HDFC is one of the leading private banks in India, featuring a variety of financial and banking services, including savings account, current account, FD, internet banking, and much more. It requires a minimum account balance of rupees 3000-5000 in rural and urban areas, and it might be difficult for you to maintain such an amount in your bank.
Moreover, there can be a number of reasons to close the HDFC bank account, such as unsatisfied interest rate, inability to maintain the minimum balance, bad relationship with bank staff, having multiple bank accounts, and much more. It might be tedious for you to close the HDFC bank account, just follow this guide and steps mentioned below and close the account with no hassles.
If you’re willing to close your HDFC bank account due to any reason, get the step-by-step guidance. This detailed guide has every information and guidance in steps that will help you to close your HDFC bank account easily.
Follow The Easy Steps To Close The HDFC Bank Account
Sometimes people find it difficult to close their bank account in HDFC, but by following the below-mentioned steps, you can easily close your HDFC bank account. However, HDFC provides an online option to open an account, but it’s the opposite in case of account closing. To close your HDFC bank account, a customer has to visit the branch and need to submit an account closure request.
- Step 1- Download the account closure form
To close an HDFC bank account, you can download the account form for closing an HDFC bank account from the official website of the bank.
- Step 2- Fill the form
Fill in the details asked in the account closure form. The information or details should be accurate.
- Step 3- Submit the form
After filling in the accurate details in the account closing form, submit it to the branch manager attaching the required documents such as passbook, cheque book, and debit card.
- Step 4- Get an acknowledgment slip
When you submit the form with the required documents, your bank manager will provide you with an acknowledgment slip.
- Step 5- Account get closed
Once the verification process is done, your account will be closed in between 7-10 days.
NOTE: If you face any problem with closing your HDFC bank account, you can directly call on 1800 22 1006 number. The customer service executive will answer your call and help you to close your HDFC bank account.
Things To Do Before Closing HDFC Bank Account
Before closing your HDFC bank account, keep these below mentioned things in your mind:
- If you want to close your bank account, don’t forget to withdraw your remaining cash from the account.
- Before closing the account, make sure to open a new bank account and deposit the remaining cash in it.
- It’s also critical to de-link your old bank card from automation transactions, UPI-based payments, and insurance.
- At various moments you are required to show your bank statements; thus, make sure to record your bank statement and initial payments that you made with your old bank account.
HDFC Bank Account Closure Form
You can easily download the HDFC account closing form. Let’s have a look at the form that you need to fill.
HDFC Bank Account Closure Charges
If you are wondering how to close the HDFC bank account, you must be aware that the bank charges certain charges to close the account. If you are a new account holder and opened your account just 15 days before and now want to close the account, you will not have to pay any charges. Whereas, if you are an existing user and closes the account after 15 days or between 15 days- 6 months, that bank will ask you to pay 500 rupees. Plus, you have to pay 250 rupees if you close the account in between 6 months to 12 months. The charges may be variant as per the account type.
Conclusion: Key Take-Away Points
With the help of the guide, you can easily close your HDFC bank account as we guide you step-by-step about “How to close HDFC bank account.”
We hope this guide will help you and free you from all the hassles that you may face while closing your HDFC bank account. Additionally, you can directly contact customer care and solve all your queries and doubts related to account closing.
Frequently Asked Questions
How can I close my HDFC Bank account without going to the Bank?
HDFC is a top bank providing convenient banking services, but unfortunately, you can’t close your HDFC bank account without visiting the bank branch. There’s no online process to close the account; thus, you have to visit the HDFC bank.
Can I close my account if I’m not capable of maintaining a minimum balance?
Yes, in the account closing form, the bank will ask the reason, and you can fill it in therein. However, it’s better to close the account if you cannot maintain a minimum balance; otherwise, the bank will charge a penalty.
Are there any charges for closing an HDFC bank account?
Yes, if your account is closed within 14 days of opening, there’s no charge. If the account is closed from 15 days to 6 months, the bank will deduct 500 rupees, and if you close your bank account between 6-12 months, rupees 250 will be levied.
Can I close the bank account online?
No, HDFC bank is not providing any option to close a bank account online.
Can an HDFC account be closed with a negative balance?
In this case, the bank will charge a penalty amount. The charge depends upon the bank type and area. There’s a high chance that the bank will not allow you to close the account.
Why need to maintain the minimum balance in HDFC bank?
If you are unable to maintain a minimum balance in HDFC bank, the bank will penalize you and charge a penalty fee.
Can I close my HDFC bank account through net banking?
No, you can’t close your HDFC bank account through net banking as this bank doesn’t provide any online option to close the account.
How to close HDFC bank account online?
No, HDFC bank is not providing an online option to close the account.
Can I close the HDFC Bank account before one year?
Yes, you can close your HDFC bank account anytime, but if you close it before one year, there will be a charge that the bank will ask for.
How can I change my HDFC account to zero balance?
If you don’t have an existing relationship with the HDFC bank, you can open a zero-balance account. However, anyone can open a zero balance account, which means a savings account in HDFC bank with some limits of transactions and operations.