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How to Close a Bank Account in Bank of Maharashtra ?

Close Bank Account in Bank of Maharashtra : Bank of Maharashtra (BOM) is a well known bank in India. However, due to several reasons you might be looking to close your Bank of Maharashtra Account. Some of the reasons to close a bank account in Bank of Maharashtra might be improper behaviour of the staff, having multiple accounts in Bank of Maharashtra or other banks, having a dormant or inactive account from a long period, closed or planning to close a company and the associated current account. Before you finally think of closing your Bank of Maharashtra Account, you must know that Bank of Maharashtra is one of the biggest banks in India with a huge number of branches and ATMs across the country.

If you are planning to close down the Bank of Maharashtra due to misbehaviour of any employee(s) of a specific branch, you could consider transferring your Bank of Maharashtra Account to Another Branch. If you want to close your bank account in Bank of Maharashtra as it is dormant or inactive, you can easily reactivate dormant or inactive account in Bank of Maharashtra. If you are still not satisfied due to any reason and you have decided to close your Bank of Maharashtra Account, you can go through the step by step procedure given below to close bank account in Bank of Maharashtra.

How to Close Bank Account in Bank of Maharashtra ?

In order to close a Bank Account in Bank of Maharashtra, you will have to follow the 3 important steps given below. Let us now begin with the complete procedure for closing Bank of Maharashtra Bank Account.

1) Fill up Bank of Maharashtra Account Closure Form

Collect the Bank of Maharashtra Savings/Current Bank Account Closure Form from any Branch of Bank of Maharashtra. Fill up the Account Closure form completely once you have it with you.

Account Closure Form in Bank of Maharashtra will require the following information :

  • Account Holder’s Name
  • Account Number
  • Mobile Number of the Account Holder
  • Option to receive the account balance amount by (1) Cash (2) Cheque/Draft (3) Balance transfer to any other Bank account
  • Signature of Authorized Signatory of the Bank Account

2) Return your Debit Card, Cheque Book & Passbook

As soon as you fill up the Bank of Maharashtra Account Closure, gather all the documents received from your Bank of Maharashtra Branch such as Debit Card, Bank of Maharashtra Cheque Book & Bank Passbook. You are required to surrender these documents at the Bank of Maharashtra Home Branch during closure of your Savings/Current Bank Account.

In case your Bank of Maharashtra Account Balance is below the minimum balance requirement but above Zero, you will get the remaining amount only. However, if you Account Balance is in minus i.e., below Zero, you will need to follow an extra step to deposit the non-maintenance and/or fine amount.

3) Submit your Address & Identity Proof Documents

In order to prove your Identity and Address to the Bank, you may also need to provide the photostat copies of your Address and ID Proof Documents in Bank of Maharashtra.

Once you have completely followed the above 3 steps to close Bank of Maharashtra Bank Account, your request will be forwarded and processed to your Bank of Maharashtra Home Branch and your account will be closed. You will receive the Account Balance by the mode of payment mentioned in your Account Closure Form i.e., through Cash, Cheque/Draft or Transfer to any Other Bank Account.

Read Also : How to Block Bank of Maharashtra ATM cum Debit Card ?

Final Words :

Closing a Bank Account is usually not recommended to anyone. A Bank Account may serve you a lot of purposes like it acts an a valid address proof, bank statement is required while taking loan, credit card etc., for receiving funds and a lot more. So, if you are closing the Bank of Maharashtra Account just for the sake of closing it, you can think of giving it a second chance.

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2 comments

  1. Hi,

    In my college time, our college has opened my account in Bank of Maharashtra for scholarship amount. The last transaction was done in 2012. Recently I went to Bank and submitted the account closing application along with passbook & debit card. Firstly they accepted it but after some time I have got a call from bank & they are saying I need to pay the 3k amount as charges for non-maintaining minimum balance in the account. But I think when my account was inactive then why to pay charges. Plz, reply if you have any idea.

  2. Suppose I want to close my maharashtra bank account and in that case I’ve to submit all the required documents like address and id proof. In this case I’m hostetlite and now I don’t stay ata that place where I used to stay while opening the account…so it ll not be possible to provide that address proof to the bank..So what are the options for me in this case? Waiting for your reply..

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