Opening an account in the bank is the best way to save your money for the future, but there are several circumstances that made you close the bank account.
If you have an account in Canara Bank and are looking for the steps to close the account, you landed in the right place. Here, we guide you through all the steps and basic information that will help you to close the Canara bank account easily.
Steps to Close Canara Bank Account
If you are interested in closing the Canara Bank account, follow these easy steps and close your account with no hassles.
Step #1: Fill the account closure form of Canara Bank
To close the account in the Canara bank, you need to get the account closure form. The Canara Bank account closure form can be downloaded from the official site of the bank. Instead of this, you can also get the form from the respective bank’s branch.
From there on, you need to fill the account closure form with accurate details asked in the form.
Step #2: Affix the KYC documents with the account closure form
Once you complete the form with the correct information, you also need to attach the KYC documents for the verification process, such as PAN card, Aadhar card, and the other documents if asked. It will make your account closure process stress-free.
Step #3: Account Closure Form Submission
The account closure process is almost done; now, you have to submit the form to the respective bank. Additionally, don’t forget to bring the bank passbook, cheque book, ATM card while submitting the application for account closing in Canara Bank. Submit these things with the form to the bank manager by visiting the Canara Bank branch.
Step #4: Your Canara Bank account gets closed.
In the final step, you just need to wait for the confirmation message from the bank side. After following the steps mentioned above, your account will be closed without any problems. You will get the confirmation message on your email ID or registered mobile number.
Moreover, ask for the receipt while submitting the Canara bank account closure form and also mention the mode in which you want to withdraw your remaining amount from the bank.
Also Read: How to Get Money from a Closed Bank Account?
Things To Do Before Closing The Canara Bank Account
There are several important points that one should keep in mind before closing the Canara Bank account. Here we enlisted some important things that you need to follow:
- Keep the complete statement of your bank that you want to close. You can keep a soft copy as it can be required in the future for various purposes.
- Make sure to cancel all the automation payments connected with the Canara Bank cards.
- Clear all the dues and penalties charged by Canara Bank while closing the account.
- Always attach the self-attested documents, and don’t forget to mention the easy procedure to obtain your remaining amount from the respective account in Canara Bank.
Also Read: Difference Between Interbank and Intra Bank
Canara Bank Account Closure Form
The Canara Bank allows its existing customers to avail themselves of the bank services easily, and if they are not satisfied with the services or desire to close the account for any reason, the bank also allows them to close the account. If you also want to close the bank account in Canara Bank, visit the official site and get the account closure form online. You can visit this site to get the form https://canarabank.com/User_page.aspx?subid=5.
Canara Bank Account Closing Charges
If you have an account in Canara bank and you are going to close it, you need to know the account closing charges.
The bank will charge no amount if you close the account within 14 days of the opening. But, the bank will charge 200 rupees if you close it before a year for the saving account and 750 rupees for the current account.
Frequently Asked Questions
Can I close the Canara Bank account online?
Yes, Canara Bank is one of the finest banks that allow their customers to close the account online. For closing the Canara Bank account online, you need to visit the official website, log in with your ID and get the option to close the account online.
Is It necessary to visit the branch while closing the Canara Bank account?
If you are closing the account through an offline method, you have to visit the branch to get the form and submit it. But, if you are choosing alternative methods, it’s not essential to visit the bank branch.
Can I close the account in Canara Bank through net banking?
Yes, the bank offers the process to close the account through net banking. Simply visit the bank’s official site and close the account.
What if one doesn’t make a minimum amount in the Canara Bank?
If any account holder in the Canara Bank doesn’t maintain a minimum balance; 5000 in urban areas and 1000 in rural areas, then the bank will charge a penalty amount that is 60 rupees per day.
Can I change my Canara Bank account into a zero balance account?
Yes, the bank allows its customer to change the account into a zero balance account. While opening a zero-balance account in the Canara Bank, you don’t need to maintain any minimum amount, and you can easily get the banking benefits.
Can I close the Canara Bank account before a year?
Yes, you can easily close the account before a year, but the bank will ask for account closing charges that you need to pay.
Is there any customer care number of Canara Bank that I can contact for any problem?
Canara Bank is dedicated to solving the queries of the people. If you find any difficulty closing the bank account or need to solve any query, you can directly call on 18004250018, 18001030018, 18002083333, and 180030113333.