How to Close a Saving Account in Unity Small Finance Bank ?

Close Account in Unity Small Finance Bank : 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. Still, you may feel a need to close your account due to some reason. Note that closing a bank account is easy but the same should be handled with care.

Nevertheless, there could be multiple reasons to close a bank Savings Account such as:

• Lower rate of interest
• Unsatisfactory Customer Service
• Maintenance of higher Minimum Account Balance required
• Bad Relationship with Bank Staff
• Having Multiple Bank Accounts
• Bank is not providing Online Services properly
• Higher Fees & Charges on Financial Transactions
• Lower limits for Financial Transactions
• Account holder has shifted to another city where bank branch is not located nearby his place

In order to close your Savings account, you may be interested to know how to close bank Savings 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 Unity Small Finance Bank Savings Account?

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

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 home 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.

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.

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

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 and process your account closure request.

When asked, 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 so that your account can be closed.

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.

How Can I Close my Unity Small Finance Bank Savings Account Online?

In order to close the Unity Small Finance Bank savings account, you need visiting the home branch. Usually, you cannot close your savings accounts online as you may be required to surrender balance cheque leaves, debit card and passbook to your bank branch. Further, you may have to pay any fees associated with closing your account, if any. Once these necessary issues are taken care of, the bank will close the account.

What to Consider before Closing Savings Account?

You should consider whether your existing savings account may still be useful before proceeding with account closure. Even if you have multiple accounts, there is no need to close an old account which is having no recurring fees.

Before closing your account you should,

• Check Account Balance
• Check Account Closure Charges
• Update your current contact information
• Cancel automated transactions and Standing Instructions
• Download your bank statements since its opening till date of closure
• Surrender/ destroy chequebooks or debit cards
• Unlink your savings account from various portals

If you are closing your existing account and opening a new account then know that closing and opening a new account will be a time-consuming affair, however, if you are willing to close an unused savings account, it is good to do so in order to avoid fraud and simplify your management of funds.

Important Points regarding Closing of Unity Small Finance Bank Savings 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 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 for the purpose of any future reference.
• Cancel your automated payment instructions.
• One must clear all his/ her pending dues or charges before closing the account.

Close Saving Account in other Banks

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Au Small Finance Bank Limited	Axis Bank
Bandhan Bank Limited	Bangiya Gramin Vikash Bank
Bank Of Baroda	Bank Of India
Bank Of Maharashtra	Baroda Gujarat Gramin Bank
Baroda Rajasthan Kshetriya Gramin Bank	Baroda U.p. Bank
Baroda Up Gramin Bank	Bharatiya Mahila Bank Limited
Bihar Gramin Bank	Canara Bank
Capital Small Finance Bank Limited	Catholic Syrian Bank Limited
Central Bank Of India	Central Madhya Pradesh Gramin Bank
Chaitanya Godavari Grameena Bank	Chhattisgarh Rajya Gramin Bank
City Union Bank Limited	Corporation Bank
Dakshin Bihar Gramin Bank	Dcb Bank Limited
Dena Bank	Dena Gujarat Gramin Bank
Dhanalakshmi Bank	Ellaquai Dehati Bank
Equitas Small Finance Bank Limited	Esaf Small Finance Bank Limited
Export Import Bank Of India	Federal Bank
Fincare Small Finance Bank Ltd	Gramin Bank Of Aryavart
Hdfc Bank	Himachal Pradesh Gramin Bank
Icici Bank Limited	Idbi Bank
Idfc First Bank	Indian Bank
Indian Overseas Bank	Indusind Bank
Jammu And Kashmir Bank Limited	Jammu And Kashmir Grameen Bank
Jharkhand Gramin Bank	Jharkhand Rajya Gramin Bank
Karnataka Bank Limited	Karnataka Gramin Bank
Karnataka Vikas Grameena Bank	Karur Vysya Bank
Kashi Gomti Samyut Gramin Bank	Kaveri Grameena Bank
Kerala Gramin Bank	Kotak Mahindra Bank Limited
Langpi Dehangi Rural Bank	Laxmi Vilas Bank
Madhya Bihar Gramin Bank	Madhya Pradesh Grameen Bank
Madhyanchal Gramin Bank	Maharashtra Gramin Bank
Malwa Gramin Bank	Manipur Rural Bank
Meghalaya Rural Bank	Mizoram Rural Bank
Nagaland Rural Bank	Narmada Jhabua Gramin Bank
North East Small Finance Bank Limited	Odisha Gramya Bank
Oriental Bank Of Commerce	Pallavan Grama Bank
Pandyan Grama Bank	Paschim Banga Gramin Bank
Pragathi Krishna Gramin Bank	Prathama Bank
Prathama U.p. Gramin Bank	Puduvai Bharathiar Grama Bank
Punjab And Sind Bank	Punjab Gramin Bank
Punjab National Bank	Purvanchal Gramin Bank
Rajasthan Marudhara Gramin Bank	Saptagiri Grameena Bank
Sarva Haryana Gramin Bank	Sarva Up Gramin Bank
Saurashtra Gramin Bank	South Indian Bank
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State Bank Of India	State Bank Of Mysore
State Bank Of Patiala	State Bank Of Travancore
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Syndicate Bank	Tamil Nadu Grama Bank
Tamilnad Mercantile Bank Limited	Telangana Grameena Bank
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Uco Bank	Ujjivan Small Finance Bank Limited
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