But when it comes to a closing of bank accounts that is when the real inertia comes.

This article talks about, Why should you close a bank account, Steps Involved in Closing Bank Account.

One needs to visit their home branch or at least the nearby branch for further procedure.

In some banks, a simple No Objection Certificate (NOC) of the non-present partner should work.

Or you can get the amount as Cash (if less than the amount ex: 20,000 for HDFC bank account) or Demand Draft or transfer to another account in the same bank.

Account closure form can be obtained from the bank website online or from the bank.

Some banks may ask the account holder to destroy the debit card once the account holder has applied for account closure procedure.

Any fine, dues or other value-added services will then be charged to the account holder.

For example, SBI charges Rs 500 GST if you close the account within a year.

Often when we change jobs we have to open a new account as companies have tie-ups with different banks and we get a salary account, which has many perks such as zero minimum balance.

Charges by SBI account are given below and for details, one can read our article Do you know Bank Charges on Saving Accounts, QAB, MAB.

You will also have to maintain a monthly average balance to avoid penalties.

The charges vary depending upon the branch location and degree of the shortfall.

It may seem painful going to the bank to close the account but it is necessary.

Noc Format For Bank Of India