RBL Bank full form is Ratnakar Bank Limited. RBL Bank was established in 1943, and its headquarters are in Mumbai. RBL is one of the reputed banks with huge numbers of branches and ATMs all over the country.
If you want to close your RBL account and don’t know the steps and procedures for closing an RBL bank account, Here, will help you out with this problem. Here we discuss in detail how to close an RBL bank account, what are the steps and what are the documents we need to close it.
Simple steps to close RBL Bank Account
To close an RBL bank account, customers have to visit their bank branch and need to submit an account closure request. There are no online methods for closing accounts online; customers have to visit their bank branch.
- Step #1: Get and download the RBL account closure form
There is an account closure form which you have to download from the RBL bank official website or visit your bank branch and ask for an account closure form. Fill it out with correct information. Download the RBL account closure form from the official website of the bank.
- Step #2: Fill out the form appropriately.
After downloading the form, it is very important for you to fill the account closure form in an appropriate manner. There is no chance for a single mistake. And the things that you need to fill in the form are mentioned below-
- Name of the candidate
- Verified and linked mobile number
- Bank account number that you like to close
- You must mention how you would like to withdraw your remaining amount from your account through cash, cheque, fund transfer to the new account, and DD.
- And in the last sign the form at the correct page and one more thing if the account is joint holder, all candidates have to sign on it.
- Step #3: Attach your KYC documents.
Once the form is filled, recheck the mistake. If any mistake is found, reattempt the form and fill it out correctly. And after filling the form correctly, you have to attest your KYC documents like PAN for identity, Aadhar card for resident; make sure that these all documents are self-attested.
- Step #4: Surrendered your balance passbook, cheque with submission of form
On the last completion of the form and attached KYC documents, you have to visit your bank branch, submit your form to the bank manager, and surrender your remaining passbook and cheque book.
- Step #5: Wait for account closing SMS or email.
Once the verification is completed, your account will be closed within 7-10 working days. You will get a closed account confirmation SMS or email on your registered mobile number or email.
Note:- If you find any difficulty in any step of closing an account, you can contact the RBL Bank customer care executive specialist at any time. You can use a toll-free number- +912312650981. The customer care executive will help out with the problem.
Important points to be kept in mind before closing RBL bank account
- To close your bank account, you have to visit the bank branch where you opened your account.
- If you decide to close your account, don’t forget to withdraw your remaining amount.
- Before closing the RBL bank account, make sure to settle down all the dues.
RBL Bank Account Closing Charges
If you have an account in RBL bank and are looking to close it, you have to pay certain charges. However, the charges depend upon your account type, and they can vary depending upon the area and account type. Generally, the RBL bank doesn’t charge any amount if you close the account within 14 days of opening. In a way, closing an account in RBL bank is free if you close it in between 14 days. But if you close the account within six months, you have to pay an amount of 500 rupees. Plus, RBL bank can also charge a GST amount along with the account closing charge.
Frequently Asked Questions
Can I close RBL bank account without visiting the RBL bank branch?
No, you can’t; you have to visit your RBL bank branch and submit your account closure form to the bank manager. And also, submit your KYC documents. As the RBL bank is yet not featuring an online account closing option.
Is this needed to maintain a minimum balance in the RBL bank account?
Yes, you have to maintain a bank minimum balance. If you aren’t capable of maintaining it, the bank will be charged a penalty on your account. RBL Bank will charge zero maintenance charges.
Can I use net banking to close my RBL bank account?
You cannot use net banking for RBL account closing. You must visit your bank branch and submit your form along with documents. The RBL Bank doesn’t offer online services for account closing. Account-holders have to visit their branch where he/she opened their account.
Within how many days will my RBL account be closed?
It will not take much time. Once you submit your account closure form with correct details along with self attest KYC documents to the bank manager, it will take 7-10 days for verification. After completion of verification, you will get an SMS or email of account closing on your registered mobile number or email ID.
Can any family member submit the form on behalf of the RBL account holder?
No, for submission of account closure form, presence of account holder is necessary. It will not consider any other family member on behalf of the account holder.
Is it mandatory to pay account closing chargers in the RBL bank?
Yes, if the account holder closes their account within 14 days of opening, there will be no charges, but if they close it after that, the bank will charge 500 and maybe more to close your account along with GST, and it’s compulsory to pay.
Is it compulsory to submit the KYC documents along with the submission of the RBL account closure form?
Yes, it is needed to submit your KYC documents along with your account closure form and make sure your documents will be self-attested.
How will account holders get their remaining amount?
While filling the account closure form, account holders must mention the ways they like to accept their remaining amount by cash, cheque, DD and transfer to another bank account.
Can any RBL account holder close their account in a negative balance?
There is a rare chance that the bank will allow you to close the account in a negative balance. But if you want to close in a negative balance, the bank will charge a penalty on your account. The penalty rate will be dependent on account type and area. There are different charge rates for different types of accounts.
How to close RBL bank account online?
No, you cannot do that; you should download your RBL account closure form online; otherwise, for submission of forms and documents, you must visit the bank branch and meet with the manager.