Bank account closure letter format: Banking is a system that deals with multiple facilities of money or capital invested by the people. Everyone has to open a bank account to access these facilities. This includes very minimal formalities of documentation. Nowadays banks only ask for the aadhar card and pan card for the opening of a bank account. But sometimes due to certain reasons, one has to close the account of a certain bank. In that case, the bank has simplified the system by providing the facility to write an official letter to the bank. In this letter, the reason to close the bank account must also mention all details of the bank account like account number, branch code, full name, etc.
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- Things to Remember while Writing a Letter
- Format Letter for Closure Of Bank Account
- Sample Letter for Closure Of Bank Account
- FAQs on Letter Bank Account Closure
Things to Remember while Writing a Letter
The following points must be kept in mind while composing a letter to the manager:
- The letter must have the name of the bank and the branch from where the work has to be done
- Write the subject for which you are writing the letter
- The subject must be precise and exactly show the issue you are dealing with
- One must provide the name of the account holder as per the records of the bank
- The account number and branch code must also be mentioned in the letter
- Heading, complimentary close, and the signature line must also be present as other letters have the same
- Also enclosed are the attachments if necessary
Before you write a letter for closure of a bank account, remember to check your account balance. If there is an amount left in your bank account just withdraw or take it out before closing. After moving all your cash now you can write a letter to the bank for closure of the account. Destroy the cards and cheques after your letter has been accepted by the bank. As frequently banks may ask to restore the account.
Format Letter for Closure Of Bank Account
Below is the format of the letter on the closure of the bank account.
| To The Bank Manager (Name of the bank ) (Name of the branch) Subject: State the subject or issue precisely and to point here, in this case, it is the issue of a closing of a bank account. Respected Sir/Madam Body: This consists of an explanation of writing the letter to the bank manager and it must be supported by documentation if necessary. In this case, you have to mention the reason for the closure of the bank account with proper evidence. Thank you Accounts details like account number and name must be given Yours faithfully (Signature) Date: Place: |
The above sample consists of the following points:
- Addressing the Branch manager
- Name and address of the bank
- Subject line
- Salutation (Sir/Madam)
- Body of the letter
- Thank you
- Closing with yours Sincerely, truly, etc.
- Name and Signature
- Date
- Place
Sample Letter for Closure Of Bank Account
There can be multiple reasons for closing a bank account
Transfer of person: This is the most common reason for writing a letter. Below is a sample of the letter.
| To, The Bank Manager State Bank of India Santoshi Nagar Raipur (C.G.) Respected sir, Subject: Request for bank account closure I am an account holder in your prestigious bank for more than (number of years/months). My account number is (account number). Due to my job transfer, I have to relocate my location of residence to (name of the city). I would be grateful if you would close my account in your bank and open a new account at the bank branch located at( name of the city branch). So that it would be easy for me to maintain my account. Kindly debit the amount charged against the transfer of the bank account to another branch. I also have attached my leave certificate along with the agreement certificate of my current residence. I have also attached the bank account details. I hope you would give your kind consideration to the request for a bank transfer to another branch and would do the needful. Thanking you Yours Sincerely (Name of the Account holder) ( signature) Attachment: Copy of leave and license agreement of current address along with bank account details. |
Personal financial reason: Sometimes when a person is not able to maintain the finances and wants to close the account.
| To, The Bank Manager State Bank of India Santoshi Nagar Raipur (C.G.) Respected sir, Subject: Request for bank account closure I am an account holder in your prestigious bank for more than (number of years/months). My account number is (account number). Due to my current financial position, I am not able to maintain the finances and charges of the bank. I have already been in crisis due to a loss in business and won’t be able to maintain multiple bank accounts. I would be grateful for your kind consideration and kindly do the needful. Thanking you Yours Sincerely (Name of the Account holder) ( signature) Attachment: Copy of passbook. |
No proper response or services: sometimes due to bad services of the bank and continued charges without any cause that lead to loss of money to a customer. He /she may be willing to close the bank account.
| To, The Bank Manager State Bank of India Santoshi Nagar Raipur (C.G.) Respected sir, Subject: Request for bank account closure I have been an account holder in your bank for more than (number of years/months). My account number is (account number). I am very much disappointed by the services of net banking, other late banking services, and unfair bank charges. I have already complained about the bad services but no proper action has been taken to resolve my problems. So now with no further delay, I would like to close my account in the bank as soon as possible. I would be grateful for your kind consideration and kindly do the needful. Thanking you Yours Sincerely (Name of the Account holder) ( signature) Attachment: Copy of passbook. |
Fees charged unnecessarily: Sometimes banks charge for the account unnecessarily without any transaction taking place.
| To, The Bank Manager State Bank of India Santoshi Nagar Raipur (C.G.) Respected sir, Subject: Request for bank account closure I have been an account holder in your bank for more than (number of years/months). My account number is (account number). I am very much disappointed by the unfair bank charges. I have already complained about the unfair charges but no proper action has been taken to resolve my problems. So now with no further delay, I would like to close my account in the bank as soon as possible. I would be grateful for your kind consideration and kindly do the needful. Thanking you Yours Sincerely (Name of the Account holder) (signature) Attachment: Copy of passbook. |
FAQs on Letter Bank Account Closure
Question 1.
What is the need to close a bank account?
Answer:
If you are not using your bank account for many years and want to close as you have to pay unnecessary charges at that time we can close our bank account.
Question 2.
Is it mandatory to write a formal letter regarding closing the bank?
Answer:
Yes you have to compulsorily write a formal letter giving your agreement to close the account.
Question 3.
How to write the bank account closure letter?
Answer:
The format of the bank account closure letter will include the following details:
- Addressing the Branch manager
- Name and address of the bank
- Subject line
- Salutation (Sir/Madam)
- Body of the letter
- Thank you
- Closing with yours Sincerely, truly, etc.
- Name and Signature
- Date
- Place