I have had the unfortunate privilege of owning a HDFC Bank 3-in-1 Account (Savings, Demat — linked to Savings, and Trading). The Demat and Trading accounts were used for a grand total of two transactions. The Savings account saw a token amount being deposited, then saw the two transactions, and then saw a zero balance. To date, I have no idea why I opened this account. I closed the Trading account by handing over a simple letter at the base branch. The Demat account couldn’t be closed because it was linked to the Savings, which therefore needed to be closed first.
Here’s how you can close your HDFC Bank Savings Account:
- Reduce your account balance to zero.
- Take a photocopy/scan of your debit card (for backup and safety).
- Take a photocopy/scan of the first and last unused check leaves in your checkbook (for backup and safety).
- Go to your base branch (where you opened your account).
- Fill out an account closure form.
- You’ll be intimated of your account closure by post. If you don’t receive any intimation within a week or two, call customer care and confirm account closure (keep your Customer ID and Phone Banking PIN handy).
- Tear-up your unused check leaves, debit card, and any other leftovers.
Any balance leftover in the account after closure will be returned via. demand draft. Uncredited interest amount, if any, will be accounted for in this reimbursement.
Here’s a pictorial view of the end of my HDFC Bank Savings Account.
Tip Tuesdays is my initiative to share practical personal finance tips — every Tuesday. I’d be delighted if you could share a tip or two from your own experiences. Drop a comment to submit your tip. And, as always, do spread the word if you find this useful.
Further reading:
- Tip Tuesdays: Why You Should Not Own a Credit Card From a Bank Where You Also Have Other Deposits
- Tip Tuesdays: Can I Pay My Credit Card Dues Even Before I Receive a Statement From My Bank?
- Tip Tuesdays: When’s a Good Time to Pre-close a Personal Loan?
- Tip Tuesdays: Financial Clutter — Keep It Or Close It?
- Tip Tuesdays: What You Should Do With Those Redeemable Vehicle Parking Coupons
{ 12 comments… read them below or add one }
No scissors this time? Your hands should have made it to the picture instead. :-P
Anyway, how many other accounts (of different kinds) do you still own? May be you can start evening classes on closing bank accounts. :-P :-P
Good catch! I missed including the scissors.
And these accounts are a burden of the past S.
Oh! And btw, we trust you completely. You don’t have to give us pictorial evidence every single time :)
No, I am not complaining – pictures are always welcome, adds colour to your blog. Just letting you know.
Hi people, I will tell my friend’s experience in closing his HDFC bank A/C, simple, he left ZERO balance in his savings A/C and dint do any transactions for over 6 months and his A/C was deleted……….. ;-)
Cheers
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Good Info on closing account. I opened my savings a/c, Demat a/c with HDFC when I was in India…later I moved to USA and still have those account active. Can you advise how can I close those from US?
Its been a long time vinaya. No posts from you ?
I am also planning to do same, any idea what to do with Credit Card
hi!!!
I have a salary account in HDFC bank,branch-Jharsuguda, Orissa. I am currently in Bangalore. I would like to know if I can close my bank account at Jharsuguda by visiting any of the branches in the city or do I have to visit the base branch to file the closure. Please reply ASAP.
Regards,
Biswaranjan Dash
Good Info on closing account.
close the account no. 05831000013963
i am anoop gangwari . my saving account 05831000013963, in your hdfc bank , EP-17, Old railway Road, Sadar Bazar, Gurgaon .
I want to close the above metion account number. becauce bank is extra charges in debit the my account .but i am maintain the quaterly balance every quateely,
i had requested on 13 july 2010, but not responce till date. please action Immediately,I await for your responce , Please you are also requested to close the my account no. 05831000013963.
Thanking You
With Warm Regards
Anoop Gangwari
8010432010
hi
I have a salary account in HDFC Bank, branch madipakkam.. within a one year i didnt do any transactions… my PF amount will be credited Rs.2170 but the bank will debit the AQB charges for Rs.807 and Rs.876 but i dont know why the bank will debit that amount… How to credit this amount in my account… and also i want to close the account… is there any possible to close the account in anyother branches….