You can close SBI Saving Account online and offline. There are many reasons why you may go for closure of your SBI Account such as dissatisfaction with services, relocation (moving out of town), death or unused account that is making you incur additional costs such as debit card charges, SMS charges, and minimum balance charges.
This article helps you understand how to go about closing your SBI account either online or offline.
How to Close an SBI Savings Account Online?
Presently, there is no option for closing an account online through SBI. You will have to go to your nearest branch, complete the account closure form, and submit it along with proof of identity and documents related to the account. You can visit any nearest branch of SBI for closing account it is not mandatory to visit branch where you have opened your account.
The process of closure can be completed only after clearing all dues and paying closure charges (if applicable).
How to Close an SBI Savings Account Offline?
Here is the process for closing your SBI account without using internet banking services:
Step 1: Go to the nearest branch of SBI and collect the account closure form from there.
Step 2: Fill in the form correctly and submit it at the bank branch.
Step 3: Submit copies of your proof of identity, proof of address, original cheque book, original pass book, and ATM/debit card.
Step 4: If there are any fees, pay them.
The representatives of SBI will process your application and close the account within seven business days.
SBI Account Closure Form
The SBI account closure form is available at the nearest branch of the SBI bank. After receiving the form, it should be filled in along with the relevant documents and submitted to the SBI bank branch where you maintain your account.
How to Close an SBI Account from Abroad?
The application for closure of your SBI account is available from the nearest SBI branch. On receipt of the form, all that you need to do is to complete the form and then submit it along with the required documents to your SBI branch.
Your SBI account can be closed when you are abroad. The following steps will help you close the account:
Step 1: Contact the SBI branch where you have your account. Make the SBI branch aware of your decision to close the account either through a phone call or an email.
Step 2: Send all the necessary documents to the SBI branch with a request in writing to close the account. You will need to provide a copy of your passport, visa, and proof of address.
Step 3: Clear any pending transactions and settle all your dues before the process of closing your account begins.
Step 4: Await the confirmation of the successful closure of your account by the SBI branch and transfer of the remaining balance into the account which you specify.
It should be noted that the procedure of closing an SBI account when you are abroad may vary depending on the place you are at and the policies of the particular SBI branch.
How to Close an SBI Account After Death?
The process for closing the SBI account due to the demise of the account holder includes filling out the claim settlement form.
As a nominee, one can close the SBI account belonging to the deceased by providing the following to the respective bank branch:
- The claim settlement form as per the standard format of the bank
- Full details of the accounts maintained by the deceased individual
- Death certificate issued by the appropriate authority for the deceased account holder
- KYC (Know Your Customer) documents for the nominee
In case the deceased account holder does not have any nomination, then his/her legal heirs can fill out the claim settlement form without legal representation and provide the necessary documents to the bank. The claim settlement form without legal representation can also be downloaded from the official website of SBI bank.
The documents required for the closure of an account of a deceased person without a nomination are as follows:
- For a claim amount below Rs. 5 lakh:
- Death certificate
- KYC documents of all legal heirs
- Account details of the legal heirs, if available
- Claim form duly filled and signed by the legal heirs, other than those who signed the disclaimer letter
- Stamped letter of Indemnity from the legal heirs
- Letter of disclaimer, if applicable
- Declaration in the claim form signed by one independent person well known to the family of the deceased, any account holder of SBI known to the family of the deceased or any government official whose signature is verifiable by SBI
- For a claim amount above Rs. 5 lakh:
- All documents required for a claim amount below Rs. 5 lakh (As listed above)
- Declaration in the claim form has to be sworn as an Affidavit before the Notary Public or Judicial Magistrate by one independent person well known to the family of the deceased, any account holder of SBI known to the family of the deceased or any government official whose signature is verifiable by SBI
- Surety, along with the stamped letter of Indemnity
- Details of Sureties along with proof for compilation of the Opinion Report on Sureties
Documents Required to Close SBI Account
The following are the documents required to close the SBI account:
- SBI account closure request form
- Cheque book leaves
- Debit card
- Passbook
- Identity proof documents
- Address proof documents
Once one learns about closing an SBI account, it is imperative that the process be handled with utmost care and precaution so as not to commit mistakes. One needs to take into consideration the period and fees that go hand-in-hand with closing an account. After submitting the necessary paperwork and clearing all dues, your request will be processed by the bank.
