How to Close a Bank Account in Karnataka Bank?


Close Karnataka Bank Account: Karnataka Bank is a well-known bank in India. When you open a new account in Karnataka Bank, at that point of time you might have never thought of closing your Karnataka Bank Account. There can be a number of reasons to close your bank account in Karnataka Bank. The reason may be due to the bad behavior of the bank staff, having multiple accounts and you are not able to manage them, due to closure of your company or it can even due to a dormant or inactive Karnataka Bank Account which has not been used from quite a while.

Before you plan to close Karnataka Bank Account, you must see to it that if your reason is due to improper behavior of some staff of that specific branch, you can plan to transfer your Karnataka Bank Account. If you are planning to close your Karnataka Bank Account just because it has been dormant or inactive from a long time, you can reactivate dormant Account in Karnataka Bank easily. If you still think you want to close your Karnataka Bank Account, you can follow the step-by-step procedure for closing bank account in Karnataka Bank.

How to Close Bank Account in Karnataka Bank?

If you are looking to close a Bank Account in Karnataka Bank, you need to follow the 3 important steps mentioned below. Let us now tell you the complete procedure of closing bank account in Karnataka Bank.

1) Filling up Karnataka Bank Account Closure Form

Visit your Karnataka Bank Home Branch and Ask for the Karnataka Bank Account Closure form and fill it up completely.

Karnataka Bank Account Closure Form will require you to fill in the following information :

  • Account Holder’s Name
  • Account Number
  • Mobile Number of the Account Holder
  • Option to receive the account balance by (1) Cash (2) Cheque/Draft (3) Balance transfer to any other Bank account
  • Signature of Authorized Signatory of the Bank Account

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2) Returning your Debit Card, Cheque Book & Passbook

Along with the filled-up Account Closure form you also need to surrender your Debit Card, Karnataka Bank Cheque Book and Bank Passbook to your Karnataka Bank Home Branch.

In case you have not maintained your monthly average balance and your balance is below the minimum balance requirement, you will need to deposit the non-maintenance fine amount.

3) Submitting your Address & Identity Proof Documents

In order to prove your Identity and Address to your Karnataka Bank Branch, you may also need to provide self-attested photostat copies of your Proof of Address and Proof of Identity.

As soon as you complete the 3 steps to close Karnataka Bank Account, your account closure request will be processed and your account account will soon be closed. You will be receiving your Account Balance by the mode of payment mentioned in your Account Closure form i.e., via Cash, Cheque/Draft, or by Direct Transfer to any other Bank Account.

Final Words:

You might have noticed that it’s quite easy to close Karnataka Bank Account offline by visiting the home branch. As of now, there is no method to close bank account in Karnataka Bank Online. Closing a Bank Account in Karnataka Bank is usually not recommended to anyone. Apart from just usual banking features a Bank Account serves you many other important purposes such as it acts as a valid address proof just by showing your Bank Passbook or Karnataka Bank Account Statement. Also, a bank statement is needed while you take a loan, credit card, etc. So, if you just want to close your Karnataka Bank Account just for the sake of closing it, I think you must give it a second chance.

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