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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

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

Displaying 21 Comments
Have Your Say

  1. frendz says:

    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!

  2. frendz says:

    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!

  3. Yes, dear readers make note of the above comments …

  4. Yes, dear readers make note of the above comments …

  5. VENKATACHALAM says:

    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)

  6. VENKATACHALAM says:

    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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  8. Alam Waqar67 says:

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

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  10. Ankush_thakkar2000 says:

    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…….!

  11. Sharmaabh says:

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

    • Equity Tips says:

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

  12. Intraday Tips says:

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  13. NEHA K says:

    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 .