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Kotak Mahindra Bank (कोटक महिंद्रा बैंक) is a well-known Indian bank. You may have an account with such a bank. However, even if it is a reputable bank, you can close the Kotak Mahindra Bank account whenever you want. Here we will talk about ‘How to close Kotak Mahindra Bank account.’ Many individuals are looking for information about this on the internet, but there isn’t much. So, first and foremost, let me inform you that there is no online method for closing a bank account. Though you can start an account online using Aadhaar and PAN, you must visit a bank branch to close the Kotak Mahindra bank account . You can obtain the closure application form from the link provided below.
bank account with Kotak Mahindra Bank with account number xxx-xxx-xxx-xxx. I’m writing today because I’d like to close the account with the account mentioned above number. I am closing the bank account as I cannot utilize it because I have created a new account with another bank. I have already transferred all my funds from the old account to my new account, with only the minimum balance remaining. As a result, I am willing to close this account, and I would appreciate it if you could fulfill my request and close this bank account as soon as possible. Thanking You Yours Faithfully, (Name and Signature with Date) Account No.- xxx-xxx-xxx-xxx
Note: If you have an ATM card or a cheque book, please attach them as well.
If you want to close your ICICI bank account, you can check How To Close your ICICI Bank Account Online.
How to Close Kotak 811 Account Online ?
How do I close my Kotak 811 account?
We have some good news for you if you would like to close your Kotak 811 Account. The good news is that you can close your Kotak account online rather quickly. In this article, we will cover how to close a Kotak 811 account online.
Withdraw the remaining balance from your Kotak 811 account
Ensure that you have withdrawn all funds from your Kotak 811 account before closing your account. You may also transfer your entire balance to another account via UPI, NEFT, RTGS, or IMPS.
Download the Kotak 811 Account Closer Form
You may also download a copy of the Account closure form from the official Kotak website and submit it to your local branch. For a copy of the Kotak 811 account closure form, please click here.
Fill out the Kotak 811 Account Closer Form
Visit your nearest branch after you have cleared your account balance and obtain the account closure form, filling it in with the correct details.
Please attach your KYC documents.
The Kotak 811 Account Closure Form requires account holders to attach a copy of KYC documents, such as a copy of their PAN, which serves as proof of identity as well as proof of address. These documents may also need to be self-attested by the account holder.
Submit balance checks, debit cards, and passbooks
Submit the form to the bank executive along with your debit card, your passbook, and your checkbook. It is important to bring ID proof with you since the executive may ask for it.
Collect Receipt for Kotak 811 Account Closure Request
If you submit the account closure form and the other documents required to close your bank account, you will receive a copy of the acknowledgment, and your Kotak 811 account will be closed within 10 business days.
How can I close Kotak Mahindra account online?
It is not permissible to close the Kotak Mahindra account online. You must fill out a form and submit it to the firm to close your account. There are no fees associated with closing the account. However, the account can take seven days to get close.
How to close Kotak demat account?
Demat accounts are now required for all investors who trade in the stock market. You can have up to five Demat accounts. These accounts have their annual fees and maintenance expenses. As a result, investors should close any zero balance or inactive Demat accounts they may have.
You can start a Demat account online, but closing one is an entirely separate process. Follow the process given below to close the Demat account:
- To begin, you will require a closing form. It is available for download online.
- Fill out the details in the form and submit it with your Know Your Customer KYC documentation. These include identification and address proofs.
- Now submit the form with the supporting documentation to the nearest DP branch. You could also forward them to the DP’s office.
Close Kotak Mahindra Salary Account
It is easy to close Kotak Mahindra salary account, but you also have to visit the Kotak branch in this case.
1. First, download the account closure form online and take a printout.
2. In case of any dues or outstanding fees, you have to keep that amount ready.
3. Sign the form.
4. Visit the bank branch and ask the account manager or the PR person for the preceding actions.
Close Kotak Mahindra Bank Account Savings Account
To close your Savings Account, please call the bank Customer Experience Centre at 1860 266 2666 (local call rates apply) or visit your nearest Kotak Mahindra branch.
A bank account is required for various reasons, including serving as official address proof. A bank account statement is also required for a credit card or loan approval. As a result, you should rethink before closing your account.
FAQs
Can I Close Kotak Mahindra Bank Account Online?
Currently, there is no way to close your Kotak Mahindra Bank account online. You should always go to your local bank location to close your account physically. Alternatively, you can use online assistance to get the forms needed to close your account.
How Can I Close My Kotak Bank Account?
Please follow the above guide, and if you face any issue, don’t hesitate to contact the Customer Experience Centre at 1860 266 2666 or visit your nearest branch to terminate your Savings Account.
Are There Any Charges to Close Kotak Mahindra Bank Account?
You will be charged 1200 INR if you close your Kotak Mahindra bank account after one month & before six months of account opening. Note that – All charges are subject to change with a 30-day notice to account holders.
How Can I Get/Recover the CRN Number of the Kotak 811 Account?
To get/ recover the CRN Number of the Kotak 811 account, SMS CRN to 9971056767. For example, type CRN and send it to 9971056767, and you will receive an SMS with your CRN.
How to Close My Kotak 811 Account Online?
Unfortunately, you cannot close your Kotak account online; instead, you must visit a nearby branch to complete your Kotak 811 account online.
How Many Days Does It take to Close Kotak Mahindra Bank Account?
Once you submit the closure form and the necessary documentation, The account is closed within 7–10 working days.
How Can I Know Kotak 811 Bank Account Details?
– To know the Kotak Mahindra 811 Bank account details log in to Kotak 811 app using CRN and MPIN.
– Next, click on 811.
– Now, you can get the bank account number and IFSC code.
What is Kotak 811 Lite Account Limit?
The account balance cannot exceed Rs 10,000 at any time. As a result, full KYC must be completed within 12 months after account opening.
Conclusion
So this post was about “How to Close Kotak Mahindra Bank Account.” We will explain all you need to know about closing your Kotak Bank account. However, if you have any queries about any of the points, please leave them in the comments section, and we will willingly answer them. You can also contact Kotak Bank customer service for further information.