There can be many reasons to close a bank account; so read this guide thoroughly. One of the main reasons for closing a bank account is having more than one account. Because, you have to maintain a minimum monthly balance for account operation, which can be a problem.
Another reason could be that the banking services are substandard or your address is about to change. But it may also happen that you do not want to operate your account and want to close the account anyhow.
If you are searching solution on the internet to close your Union Bank of India Account. So rest assured, this step-by-step guide will be fully dedicated to helping you close your UBI bank account.
But before closing your Union Bank account think once about why you want to close it. If, for example, you are experiencing the problems listed above, we suggest that you close your account. So, this guide will help you do that, check the below steps.
Steps to Close Union Bank Savings Account
It is best to close your Union Bank of India account by visiting the nearest branch. But for this, you have to submit an account closure form. You can download the account closure form online or get it by visiting the branch over the window.
But, before submitting the closure form, ensure that you have fulfilled the following criteria. Otherwise, it will be rejected by the bank.
- Make sure you have zero balance in your account.
- Clear all bank loans.
- Submit your debit card and bank passbook.
- Also, submit your chequebook if you have used it.
You have to complete the following steps to close your Union Bank of India bank account:
- Step 1: Firstly, collect the Union Bank of India Account Closure Form, which will be available online as well as offline at the branch.
- Step 2: You need to enter your name, account number, address, phone number, e-mail ID, signature and reason for closing the account.
- Step 3: Attach the required documents, like your Aadhaar and PAN card.
- Step 4: Submit all banking products, like your debit card, credit card, chequebook, bank passbook, etc. Cut all the cards into 4 pieces.
- Step 5: Clear all banking dues; the bank account should have zero balance. Also check, that the account balance should not a negative balance.
Finally, submit the closure form to the bank manager, you will get a reference number on successful submission. It will take 10 working days to close your account permanently.
How to Close Union Bank Account Online?
Union Bank of India does not offer to close your bank accounts online. You have to visit the nearest branch for closing your UBI account forever. You can download the account closure form online only.
So, see below; we have shared a direct link for the closure form of UBI, from which you can download it online. Once downloaded, fill out the closure form by entering your details and attaching the required documents.
Send it to the bank address or visit the nearest branch for submission. Your Union Bank account will be closed within 10 days after successful submission.
Union Bank Closure Form: download:
FAQs
Unfortunately, there is no option to close the Union Bank account online. You can download the closure form online only.
Collect the closure form, fill it out and attach your banking and personal documents, Next, submit it to the bank manager.
If you close your account within 14 days, no closing fee will be applicable. However, within 12 months, the fee for closing the account with a chequebook will be Rs 173; without a chequebook, the account will be Rs 130.
No, you can not close your Union Bank account with a negative balance. Your bank account must be a zero balance while closing.
