How to Close Your Axis Bank Account in 5 Simple Steps

Introduction:

Axis Bank stands out as one of India's top private banks, where customers frequently open zero-balance salary accounts. These accounts offer the convenience of withdrawing funds without the need to maintain a minimum balance. However, when you leave a job, this benefit might become inconvenient.

If a salary isn't deposited for three consecutive months, the account converts to a standard savings account with a required minimum balance. For urban branches, this balance is set at Rs 10,000. Not maintaining this balance results in penalties through monthly deductions.

To avoid these fees, ensuring the minimum balance is one choice. If that's not possible, promptly closing your Axis Bank account is crucial. This guide details the steps for closing Axis Bank's savings and current accounts.

Ensure your account balance is zero by withdrawing through an ATM or transferring funds via NEFT. When the balance is zero, visit your branch to acquire an account closure form. Carry your passbook, debit card, checkbook, and valid ID proof. It's wise to have photocopies of these documents for future use.

Alternatively, download the account closure form online for a hassle-free branch visit. Print the PDF closure form at your convenience from online access.

After filling out the form, submit it along with necessary documents to a bank official. Generally, the bank returns your passbook for personal records. An acknowledgment slip confirms the closure process.

The closure typically completes within 10 business days, with a confirmation message sent to the account holder. For questions or support, contact Axis Bank customer care at the toll-free number 1860 419 5555.

Currently, closing an Axis Bank account online is not available. However, downloading the closure form online can speed up the process.

Also Read: Guide on Closing a Kotak Mahindra Bank Account Online.