HDFC bank is known for its service and customer care, but according to the new government rules, you must maintain a certain monthly balance in the account. The minimum balance requirement for the Urban area is Rs. 5000, and for Rural Areas is Rs. 3000. If you cannot maintain the minimum account balance, then the bank will penalize you with a minimum balance charge.
Suppose you have multiple accounts in other banks, then it might be hard to keep the minimum account balance in all the bank accounts. The easiest way to eliminate minimum balance charges is by balancing or closing your account. The Account closure process is pretty straightforward. You have to follow some steps. If you’re searching for a How to Close HDFC account, here is how you can do it.
If you are looking for a way to close your HDFC Bank Account, then we have a piece of very good news for you. The good news is that closing an HDFC account online is not a lengthy process. In this article, we will be talking about how you can close an HDFC bank account.
Withdraw the Balance Amount from your HDFC Bank Account
Before closing your account, ensure that you have withdrawn all of your funds from your HDFC. Additionally, you can transfer your entire balance to another account via UPI, NEFT, RTGS, or IMPS.
After clearing the balance from your account, visit your nearest branch, obtain the account closure form, and fill in the form with the correct details.
Attach your KYC Documents
With the HDFC Bank Account Closure Form, all account holders must attach a copy of KYC documents, such as a copy of PAN, which also serves as proof of identity and address. Account holders may be requested to self-attest these documents as well.
Submit Balance Cheque Leaves, Debit Card, and Passbook
Now Submit the form to the bank executive along with the Debit card, Passbook, and Chequebook. Make sure to bring ID Proof with you as the executive may ask for verification.
Collect The HDFC Bank Account Closure Acknowledgment Receipt
After submitting the account closure form and the other documents required to close your bank account, the executive will give you a copy of the acknowledgment. Your HDFC Bank account will be closed within ten working days.
If you have any problem with the account closure procedure, you can call on 1800 22 1006 number for more help. The customer care executive will answer all your account closure questions.
There will be no charges if you close your HDFC Bank account within 14 days of starting. If the HDFC Bank Account is closed after 15 days of opening or within 12 months of opening, a fee of Rs.500 or the account balance, whichever is less, will be charged.
HDFC Bank Account Closure Charges
Up to 14 days
15 days to 6 months
6 months to 12 months
Beyond 12 months
How to Close Hdfc Bank Account Online with Negative Balance
If you have a negative balance on your HDFC bank account, you cannot close it online. You will need to zero out the account balance. You can do this by making an online money transfer into the account. However, you must complete the account closing process and submit the account closure form in person at the branch.
Frequently Asked Questions:
How Can I Close My HDFC Account?
In Order to close your HDFC bank Account, you have to visit your nearest branch where you can ask for the account closure form. After obtaining the form fill all of the requirements and submit the form to the bank executive along with Debit Card, Passbook, and CheckBook. Your account will be closed within 10 working days.Make sure to bring along an ID Card in case the Bank Executive asks for the verification.
Can We Close The Bank Account Online?
Currently, you can not close your bank account online. However, you can download the account closure form from the HDFC website and visit the branch to close your account.
Are There Any Charges For Closing The HDFC Bank Account?
If the account is closed within 14 days of opening or beyond 12 months of opening, no charges will be levied. If the account is closed between 15 days and 12 months of opening, an amount of Rs.500 will be levied (Rs 300/- for Senior Citizens).
What Happens If The Minimum Balance Is Not Maintained In HDFC?
If you cannot maintain the minimum balance in your account, you will be penalized with a penalty fee. The Penalty fee depends on the account types and area.
Can I Close The HDFC Account Before 1 Year?
You can close your account anytime you want. but if you close the account between 15 days and 12 months of opening a charge of Rs. 500 will be levied.
How Can I Change My HDFC Account To Zero Balance?
HDFC bank zero balance savings account can be opened by any individual who is not having any exiting account in the bank and does not have complete KYC. A Zero Balance Savings Account Can be open in the HDFC Bank, but you have certain transactional and operational limits.
So it was the article about “How to close HDFC bank account without visiting branch.” We tried to explain everything you need to know while closing your HDFC Bank Account. But still, if you have any doubts about “how to close hdfc bank account online,” ask in the comment section, we will be happy to assist you. You can also call HDFC Bank customer care for more details.