Founded in 2015, IDFC First Bank is one of the prominent private-sector banks, headquartered in Mumbai. While renowned for its diverse range of banking services and products, there are instances where account holders opt for account closure. Besides providing convenient account opening facilities, IDFC Bank also ensures a streamlined process for account closure.
In this guide, you will learn how to close the IDFC First Bank account online and offline.
How to Close an IDFC First Bank Account Online?
Here is a step-by-step procedure you need to follow for IDFC First Bank online account closure:
- Step 1: Visit the official website of IDFC First Bank.
- Step 2: Log in to your account using your credentials.
- Step 3: Select the ‘Account Services’ button and next click on ‘Account Closure’.
- Step 4: Choose the account you want to close online and press the ‘Continue’ tab.
- Step 5: Provide the reason as to why you want to close your IDFC account and click on the ‘Submit’ tab.
- Step 6: After submission, you will receive a confirmation message on your registered email ID and mobile number.
After confirmation of your request to close the IDFC Bank account online, the bank will close your account within 7 working days.
How to Close an IDFC First Bank Account Offline?
Follow the steps mentioned below to close your IDFC First Bank account offline:
- Step 1: Visit the nearest branch office of IDFC First Bank, and ask for the account closure form from the bank representatives.
- Step 2: Fill up the form with the required information and provide your signature.
- Step 3: Attach the required documents like identity proof and address proof to your account closure form.
- Step 4: Submit this duly filled form with documents to the bank’s branch.
- Step 5: Collect the acknowledgement slip from the branch and save it for future reference.
- Step 6: Settle any pending transactions like cheques, deposits, fees, or interests at the branch before account closure.
- Step 7: After 5 to 7 working days, visit the IDFC Bank branch to collect the final confirmation letter for account closure.
Documents Required to Close IDFC First Bank Account
Here is a list of documents you are required to submit to close the IDFC First Bank account online:
- A duly signed IDFC First bank account closure form
- Identity-proof documents like an Aadhaar card or PAN card
- Address proof documents like utility bills
- Latest IDFC bank account statement or cancelled cheque
- Your bank passbook if it was issued
Pre-Closure Considerations for IDFC First Bank Account 2024
Here are the essential points you need to consider before you decide to close your IDFC online account:
- Complete or cancel all transactions that are still pending
- Turn off any automatic payments that are connected to your IDFC First Bank account
- Set up redirection for any direct deposits to your new account
- Ensure that your account does not have negative balances or overdrafts, and clear all such dues if they exist
Closing IDFC First Bank Account Online With Negative Balance
If you request to close the IDFC First Bank account online while it has a negative balance, the bank will decline your request. The bank will further ask you to pay the amount first and then accept your account closure request.
Generally, IDFC Bank does not allow you to keep a negative balance in your account. If you overdraw the amount from your bank many times or keep your account balance negative for a long time, the bank will close your account.
IDFC First Bank Account Closing Form PDF 2024
To close an IDFC first bank account online, you need to download the account closure form from the official website. Additionally, you need to sign it and attach the required documents with the form. You can search for the form online or get the IDFC First Bank account closure form pdf from here.
IDFC First Bank Customer Care for Account Closure Assistance
If you have any issues or queries related to IDFC First Bank account closure, you can contact them at the following details:
| Toll-Free Number (For Indians) | 1800 10 888 |
| NRIs (From USA) | 1833 703 9805 |
| NRIs (From UK) | 1800 314 585 |
Final Word
Understanding how to close the IDFC First Bank account online or offline is crucial when it comes to concluding the banking relationship. Be it online or offline, make sure to finish all pending transactions and gather the required documents to make the process easier. Additionally, always retain the confirmation of your closure request for future reference.
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FAQs
Here are the reasons why would you consider closing the IDFC First Bank account
Switching to a bank with better services or offers
Moving to an area where IDFC First Bank is not available
If you are unhappy with the bank’s products or services
Consolidating accounts due to life changes like marriage
Here are the tips you need to follow to close the IDFC First Bank account online:
Settle your outstanding payments before submitting the request
Withdraw your remaining account balance via cash or cheque
Track your IDFC First Bank account closure request status until it is completed
No, you along with all the joint account holders have to submit the account closure form and the required documents to close the joint IDFC First Bank account.
The IDFC First Bank account does not charge any fees for account closure.
It usually takes around 5 to 7 working days to close your IDFC First Bank account.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
