Account Closing Charge: How much is charged for closing savings bank account? Know what are the fees in 5 big banks?

Account closing charge: If you want to open a savings bank account in a big private bank, then you will have to keep many things in mind, from some charges to minimum balance. Sometimes the charges start getting high and some people think it is better to close the account. When some people change jobs and open another account in a new company, their old salary account gets converted into a savings account and many types of charges start being imposed on it. Even in such a situation, many times the customer feels that he should close his account. Now the question is that there is no charge for opening the account, but is there any charge for closing it (account closing charge)?

If you check the websites of some big banks, you will find that there is some charge for closing the account. Let us know about it.

1- HDFC Bank

If you wish to close your HDFC account, charges will vary in different circumstances. If you close your account within 14 days of opening it, you will not have to pay any charges. Whereas if you close your account between 15 days to 12 months, you will have to pay a charge of Rs 500. Whereas senior citizens will have to pay Rs 300. At the same time, if you close your bank account after 12 months, you will not have to pay the charge. No fee will have to be paid.

2- SBI

State Bank of India does not charge any charge for closing the account after one year. There are no charges for account closure in the first 14 days. If you close your account between 15 days to 1 year, you will have to pay Rs 500 closing fee and GST.

3- ICICI Bank

If you close your ICICI Bank account within 30 days, you will not have to pay any money. On closing the account between 31 days to 1 year, you will have to pay a closing fee of Rs 500 along with GST. You will not have to pay any charges for closing the account after one year.

4- Canara Bank

If you close your savings account with Canara Bank, you will not have to pay any money in the first 14 days. On closing the account between 14 days to 1 year, you will have to pay a closing fee of Rs 200 along with GST. Whereas if you close your account after 1 year, you will have to pay a closure fee of Rs 100 along with GST.

5- Punjab and Sindh Bank

There will be no charges in the first 14 days even on closing the savings account in Punjab and Sindh Bank. If you close your account between 15 days to 12 months, you will have to pay a closing fee of Rs 300 to Rs 500.

How to close bank account?

To close your bank account you have to write a letter to the branch manager of the bank. In this you will have to write the reason for closing the account. Apart from this, you will also have to return the passbook, checkbook and debit card to the company. You will be given a bank account closure form by the bank. You will have to fill and sign this form. To close a bank account, one has to personally go to most of the banks.