Kotak bank account cannot be closed in online mode . The account can only be closed in offline mode by submitting the Kotak bank account closure form to the nearest Kotak Bank branch .
Kotak Bank is one of the most reputed banks in India. It provides banking products and financial services in the areas of personal finance, investment banking, and life insurance to its customers.
However, if you have opened an account with Kotak Bank and want to know the procedure to close it, then you are at the right place. Today, we’ll show you how to close a Kotak bank account in India.
How to close Kotak bank account online and offline in India?
Kotak Bank account cannot be closed online . You can only close the account in offline mode only, and to do so, you will have tovisit the bank branch where you first opened your account.
Here is the step-by-step procedure to close the account :
Step 1. Download the Kotak bank account closure form or you can get this closure form from the branch also.
Step 2. Fill in all the details in the form. The details include -
- Name of account holder(s).
- Bank account number
- Branch Name (where the account was opened).
- Reason of closing the account.
Step 3: Attach copies of your KYC documents, address proof, and your debit card, passbook, and chequebook.
Step 4. Submit the closure form and all the attached documents to your nearest Kotak bank branch.
Step 5: Receive an acknowledgment receipt for the account closure from the bank manager. Your account will be closed within 7 to 10 working days of successful submission of the form.
How to withdraw the remaining money from the account ?
It is advised to withdraw all money from the account before submitting the account closure form. However, if you still have money in your account that you want to close, then you can fill in the mode in the closure form. You can transfer money from that account through RTGS or NEFT to another account at Kotak Bank.
Close Kotak bank account online and offline in India
Kotak Bank can only be closed in offline mode by submitting the Kotak bank account closure form to the nearest branch. Your account will be closed 7–10 days after the closure form is successfully submitted.