How to Close a Current Account in The Nainital Bank Limited

It is usually seen that if someone opens a bank account, he/ she rarely closes it & the account remains opened with the bank for a very long time. Now-a-days, as majority of banks have started operating through an Online Platform, there is hardly any need to close the bank account in normal situations.

Nevertheless, there could be multiple reasons to close a bank current account such as:

  • Unsatisfactory Customer Service
  • Bad Relationship with Bank Staff
  • Having Multiple Bank Accounts
  • Inaccessible Branches
  • Bank is not providing Online Services properly
  • Higher Fees & Charges on Financial Transactions

In order to close your current account, you may be interested to know how to close bank Current Account? It seems tedious but it's very easy to get your account closed, you just need to follow a few steps for the same.

How to Close The Nainital Bank Limited Current Account?

If you have a current account with bank and interested to know how to it then following are the steps will have to follow,

Step 1: Fill up the Account Closure Form of Bank

In order to close your bank account, the first step is to fill up an Account Closure Form. You can download it from bank's website or alternatively, you can visit your branch, get the account closure form and fill it up properly. After that you need to sign it and submit it to the branch manager/ officer-in-charge. Please note that if there is/ are any joint holder/s in your account, all need to sign the account closure form.

Step 2: Attach your KYC Documents

All the holders of the account need to attach a copy of KYC documents i.e. a copy of PAN, which also serves as your proof of identity and a proof of address to the account closure form. The account holders may also be asked to self attest these documents.

The Nainital Bank Limited Current Account KYC Documents Required.

Step 3: Surrender Balance Cheque Leaves and Passbook

You need to surrender your Balance Cheque Leaves, if any and the Passbook. Your account closure application is taken for processing only after you have surrendered all these items.

Step 4: Withdraw the Balance Amount in your Bank Account

The banker verifies the documents submitted by you and if he/ she finds all the things are correct then you are asked to withdraw the balance amount in your account. You may either take cash withdrawal or the bank issues a cheque/ DD in your favour or the amount can be transferred to another account.

If you follow above steps, you would be able to close your bank account in a hassle free manner. Banks generally send an email or SMS on your registered email id and mobile after your account is closed.

Documents Required to Close the Current Account

Serial NumberDocument NameDescription
1Account closure request formGet the form from the bank's website or any bank branch
2Proof of AddressCarry a valid Address Proof
3Proof of IdentityCarry a valid ID document
4Account related documentsSurrender any unused cheque leaves, Debit Card and Bank Passbook

Important Points regarding Closing of The Nainital Bank Limited Current Account Current Account

  • For closing your account, you need to visit that branch of the bank where you had opened the account.
  • One should close the account only if he/ she really doesn't need it in future, as banks generally don't allow to re-open a closed account.
  • One must save a soft copy or take a printout of full bank statement (since inception till closing of account) for the purpose of any future reference.
  • Get information about account closure charges before closing the account.
  • Cancel your pending instructions before closing your Current Account.
  • One must clear all his/ her pending dues or charges before closing the account.

More Operations of Current Account

The Nainital Bank Current Account Document Required
How to Open Current Account in The Nainital Bank
How to Close Current Account in The Nainital Bank
How to Transfer Current Account in The Nainital Bank
Current Account Address Change in The Nainital Bank
Current Account Signature Change in The Nainital Bank

Current Account Documents Required