How can I close my inactive account in SBI?
How can I close my inactive account in SBI?
Get the account closure form: get the account closure form from the nearby SBI bank branch; the bank executive will give you the Account Closure Request Form or CDSL. or download the SBI account closure form online. Fill the SBI account closure form: fill in the requested details in the account closure form.
How long does a bank account have to be inactive to be deleted?
Definition of a Dormant / Inactive Bank Account? If you SB or current account hasn’t witnessed any transactions(credit/debit except interest credited the bank, deduction of service charges, for more than 1 year, the account is rendered inactive. On exceeding 2 years, the account is declared dormant/inoperative.
What if my SBI account is inactive?
-Write an application to the bank: If you find out that your bank account has been inactive, then send a letter to your SBI bank manager requesting revalidation of the unserviceable account. You must also mention the reason as to why your bank account was dormant if the time period has exceeded two years.
Can we close SBI account online?
You cannot close your SBI bank account online. The customer needs to visit his or her home branch where they opened the account. The procedure to close SBI Savings account and SBI Salary account are same.
Do I need to close bank account?
You don’t need a reason to close a bank account, however there are numerous reasons you might want to. Here are some of the more common reasons to move on from your current account: Moving to a new city or state. To get better interest rates.
How do I activate an inactive account?
Most banks, none-the-less, will have following steps:
- Submit a written Reactivation Application. You will have to file a written application to reactive your dormant account.
- Submit KYC documents. You will have to submit your KYC documents alongside your reactivation application.
- Make a small deposit.