Axis Bank Savings/Current Account Closure Form
This document is a closure form for Axis Bank savings or current accounts. It requires detailed information from the account holder and mentions various modes for receiving closure proceeds. It also includes a declaration section and needs signatures from all authorized signatories.
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How do I fill this out?
To fill out this form, start by entering your account number and name. Next, indicate the reason for closing the account by selecting one of the provided options. Finally, choose the desired mode for receiving the closure proceeds and provide the necessary bank details.
How to fill out the Axis Bank Savings/Current Account Closure Form?
1
Enter the account number and name of the account holder.
2
Select the reason for closing the account from the provided options.
3
Choose the desired mode for receiving the closure proceeds.
4
Fill in the required bank details and reconfirm the account number.
5
Sign the form and attach any necessary documents, including a cancelled cheque if applicable.
Who needs the Axis Bank Savings/Current Account Closure Form?
1
Account holders who are dissatisfied with branch services and wish to close their account.
2
Customers who are moving to a location without Axis Bank branches.
3
Individuals who are opening accounts with another bank.
4
Deceased account cases or legal case account holders.
5
Customers whose all other relationships with Axis Bank are closed.
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On PrintFriendly, you can easily edit this PDF form by using our intuitive PDF editor. Simply click on the fields you need to fill out and enter the relevant information. Save your changes before printing or downloading the updated form.
1
Upload the PDF form to PrintFriendly.
2
Use the PDF editor to enter the required information in the designated fields.
3
Select the appropriate options for your reason for account closure and desired mode of remittance.
4
Ensure all information is accurate and add signatures in the required fields.
5
Save the changes and download or print the updated form.
What are the instructions for submitting this form?
Submit the completed form to your nearest Axis Bank branch. Ensure all required sections are filled out, attach a cancelled cheque if the closure proceeds exceed ₹25,000, and obtain signatures from all authorized signatories. For additional information, visit the Axis Bank website or contact customer service. Advice: Double-check all details and documentation to ensure a smooth and timely processing of your account closure request.
What is the purpose of this form?
This form is used for closing Axis Bank savings or current accounts. It gathers essential information from the account holder, including the reason for account closure and the desired mode of receiving closure proceeds. Completion of this form ensures a smooth and efficient account closure process.
Tell me about this form and its components and fields line-by-line.
- 1. Account number: Enter your account number.
- 2. Name of the account holder: Provide your prefix, first name, middle name, and last name.
- 3. Date: Enter the current date.
- 4. Reason for Closure of Account: Select the reason for closing the account from the provided options.
- 5. Desired Mode for Receipt of Closure Proceeds: Choose the desired mode for receiving closure proceeds and provide the necessary bank details.
- 6. Declaration: Read and agree to the declaration by signing the form.
- 7. Signature: Ensure all required signatures are included.
- 8. Bank Use Only: This section is for bank use and includes approval and verification fields.
What happens if I fail to submit this form?
Failure to submit this form will result in the account remaining open and any associated charges continuing to accrue.
- Accumulating Charges: Monthly/quarterly/half yearly charges will continue to accrue on the account.
- Missed Deadlines: Missed deadlines for closure can impact the processing time of the account closure request.
- Inactive Account Confusion: Failure to close an inactive account may lead to confusion and difficulty in future account-related actions.
How do I know when to use this form?
- 1. Dissatisfaction: When you are dissatisfied with branch services or the current product offering.
- 2. Relocation: If you are moving to a location where there is no Axis Bank branch.
- 3. Switching Banks: When you are moving your account to another bank or opening an account under different scheme code.
- 4. Deceased Case: Submit this form for a deceased case or legal account closure.
- 5. Other Relationships Closed: Use this form when all other relationships with Axis Bank are closed.
Frequently Asked Question
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What steps are involved in filling out the Axis Bank account closure form?
Steps include entering account details, selecting the reason for closure, choosing the mode of remittance, filling in bank details, and signing the form.
Is it possible to sign the Axis Bank account closure form online?
Yes, you can sign the form electronically using PrintFriendly's signature tool, ensuring your form is legally binding and ready for submission.
How can I share the completed Axis Bank account closure form?
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What should I do if I make a mistake while filling out the form?
You can use the PDF editor on PrintFriendly to correct any mistakes before saving and downloading or printing the final version of the form.
Do I need to attach any documents with this form?
Yes, you need to attach a cancelled cheque copy if the closure proceeds are more than ₹25,000.
What if I don't select a mode of remittance?
If no mode of remittance is selected, or if NEFT/RTGS remittance is returned, then DD/PO will be issued by default.
What signatures are needed on this form?
Signatures of all authorized signatories are mandatory to process the account closure.
Where can I find the terms and conditions for fund transfer?
The terms and conditions for fund transfer are available on the Axis Bank website at www.Axisbank.com.
