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F×DEM×7.5×21 Account Closure Form Application No. Date Closure Initiated by BO DPC DSL (To be filled by the BO. Please fill all the details in Block Letters in English) Dear Sir / Madam, I / We

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How to fill out account closure form

How to Fill out Account Closure Form:

01

Obtain the Account Closure Form: Contact your bank or financial institution to request the account closure form. It can typically be downloaded from their website or obtained in person at a branch.

02

Provide Personal Information: The form will require you to provide your personal details such as your full name, address, contact number, and account number. Make sure to fill in this information accurately and legibly.

03

Indicate Reason for Closure: Choose the appropriate reason for closing the account from the options provided on the form. Common reasons include switching banks, consolidation of accounts, or dissatisfaction with services.

04

Verify the Closure Process: Check if any specific requirements or conditions need to be met before the account can be closed. This may involve transferring funds to another account, returning unused checks or ATM cards, or discharging any outstanding loans or overdrafts.

05

Sign and Date the Form: Once you have completed all the required sections, sign and date the form. This signature serves as your consent to close the account according to the information provided.

06

Submit the Form: Return the completed account closure form to your bank. You can either do this in person at a branch or send it through mail as advised by the bank. Make sure to keep a copy of the form for your records.

07

Follow-up and Confirm Closure: It is recommended to follow up with your bank after submitting the closure form to ensure that the account has been successfully closed. Confirm the closure and inquire about any further steps you may need to take.

Who Needs an Account Closure Form:

01

Individuals Closing Personal Accounts: If you are an individual looking to close a personal bank account, you will need an account closure form. This could be due to various reasons such as moving to a new bank, no longer needing the account, or merging with another account.

02

Businesses Closing Accounts: Business entities, including sole proprietorships, partnerships, or corporations, may also require an account closure form to formally close their business accounts. This is necessary, especially if the business is closing or changing its banking institution.

03

Account Holders Switching Banks: Customers who are switching banks and wish to close their existing account will need to complete an account closure form. This ensures that the account is properly closed, and any outstanding balances or transactions are addressed.

Remember to consult with your specific bank or financial institution as requirements might vary, and they may have their own specific procedures to follow when filling out the account closure form.

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What is account closure form?

Account closure form is a document used to officially close an account.

Who is required to file account closure form?

Account holders are required to file account closure form.

How to fill out account closure form?

To fill out account closure form, you need to provide your account information and reason for closure.

What is the purpose of account closure form?

The purpose of account closure form is to notify the financial institution about your decision to close the account.

What information must be reported on account closure form?

The account holder's name, account number, reason for closure, and signature must be reported on account closure form.

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