A terminated account is one that has been shut down or ended in some other way, either by the customer or manager, or through some other action by a counterparty. At this moment, it can no longer earn points or debits. Our quick and safe end-of-account process ensures that banking, investments, and other financial services are simple for you and keep your information safe while meeting regulatory demands.
People usually close accounts because they want to switch banks to banks with other better services, they have not used it in a long time, or they are worried about security. Closing an account that is not being used leaves nobody else the chance to get in without permission and it is also a good money management habit.
Send a written or online request to close your account to start the process.
Pay off any fees, charges, or payments that are still owed on the account.
Move the money you still owe to a different account before you close the old one.
As needed, return cheque books, debit/credit cards, and other papers that are related.
Close savings accounts that aren’t being used or aren’t needed to make managing your money easier and avoid paying maintenance fees.
People or businesses can close their current account as they switch banks or reorganize their funds.
Terminate matured fixed deposits or investment accounts when you intend to take or spend the money.
After fully paying off the loan, close loan accounts in a safe manner to avoid any unnecessary extra charges or risks of fraud.
Close credit cards which a person does not use or which have high fees to keep track of credit usage and keep away from unwanted charges.
For protection and proof reasons, you need to show a valid ID like Aadhar, PAN or passport.
To go through with the closing, a form must be properly filled out and signed.
Must be sent or turned off according to the bank's rules
Make sure that all fines, fees, or payments are paid in full before starting the closing.
To avoid delays, make sure you send all the necessary papers, such as proof of identity and a closing request form.
Stop auto-debits, linked investments, or bill payments so that you don't get charged extra money after the account is closed.
Close Your Account Securely – Contact Radiance Solution Today. Get help from a professional to close your account easily. For help, please email or call [email protected].
