re going to close a CBI account, this post will guide you about ‘How to close Central Bank of India Account Online?‘

Article	Central Bank of India Account Closing Process
Bank	Central Bank of India (CBI)
Beneficiary	Central Bank of India Customers (CBI)
Language	English

The Central Bank of India (CBI) was established in 1911. It was the first commercial bank owned and operated by Indians. CBI currently has an extensive network of 4695 branches, four extension counters, and 29 satellite offices. It offers competitive savings account interest rate options. But still, there, which can lead a customer to close a CBI bank account. Follow the below-given procedure for the same.

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How to close Central Bank Of India Account Online?

Unfortunately, It is not possible to close the Central Bank of India account online is not possible. Therefore, if you are searching for ways to close the central bank of India account online, you might not find appropriate information. The only way to close the central bank of India account is by submitting the CBI account closure form or the closure application to the bank official.

How to close Central Bank Account

You can follow the below given stepwise procedure that will help you to close CBI account:

Collect the Central Bank Of India Account Closure Form

The first step you can do while sitting at your home is to download the CBI account closure form. The central bank of India account closing form is readily available online. You can download it by visiting the CBI official website and looking for the CBI account closing form. If you face a problem online, you can visit the nearby Central bank of India branch and manually collect the account closure form.

Fill in the Central bank of India account closer form.

The bank account closure forms are not complex as they hold questions on all the information required from the customer side. Read the directions carefully while filling in the form, and make sure you fill the form in block letters. The CBI account closure form has which is including the account holder’s name, date of birth, address, signature. If there are any joint account holders of the same account, the CBI account closure form will request their signature.

Attach KYC documents

When submitting the central bank of India account closure form, the customer must also submit KYC documents. The KYC documents are the general identification and address proof documents, including the Account holder’s PAN card or Aadhaar card. These documents have to be self-attested. The bank may ask the joint account holder to self attest the documents.

Submit debit card, balance cheque leaves, and passbook

The account holder closing the CBI account also must submit the debit card, balance check leaves, and the passbook back to the bank. If the customer does not hold a debit card in some cases, they can submit balance check leaves and passbook

Withdrawl of the remaining amount in the bank account

After all the documents are submitted, the bank official will verify the documents and, following that, ask the customer to withdraw the remaining amount from the bank account. The remaining funds in the bank account can get transferred to a new bank account; the account holder can withdraw the balance as cash or via DD.

Note: You can also get all the documents and visit the Central bank of India home branch. Then, collect the Central Bank Of India account closure form from the branch, fill in the details, and submit it. It will save your time, and in case of any problems, you can inquire about queries from the bank itself while filling out the form.

Central Bank of India Account Closure Form (PDF Format)

The account closure form will be accessible at the bank, and it will ask for a reason for the account closure. However, many people find it challenging to download the account closure form online. All account holders should sign the form. Then, another form must be completed to move the balance funds with the account details.

When closing a bank account, it is essential to submit an account closure form and the required documents.

Central Bank of India Account Closing Letter Format

The Central Bank of India Account Closing Letter Format is a letter that is sent to the bank from the customer when they want to close their account. The letter should contain all the details that are required for the customer to know about their account, which includes:

The date on which they need to close their account.
The notice period that the customer needs to give before closing their account.
The last date on which they can withdraw money from their account.
The amount of money that will be refunded to them after closing their account and any other pending transactions.

Here is what a central bank account closing application should look like-

To,
The Bank Manager,
Branch Name
Branch Address

Subject: Close Central Bank of India bank account.

Sir/Madam,

I want to close my savings/current account with the central bank of India. However, I have opened a new bank account with another bank, and I cannot maintain two bank accounts simultaneously. Therefore, I implore you to process my application and close my central bank of India account with my Account number [_____], IFSC code[______], account holder name [______].

Kindly process my account cancel application as soon as possible.

Thank you
Yours sincerely
[Name] [Signature]

Central bank Minimum Account balance

Category	Charges
Metro /Urban Branches	Rs.2000/-
Semi-Urban	Rs. 1000/-
Rural Branches	Rs. 500/-

More bank account-related details are available on our website. Click here

You can also find closing other bank account ways like How To Close Punjab National Bank Account Online or Close Bank Of Baroda Account Online?

Central Bank of India Account Closing Charges

The Central Bank of India (CBI) has announced that it will be imposing a charge of Rs. 500 for account closing from September.

This charge applies to all accounts, including savings current and fixed deposits. The RBI has also clarified that this charge would not apply for the first four times an account is closed in a year.

Period	Fees
Within 14 Days of Opening Central Bank of India Account	No Charges
After 14 Days up to 1 Year	Rs 500+GST

FAQs

Can I close central bank of India account online?

No, you cannot close the central bank of India account online it can only get done offline.

Account closure form is necessary to close Central Bank of India Bank Account ?

Yes, an account closure form is necessary to close the Central Bank of India Bank Account

Where can I get central bank of India account closure form?

You can collect the central bank of India account closure form from the nearby Central bank of India branch.

What is Central bank of India minimum monthly balance?

The bank recommends that the account have at least one credit entry per month. In rural and semi-urban areas, the average minimum balance should not go below Rs 500 every six months, whereas, in urban and metro areas, the average credit should be Rs 1000 every six months.

How many days will bank take to close Central Bank of India Account?

To close the central bank of India account the bank will take approximately ten days after you have submitted the documents.

What are the central bank of India account closing charges?

You have to pay no charges when you close the Central bank of India account.

Conclusion

You may have noticed that closing a Central Bank of India account offline is as simple as visiting the nearest branch. However, there is no way to close a Central Bank of India accounts Online. Therefore, closing a bank account with the Central Bank of India is usually not advised. We have shared all the essential details about how to close the central bank of India account online. However, in case of any problem, you can connect with the central bank of India customer service at 1800 22 1911.