Axis Bank is one of the top private banks that features unique facilities for its customers. Despite all the facilities and services, its monthly account maintenance charge is high. It is not possible for all to maintain, especially in a middle-class family, depending on their financial background and income source.
For any reason you are looking to deactivate or close your existing Axis bank account, this guide will help you. It’s better to understand the process of account closing before jumping into the well.
So, scroll down this article and get the easy steps to close your Axis bank account.
Easy Steps To Close Axis Bank Account With No Hassles
If you find difficulty in closing your Axis bank account, follow these easy steps and close your bank account without any problems.
- Step 1- Get the Axis bank account closure form.
The first step of closing the Axis bank account is getting the account closure form. You can get the account closure form by visiting the bank, or you can also download the Axis bank account closure form online as mentioned below.
- Step 2- Fill in the details in the form.
After getting the Axis bank account closure form, fill in all the required details in the form, such as your account number, name, signature, and all the essential information asked in the account closure form. Make sure to fill in the right details.
- Step 3- Axis bank account closure form submission
Once the second step is complete, submit the Axis bank account closure form to your home branch. Along with the account closure form, attach the bank passbook, checkbooks, cards, and ID proof so that your account will close quickly.
- Step 4- Get the acknowledgment slip.
When you submit the account closure form along with the required things such as passbook, cards, and checkbook to the home branch, the bank manager will give you an acknowledgment slip. So, don’t forget to bring the slip from the bank.
- Step 5- Account gets closed.
After completing all the steps, you finally reach the end. After submitting the Axis bank account closure form, you will receive a message of account closing on your registered mobile number within 7-10 days of working. It assures you that now your account has been closed.
NOTE- If you find any difficulty closing your Axis bank account or it takes more than ten days to close the account, directly call on 1860 419 5555 and contact the customer care executive or bank manager. They will solve your query and help you to close your Axis bank account easily.
Things To Do Before Closing Axis Bank Account
If you are closing your Axis bank account, there are several things that you should do before closing the bank account that is as follows:
- The most crucial thing before closing your bank account is to withdraw all your remaining money from Axis bank.
- Don’t forget to open a new bank before closing the existing Axis bank account and add all the cash to your new bank account.
- If your Axis bank card is linked with automation payment, UPI -based transaction, and so on, deactivate or de-link the card before closing the bank account.
Axis Bank Account Closure Form
Are you having difficulty in getting the Axis bank account closure form? Here’s the Axis bank account closure form. You can print it or download the form by clicking on Download the Axis Bank account closure form.
Axis Bank Account Closing Charges
Axis bank charges a certain amount if you file an application to close the bank account. You won’t have to pay any amount if you close the account within 14 days of opening. Whereas if you close the bank account after 15 days or within a year or after certain years, the bank will ask 500 rupees to pay as account closing charge. Additionally, the bank can also charge some GST amounts depending on your account type.
Conclusion: Key Take-Away Points
It’s not always easy for all to close the Axis bank account, so if you’re finding problems in closing your Axis bank account, take the help from this guide.
However, Axis bank offers a lot of attractive services and features for its customers, but there are several things that might not be in favor of the customer. There can be various reasons to close the Axis bank account, and for whatever reasons you decided to close the account, follow the steps mentioned above.
We hope the above information and details will help you to close your Axis bank account without any hassles.
Frequently Asked Questions
How Can I Close Axis Bank Account Without going To The Bank?
Axis bank offers various features for its customers, but when it’s about to close the bank account, you need to visit the bank account. There’s no such system to close the existing bank account without visiting the branch.
Can I Close Axis Bank Account If I’m Not Capable Of Maintaining A Minimum Balance?
Axis bank charges a certain amount if you do not maintain a minimum account balance; thus, it’s better to close the account if you are not able to maintain the minimum amount.
Are There Any Charges For Closing An Axis Bank Account?
Axis Bank doesn’t charge any amount if you close the account before 14 days of the account opening or after a year. If you close the Axis bank account between 14 days-1 a year, the bank will charge 500 rupees; plus, some additional amount depends on the type of account you have in the bank.
How To Close Axis Bank Account Online?
No, Axis bank doesn’t offer an option to close the bank account online. It’s mandatory to visit the branch in reference to close your existing Axis bank account.
Can I Close Axis Bank Account With A Negative Balance?
If your Axis bank account has a negative balance, make sure to pay the complete amount before closing the bank account; otherwise, you will find difficulty in closing the account.
What Happens If The Minimum Balance Is Not Maintained In Axis Bank?
Axis bank seeks a minimum balance of rupees 5000 monthly, and if you don’t maintain the same, the bank will charge a penalty amount.
When Will My Axis Bank Account Get Closed After Submitting The Form?
If you submit the account closure form to the bank by filling in all the accurate details, it will close within seven working days. However, the bank promises to close the account within two days, but you can wait at least seven days.
Can I Close The Axis Bank Account Before One Year?
Yes, you can close the Axis bank account before one year; however, the bank will charge an amount if you close the account in between 14 days- 1 year of account opening.
How Do I Know The Status After Submitting The Account Closure Form To The Bank?
After submitting the form, the bank will acknowledge the account closing process through a message on your registered mobile number.
Where Can I Get The Axis Bank Account Closing Form?
You can get the Axis bank account closure form by visiting the branch, or you can download the Axis bank account closure form as mentioned above or from the bank’s official site.
