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Docs Required for Closure of Bank Account

  • Thread starter Thread starter Sreekant
  • Start date Start date
  • Replies Replies 4
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Sreekant

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Hi Buddies,

I had opened a SBM bank account via the INDMoney app.
I requested INDMoney team to close my SBM account as I am not using it.
They have requested for my Pan Card(self attested) and Aadhar(masked) for closing my SBM document.
I was aware that KYC is required while opening an account, but wasn't aware that it is required to even close it.
INDMoney is insisting on these documents and I am not sure if I should share it with them.
I searched over the internet but cudnt find any pointer confirming or denying this, except for the fact that latest Supreme court order states that Aadhar cannot be mandatory for account opening.

Kindly advise if these documents are mandatory as per RBI for account closure.
Appreciate any pointers.
 
Yes, they require it. I recently closed my mother's savings account in sbi and they demanded everything again.

But, if they insist and don't close the account even after providing the documents, then make sure to drop an email and get a ticket, in order to avoid minimum AQB charges.

Banks are pretty notorious for not wanting to close relationships.

Regards,
 
I was asked to provide self-signed Aadhar and PAN along with a scanned hand-written application when I requested closure of loan account in SBI.

The manager said it's to verify the identity as I requested the account closure via email.
 
Hi Buddies,

I had opened a SBM bank account via the INDMoney app.
I requested INDMoney team to close my SBM account as I am not using it.
They have requested for my Pan Card(self attested) and Aadhar(masked) for closing my SBM document.
I was aware that KYC is required while opening an account, but wasn't aware that it is required to even close it.
INDMoney is insisting on these documents and I am not sure if I should share it with them.
I searched over the internet but cudnt find any pointer confirming or denying this, except for the fact that latest Supreme court order states that Aadhar cannot be mandatory for account opening.

Kindly advise if these documents are mandatory as per RBI for account closure.
Appreciate any pointers.
Any update regarding this, how did you close it.
 
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