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How do I fill this out?

To fill out this form, start by providing your personal details, including the account holder's name and account number. Next, indicate whether you are requesting closure or premature closure of your deposit account. Finally, select how you would like your proceeds handled.

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How to fill out the Request for Closure of NRE NRO FCNR Deposit?

  1. 1

    Enter your personal information accurately.

  2. 2

    Specify the type of request: closure or premature closure.

  3. 3

    Provide your deposit details and account number.

  4. 4

    Choose your preferred method for the proceeds.

  5. 5

    Sign and date the form before submission.

Who needs the Request for Closure of NRE NRO FCNR Deposit?

  1. 1

    NRE account holders looking to close their accounts.

  2. 2

    NRO depositors wishing to withdraw their funds.

  3. 3

    Individuals needing to manage their foreign currency deposits.

  4. 4

    Customers seeking to convert their deposits into other accounts.

  5. 5

    Anyone requiring a formal record of their deposit closure request.

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    Click on the text fields to make the necessary changes.

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What are the instructions for submitting this form?

To submit this form, please deliver it to your nearest branch or send it via the designated email address provided by your bank. You may also choose to fax it to the appropriate department if available. Make sure to keep a copy of the submitted form for your records.

What are the important dates for this form in 2024 and 2025?

For the year 2024, ensure to submit closure requests by March 31 for timely processing. In 2025, keep in mind that submission deadlines may vary, so check with your bank for specific dates. Stay informed to avoid any delays in processing your requests.

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What is the purpose of this form?

The purpose of this form is to enable account holders to officially request the closure or premature withdrawal of their NRE, NRO, or FCNR (B) deposit accounts. It ensures that all necessary information is collected to process the request efficiently. By completing this form, customers can retain a record of their request for future reference.

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Tell me about this form and its components and fields line-by-line.

The form includes essential fields for account details and instructions regarding the closure of deposits.
fields
  • 1. Branch Code: Indicates the branch where the account is held.
  • 2. Receipt Date: The date on which the request is submitted.
  • 3. Account Holder(s): Names of individuals requesting the closure.
  • 4. Deposit Type: Type of deposit to be closed or withdrawn.
  • 5. Deposit Number: Unique identification number for the deposit account.
  • 6. Instructions for Proceeds: Choices for handling the remaining balance after closure.
  • 7. Signatures: Signature lines for account holders to authorize the request.

What happens if I fail to submit this form?

If you fail to submit this form, your account closure request will not be processed. This may result in continued charges or interest on your account. Always ensure the form is completed and submitted accurately to avoid delays.

  • Delays in Processing: Not submitting the form may delay your request for account closure.
  • Continued Charges: Failure to submit can lead to ongoing fees or interest accruing.
  • Lack of Documentation: Without submission, you have no formal record of your request.

How do I know when to use this form?

You should use this form when you have decided to close or prematurely withdraw funds from your NRE, NRO, or FCNR (B) deposit accounts. It's essential to submit this form to formally initiate the closure process with your bank. This ensures proper handling of your funds and documentation of your request.
fields
  • 1. Closure of NRE Account: To close your Non-Resident External account.
  • 2. Withdrawal from NRO Deposit: For individuals wanting to retrieve funds deposited in NRO accounts.
  • 3. FCNR Deposit Management: When you need to manage your foreign currency deposits.

Frequently Asked Question

How do I request the closure of my deposit?

Fill out the NRE/NRO closure request form and provide your account details.

Can I edit the PDF online?

Yes, you can edit the PDF directly using PrintFriendly's editor.

How do I save my edited PDF?

Download the file after editing to save your changes.

What if I change my mind after submitting?

You will need to contact the branch directly to modify your request.

Can I fill out this form digitally?

Yes, the form can be filled out digitally using our PDF editor.

What types of deposits does this apply to?

This applies to NRE, NRO, and FCNR (B) deposits.

How long does the closure process take?

The processing time may vary; check with your bank for specifics.

Is there a fee for closing my deposit?

Fees can vary; please consult your bank for any applicable charges.

Where do I send the completed form?

Submit the form at your local bank branch or as instructed.

Do I need to provide identification?

Yes, valid identification may be required during submission.

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Request for Closure of NRE NRO FCNR Deposit

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