If you have more than one bank account or want to close your ICICI Bank account somehow, you can. To continue with an ICICI Bank account, you need to maintain a minimum balance of Rs.10000/- per month for savings accounts. If you are unable to keep it, the bank will charge for it.
So, it may be trouble for a typical customer to maintain it for a long time. In such a situation, you can close your ICICI bank account online by downloading the closure form.
It may also happen that you do not want to use your ICICI Bank account for some other reason. In such a situation it is better that you close your account. If you think so, then this article can help you close your ICICI Bank account online.
So, first, you have to fill the form by downloading the closure form online and submit all the required documents, including debit cards, credit cards, chequebooks, passbooks etc.
How to Close Your ICICI Bank Account?
There is no direct option to close a bank account in ICICI online, but you can download the bank account closure form online from the official website.
So, first of all, you need the account closure form, and then you can proceed with the further steps, which we have shared below.
- Download ICICI Bank Closure Form Online
- Fill out the Closure Form Correctly
- Attach Required Documents
- Withdraw the Balance Amount from Your ICICI Bank Account
- Make your ICICI Bank Account Zero
- Submit the Remaining Bank Passbook, Debit Card, and Credit Card
- Collect Acknowledgement Receipt
Minimum Balance in ICICI Bank
The minimum monthly balance required to maintain an ICICI Regular Savings Account is as follows:
| Metro / Urban Areas | Rs 10000/- |
| Semi-Urban Areas | Rs 5000/- |
| Rural Areas | Rs 2500/- |
See also – Close Axis Bank Account Online
Steps to close ICICI bank account
When you are ready to close your ICICI Bank account, download the closure form online or visit your ICICI Bank branch counter for the account closure form.
Fill out the closure form carefully with all the details mentioned in the closure form. Here, you have to fill out all details like your account number, your name and your registered mobile number.
- Download the ICICI bank closure form online or visit the ICICI Bank branch where you have opened your account.
- Fill out the closure form with all your details carefully. Attach the required documents with your closure form, like your Aadhaar card, PAN card, chequebook, etc.
- Withdraw the remaining balance from your ICICI bank account. You can transfer your balance amount in several ways to your other accounts.
- Make sure you have made your account balance zero. If your account balance is a minus or plus sign, there will be a problem.
- Submit the remaining bank passbook, debit card, and credit card to the ICICI bank officials. Collect acknowledgement receipt when it approves.
- Wait for the confirmation, you will get the completion confirmation message. Check whether your account is permanently closed or not.
This is the way to close ICICI Bank accounts, even in other banks.
How to Close ICICI Bank Account Online?
Unfortunately, there are no one-click methods online to close ICICI Bank accounts. You can download the ICICI Bank Account closure form online and don’t need to visit the branch.
Fill out the ICICI Bank closure form carefully, and submit it at the nearest ICICI office, whose address also you can quickly locate online.
But before proceeding, you need to clear all the balance from your account by visiting the branch.
Can we close with a negative balance?
To close the ICICI Bank account, it is necessary to make zero balances in your bank account. If you have a negative balance in your ICICI bank account, then you cannot close it. Then, you need to transfer via UPI or mobile payment app or deposit the same amount in your account by visiting the branch.
Next, get the closure form at the counter, fill it out and submit it to the bank manager. The manager will verify the details and confirm your closing account.
Closure charges
There will be no charge for closing the ICICI Bank account if you do it within 14 days after opening. The minimum required account balance will be charged if the ICICI Bank account is closed after 14 days of opening or within 12 months. However, discussing this with your bank manager is the best course of action. It may change over time.
See also, – How to Close HDFC Bank Account
FAQs
A: Unfortunately, you cannot close your ICICI Bank account online, and you have to visit the branch to submit the closure form. You can download the closure form online only.
A: No, you cannot close an ICICI Bank account with a negative balance. You must zero it in your bank account before proceeding to close.
A: It will take at least 7-8 business days to close your account in ICICI Bank.
