Citibank Account Closure without Visiting Branch
Last week when Citibank sent me a mail informing that my Citibank Suvidha Account will be automatically converted to the new Citibanking Account (in which I will have to maintain a monthly net relationship value (NRV) of Rs.2 lakhs, failing which a monthly charge of Rs.500 was applicable), I decided to close my citibank account. I was thinking it would take a lot of effort because of the fact that Citibank has only 2 branches in Bangalore both of which are too too far away from my house. So I decided to call the customer care and ask. And my luck... they said no need to visit the branch, the closure application can be couriered!
This is what I had done for closure of my citibank account:
Made account balance close to zero.
Wrote the closure application (see below for sample letter) and signed it with date.
Destroyed my card and cheque book
Speed posted my application to this address: Citibank N.A., Mail Room, No. 2, Club House Road, Chennai - 600002
Sample closure letter
Thats it! Within 10 days I got a sms - "Your account is closed. ATM card / Cheque book of this account are no longer valid." The next day from this, I also got the proceeds towards my account closure, i.e., a cheque of the amount I had left in my account.
Neat. I liked the way it was done. Most banks ask for explanation on why you want to close and they make the closure procedure difficult. But luckily with citibank I did not face all this. Hope you find this article useful.Category: finance
But i don't wanted to leave Citi bank so i had words with Citi customer care and then they suggested me to convert suvidha salary account to zero balance saving account. Just download form from Citi bank site and send it to chennai office after filling the form.
I have recently changed my job and would no longer get salary on my citibank suvidha salary account.
Could you let me know how long i could keep the account from not being charged.
Constraints if i opt for a closure now
1) I have given the same account number for my Full n Final settlement from my previous company
2)I have given the same account for my PF withdrawal.
Please do let me know
1. Citibanking (converted auto by citibank) 2. ERA
My ERA has +ve balance. My Citibanking a/c is -ve balance.
But they have not deducted 500 each month as per stmt by end of March. After March I did not get any a/c stmt at all from them. I have close to -1000 rs. in my citibanking a/c as per 1st Apr 2014. So it means they haven't deducted 500 each month starting Mar 2013 right? How come? or am I getting something wrong here?
Underlying logic is make it 0 by any means and immediately follow it by Closing the a/c.
You have shared a simple procedure to close the account.
I am going to write it today.
I have a suvidha account now am not using it, now i see that the account is in Negative balance, how do i close the account.
Thank a ton Neha.
thanks a ton :)