Close OBC Bank Account : Oriental Bank of Commerce is a well known bank in India. When you open a new account in OBC, at that point of time you might have never thought of closing your Oriental Bank of Commerce Account. There can be a number of reasons to close your bank account in Oriental Bank of Commerce. The reason may be due to bad behaviour of the bank staff, having multiple accounts and you are not able to manage them, due to closure of your company or it can even due to a dormant or inactive OBC Account which has not been used from quite a while.
Before you plan to close Oriental Bank of Commerce Bank Account, you must see to it that if your reason is due to improper behaviour of some staff of that specific branch, you can plan to transfer your OBC Bank Account. If you are planning to close your Oriental Bank of Commerce Account just because it has been dormant or inactive from a long time, you can reactivate dormant Account in Oriental Bank of Commerce easily. If you still think you want to close your Oriental Bank of Commerce Account, you can follow the step by step procedure for closing bank account in Oriental Bank of Commerce.
How to Close Bank Account in Oriental Bank of Commerce ?
If you are looking to close a Bank Account in Oriental Bank of Commerce, you need to follow the 3 important steps mentioned below. Let us now tell you the complete procedure of closing bank account in OBC.
1) Filling up Oriental Bank of Commerce Account Closure Form
Visit your OBC Home Branch and Ask for the Oriental Bank of Commerce Account Closure form and fill it up completely.
OBC Account Closure Form will require you to fill the following information :
- Account Holder’s Name
- Account Number
- Mobile Number of the Account Holder
- Option to receive the account balance by (1) Cash (2) Cheque/Draft (3) Balance transfer to any other Bank account
- Signature of Authorized Signatory of the Bank Account
Recommended Read :
- Link PAN Card with Oriental Bank of Commerce Account
- Link Aadhaar Card with Oriental Bank of Commerce Account
2) Returning your Debit Card, Cheque Book & Passbook
Along with the filled up Account Closure form you also need to surrender your Debit Card, OBC Cheque Book and Bank Passbook to your Oriental Bank of Commerce Home Branch.
In case you have not maintained your monthly average balance and your balance is below the minimum balance requirement, you will need to deposit the non-maintenance fine amount.
3) Submitting your Address & Identity Proof Documents
In order to prove your Identity and Address to your Oriental Bank of Commerce Branch, you may also need to provide the self attested photostat copies of your Proof of Address and Proof of Identity.
As soon as you complete the 3 steps to close Oriental Bank of Commerce Account, your account closure request will be processed and your account account will soon be closed. You will be receiving your Account Balance by the mode of payment mentioned in your Account Closure form i.e., via Cash, Cheque/Draft or by Direct Transfer to any other Bank Account.
Final Words :
You might have noticed that its quite easy to close Oriental Bank of Commerce Account offline by visiting the home branch. As of now there is no method to close bank account in Oriental Bank of Commerce Online. Closing a Bank Account in Oriental Bank of Commerce is usually not recommended to anyone. Apart from just usual banking features a Bank Account serves you many other important purposes such as it acts a valid address proof just by showing your Bank Passbook or Oriental Bank of Commerce Account Statement. Also, a bank statement is needed while you take a loan, credit card etc. So, if you just want to close your Oriental Bank of Commerce Account just for the sake of closing it, I think you must give it a second chance.