HDFC Bank offers top-notch banking services that are easily and quickly accessible. There are different types of HDFC Bank accounts that come with unique features and benefits. Each type is customised for various categories, such as women, employees, senior citizens, kids and more. This guide will walk you through the process of HDFC account opening, its eligibility criteria and charges.
Points to Remember Before Closing of the HDFC Bank Account
- Unlink all the auto payments: Make sure you unlink all the autopayments connected with your existing HDFC Bank account. Otherwise, it can become challenging for you to make those payments after closing your account.
- Open a second bank account: To keep availing all your banking facilities, opening a new bank account before closing the existing one is essential. You can do so in the same bank or opt for a different one.
- Keep your bank statements: Even after you close your bank account, keeping your bank statements safe becomes a must. You might need them anytime to submit as income proof or use them for various financial purposes.
- Pay off all the outstanding dues: Make sure you pay off all the outstanding loans or dues associated with your bank account. Otherwise, you will not get the approval to close your bank account.
- Arrange for the necessary papers: When closing your bank account, you must submit certain documents such as KYC documents, credit cards, chequebooks, debit cards, etc. Only then can you complete the account closing procedure.
HDFC Bank Account Closure
- Presence of multiple bank accounts: If a person has numerous bank accounts, they can close one account to manage finances easily.
- Poor customer service experience: Many times, account holders are unsatisfied with the services and benefits despite round-the-clock customer support. Thus, they choose to close their account.
- Excess charges on transactions: Charges associated with financial transactions can, at times, become excessive, making it challenging for you to pay the money.
- Inability to maintain minimum balance: HDFC Bank makes it mandatory for account holders to maintain a minimum balance. This can become difficult for people.
- Relocation of account holders: If a person decides to relocate to any other country, they can close their bank accounts to avoid paying additional charges.
HDFC Bank Account Close Offline
- Step 1: Visit the official website of HDFC Bank.
- Step 2: Download the account closure form.
- Step 3: Fill it up with all the accurate details.
- Step 4: Visit your nearest bank branch along with the form.
- Step 5: Submit all the documents and initiate the procedure.
FAQs
Can I withdraw just a portion of my HDFC FD prematurely?
Yes, you can make a partial withdrawal of your HDFC FD account.
If I do a premature closure of my FD account, what will be the interest payable?
If you are prematurely closing your HDFC account after 3 months of opening it, the rate of interest is the same as when it was opened. If it is closed after 3 months but within 6 months of opening, the interest rate is 3.00% p.a. If it is closed after 6 months but before the maturity date, the interest rate will be 1.00% lower.