HDFC is one of India’s most well-known private banks, offering a wide range of financial and banking services such as savings accounts, current accounts, FDs, internet banking, and more. In both rural and urban locations, a minimum account balance of rupees 3000-5000 is required, which may be tough for you to maintain in your bank.
Furthermore, there are a variety of reasons to shut an HDFC bank account, including an unsatisfactory interest rate, failure to keep the required level, a strained relationship with bank employees, multiple bank accounts, and so on. It may seem laborious to close your HDFC bank account; however, simply follow the instructions and actions outlined below to close the account without difficulty.
Get step-by-step instructions if you want to close your HDFC bank account for whatever reason. This step-by-step guide contains all of the information and instructions you need to easily terminate your HDFC bank account.
Follow The Easy Steps To Close The HDFC Bank Account
- Follow The Easy Steps To Close The HDFC Bank Account
- Things To Do Before Closing HDFC Bank Account
- HDFC Bank Account Closure Form
- HDFC Bank Account Closure Charges
- Conclusion: Key Take-Away Points
- Frequently Asked Questions
- How can I close my HDFC Bank account without going to the Bank?
- Can I close my account if I’m not capable of maintaining a minimum balance?
- Are there any charges for closing an HDFC bank account?
- Can I close the bank account online?
- Can an HDFC account be closed with a negative balance?
- Why need to maintain the minimum balance in HDFC bank?
- Can I close my HDFC bank account through net banking?
- How to close HDFC bank account online?
- Can I close the HDFC Bank account before one year?
- How can I change my HDFC account to zero balance?
Some people find closing their HDFC bank account difficult, however by following the procedures outlined here, you can easily close your HDFC bank account. HDFC, on the other hand, offers an online alternative for opening an account, but not for canceling one. Customers must visit a branch and file an account closure request to close their HDFC bank account.
- Then, get the account termination form.
To close an HDFC bank account, you can Download the registration form for closing an HDFC bank account from the official website of the bank.
- Step 2: Complete the form
Fill out the information requested on the account termination form. The data or specifics should be correct.
- Step 3: Submit the application
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: Obtain a receipt slip
Your bank manager will provide you an acknowledgment slip after you submit the paperwork with the needed papers.
- Step 5: Close the account
Your account will be deactivated in 7-10 days when the verification procedure is completed.
NOTE: If you have any difficulties canceling your HDFC bank account, please call 1800 22 1006 immediately. Your call will be answered by a customer service representative who will assist you in closing your HDFC bank account.
Things To Do Before Closing HDFC Bank Account
Keep the following considerations in mind before cancelling your HDFC bank account:
- If you want to shut your bank account, make sure you withdraw all of your remaining funds.
- Before closing the account, make sure to open a new bank account and deposit the remaining cash in it.
- De-linking your old bank card from automating transactions, UPI-based payments, and insurance is also crucial.
- You will be asked to display your bank statements at various times; thus, keep track of your bank statement and any first payments made using your old bank account.
HDFC Bank Account Closure Form
The HDFC account closure form is simple to download. Let’s take a look at the form you’ll need to complete.
HDFC Bank Account Closure Charges
If you’re wondering how to close your HDFC bank account, you should know that there are fees associated with doing so. You will not be charged any fees if you are a new account user who started your account less than 15 days ago and now want to close it. If you are an existing customer who terminates your account after 15 days or between 15 days and 6 months, you will be charged 500 rupees. In addition, if you close the account between 6 and 12 months, you must pay 250 rupees. The charges may vary depending on the account type.
Conclusion: Key Take-Away Points
You may effortlessly terminate your HDFC bank account with the help of our article, as we walk you through the process step by step.
We hope that this information will assist you and relieve you of any difficulties you may have when canceling your HDFC bank account. You can also contact customer service directly to resolve any questions or concerns you may have about account closure.
Frequently Asked Questions
How can I close my HDFC Bank account without going to the Bank?
Although HDFC is a leading bank with convenient banking services, you cannot shut your HDFC bank account without visiting a branch. There is no way to end the account online; you must go to the HDFC bank.
Can I close my account if I’m not capable of maintaining a minimum balance?
Indeed, the bank will ask for the reason on the account closure form, which you can fill out. If you can’t keep a minimum balance, it’s best to close the account; otherwise, the bank will charge you a fee.
Are there any charges for closing an HDFC bank account?
Absolutely, there is no charge if you close your account within 14 days of opening it. The bank will deduct 500 rupees if the account is closed between 15 days and 6 months, and rupees 250 if the account is closed between 6-12 months.
Can I close the bank account online?
No, HDFC Bank does not offer an online option for closing a bank account.
Can an HDFC account be closed with a negative balance?
The bank will assess a penalty in this situation. The fee is determined by the bank’s kind and location. There’s a good probability the bank will refuse to terminate the account.
Why need to maintain the minimum balance in HDFC bank?
If you fail to keep a minimum amount in your HDFC bank account, you will be penalized and charged a penalty fee.
Can I close my HDFC bank account through net banking?
No, you cannot terminate your HDFC bank account using net banking because the bank does not offer an online account closure option.
How to close HDFC bank account online?
Unfortunately, HDFC Bank does not offer an online account closure option.
Can I close the HDFC Bank account before one year?
Sure, you can terminate your HDFC bank account at any time, but if you do so before one year, the bank will charge you a fee.
How can I change my HDFC account to zero balance?
If you don’t already have an account with HDFC, you can start a zero-balance account. Anyone, however, can register a zero balance account with HDFC bank, which is a savings account with transaction and operation constraints.