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    Closing an Account in ICICI bank

    Posted In India - By NitiN Kumar Jain On Friday, November 14th, 2008 With 21 Comments






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    Make note of the following points when closing an account in ICICI bank.

    1. Submit a signed application at any ICICI Bank branch along with the unused cheque book and ATM/debit card.
    2. Please note that if the account is closed in 30 days of account opening, then no charges will be applicable for account closure.
    3. If the account is closed after 30 days and within 1 year of opening the account, then the charges of Rs 500 will be applicable for the same.
    4. The balance amount will be sent to your communication address updated in their records through pay order or any outstanding amount in the account should be cleared before placing a request for the closure of the account.
    5. If your account is inactive, please submit a signed application to the branch where you have the account for its activation before placing the request for the closure of the account. (If the account is inactive or dormant).

    -NKJ

    Courtesy: ICICI bank

    NitiN Kumar Jain

    Nitin works in an IT MNC professionally but blogs and owns NKJ Live. He is also the co-owner of a professional start-up ARGHAM BYTES

    More Posts - Website - Twitter - Facebook

    • frendz

      Be sure of the charges..and remember to destroy the card and cheque-leaves in the presence of the branch people while handing over the application. Ensure to recheck the address on Bank’s records in case a payorder is to be sent later.
      Most important, why take all this trouble..just let the account be!

      • R Naseericici

        close ur account , if u leave it they will charge penalty even after ur death! in future if u open account somewhere they will take all ur money so take care !

        • http://nitinkumarjain.in NitiN Kumar Jain

          Oh is it ?? thanks for sharing??

    • frendz

      Be sure of the charges..and remember to destroy the card and cheque-leaves in the presence of the branch people while handing over the application. Ensure to recheck the address on Bank’s records in case a payorder is to be sent later.
      Most important, why take all this trouble..just let the account be!

    • http://nitinkumarjain.in/ Nitin Kumar Jain

      Yes, dear readers make note of the above comments …

    • http://nitinkumarjain.in Nitin Kumar Jain

      Yes, dear readers make note of the above comments …

    • VENKATACHALAM

      Dear Mr. Venkatachalam,

      As your account is linked with i-direct you need to de-registered the I-direct first and you may visit any nearest ICICI branch along with the debit card and any unused cheque leaves and a request letter.

      Our branch officer will assist you further.

      Regarding the Demat we have forwarded your query to the department concern. Our officer will assist you further in a separate mail.

      Sincerely,

      Vinay Kumar
      Account Manager
      ICICI Bank limited

      “ICICI Bank now offers 6.75% of interest p.a. on fixed deposits for 390 days, 590 days, 7.25% of interest on fixed deposit for 790 days & 7.75% of interest p.a. on 990 days w.e.f . 01.08.2009 . Please contact any ICICI Bank branch.”

      We value your feedback on your experience with our response to this query. Please click the “Feedback” tab and give us your views.

      Stay connected for communication by updating your contact details through “Forms Center” at http://www.icicibank.com

      —–Original Message—–
      Subject: Others

      Branch Id : 6135 Account Id : 613501090881
      Dear Sir,
      I have given application to close my SB account on 02.09.09. Initially i have used Demate account also. But I have given application to close my demate during three months back and subsequently disconnected. But on the day of application given to close my account i got the information that my trading account has not been disconnected. on this i have another application on 03.09.09 to close trading account. But at present i don’t know the trading account no. May I know the procedure of closing my SB account.

      By V.Venkatachalam

      From
      V.Venkatachalam
      Icici Bank A/c No. 613501090881

      To
      M/s. ICICI Bank

      Dear Sir/ Madam

      Sub: ICICI Bank SB Account closing – reg
      Ref: My SB account No 613501090881

      With reference to the above, I have given application to close my demat account during Ist quarter of 2009, in the ICICI demat office which is located in Nellai Plaza, Tirunelveli. They also told me that it will be delinked. Subsequently the same was delinked from my account.

      Further I have given application on 02.09.09, to close my SB account and I have handed over the ATM card and balance cheque leaves and asked me to take the balance amount from my account.

      Now I have received a letter that I have to delink my Demat account from my SB account. I don’t know the confussion on this and make necessary action to close my SB account and also I am not responsible for any default.

      Espected quick reply.
      I have not receivd any reply. This is worst service.
      By
      V.Venkatachalam
      (03.11.09)

    • VENKATACHALAM

      Dear Mr. Venkatachalam,

      As your account is linked with i-direct you need to de-registered the I-direct first and you may visit any nearest ICICI branch along with the debit card and any unused cheque leaves and a request letter.

      Our branch officer will assist you further.

      Regarding the Demat we have forwarded your query to the department concern. Our officer will assist you further in a separate mail.

      Sincerely,

      Vinay Kumar
      Account Manager
      ICICI Bank limited

      “ICICI Bank now offers 6.75% of interest p.a. on fixed deposits for 390 days, 590 days, 7.25% of interest on fixed deposit for 790 days & 7.75% of interest p.a. on 990 days w.e.f . 01.08.2009 . Please contact any ICICI Bank branch.”

      We value your feedback on your experience with our response to this query. Please click the “Feedback” tab and give us your views.

      Stay connected for communication by updating your contact details through “Forms Center” at http://www.icicibank.com

      —–Original Message—–
      Subject: Others

      Branch Id : 6135 Account Id : 613501090881
      Dear Sir,
      I have given application to close my SB account on 02.09.09. Initially i have used Demate account also. But I have given application to close my demate during three months back and subsequently disconnected. But on the day of application given to close my account i got the information that my trading account has not been disconnected. on this i have another application on 03.09.09 to close trading account. But at present i don’t know the trading account no. May I know the procedure of closing my SB account.

      By V.Venkatachalam

      From
      V.Venkatachalam
      Icici Bank A/c No. 613501090881

      To
      M/s. ICICI Bank

      Dear Sir/ Madam

      Sub: ICICI Bank SB Account closing – reg
      Ref: My SB account No 613501090881

      With reference to the above, I have given application to close my demat account during Ist quarter of 2009, in the ICICI demat office which is located in Nellai Plaza, Tirunelveli. They also told me that it will be delinked. Subsequently the same was delinked from my account.

      Further I have given application on 02.09.09, to close my SB account and I have handed over the ATM card and balance cheque leaves and asked me to take the balance amount from my account.

      Now I have received a letter that I have to delink my Demat account from my SB account. I don’t know the confussion on this and make necessary action to close my SB account and also I am not responsible for any default.

      Espected quick reply.
      I have not receivd any reply. This is worst service.
      By
      V.Venkatachalam
      (03.11.09)

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    • Alam Waqar67

      what is simple way for closing account of icici bank.. plz tell me

      • http://nitinkumarjain.in NitiN Kumar Jain

        Get in touch with bank authorities .. u will have submit a closing form …

    • http://www.facebook.com/people/Sonalblacksoft-Seo/100002081997872 Sonalblacksoft Seo

      I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.
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    • Ankush_thakkar2000

      what is simple way for closing account of icici bank.. plz tell me. because there are too much of service charges in icici bank. i don’t understand that people are deposited their money to saving or to wasting…….!

      • http://nitinkumarjain.in NitiN Kumar Jain

        Services charges have to borne when closing the account as mentioned above ..

    • Sharmaabh

      icic sucks, eventhough I had submitted application for closure of the account twice, they didnt closed accound instead billed me extra money …..

      • Equity Tips

        I Also don’t understand that people are deposited their money to saving or to wasting…….!

    • Intraday Tips

      Useful information shared. .  I am very happy to read this article. Thanks for giving us nice info. Fantastic walk-through. I appreciate this post.

      • http://nitinkumarjain.in NitiN Kumar Jain

        Thank u

    • NEHA K

      ICICI is one of the worst banks in India. The Branch Manager and staff themselves dont know what they are supposed to do and are inapt to solve. They waste customer’s time and make them run around with ofcourse no positive results. They have time to send out promotional offers but have no time and self conscious to solve the problem. They always advise wrong. be on your toes and always consult other banks. Seriously such a pain .

      • http://nitinkumarjain.in NitiN Kumar Jain

        yes they do .. sometimes …

        • http://www.facebook.com/daljit.bhandal2 Daljit Bhandal

          TRue ICICI Sucks