Bank accounts have become part and parcel of our life here in India and also globally. I used the word accounts and not account. That is because these days almost each one of us has multiple bank accounts active.
And sometimes we may not be using our extra accounts and wish to close them. In this article, I will explain to you the process to close SBM Bank account.
There are a few things that you need to take care of when you are closing your bank account. We will discuss all of that in this article.
But before we proceed there is a question that you may have in your mind. And is Can I close my SBM Bank account online?
The answer to this question is No, you can not close your SBM Bank account online. You will have to follow the offline method to close the account.
Before you close your bank account make sure that you have transferred out all of your money to your other account and bring the account balance to zero.
I would also like to mention that you can not use the debit card, UPI, and cheque book of your account once it is closed. And this is very obvious.
- Visit SBM Bank India’s branch near your location.
- Collect an account closure application form.
- Fill out the form with all the details like your name and account number, etc.
- Submit the duly filled account closure form to the bank officials.
- Surender your blank cheques, debit cards, and bank passbook.
- And your account will be closed by the bank within 2 working days.
Please note that SBM Bank will charge you Rs. 200 as account closure charges if you are closing your account before 6 months of opening the account.