If you are an Airtel customer, then you would know the benefits that the Airtel payment bank brings. If not, then do not worry because in this article, we will be decoding the simple and easy steps on how to close Airtel payment bank account. So, keep reading the article till the end, as we will be helping you to navigate through the simple steps.
What is an Airtel Payment Bank Account?
Folks, before we give you a detailed account of the simple steps on closing Airtel payment bank account, let me give you a brief overview of these accounts. An Airtel payment bank account is basically an online portal that is committed to revolutionising the face of banking in India, where banking is made easy, reachable, and customer-friendly.
The web portal and app seamlessly allow for making online payments easier and also retail banking services with a customer-centric approach towards everything. It aspires to be a more inclusive and accessible banking system that respects all Indians so they can easily avail themselves of the hassle-free banking experience.
Now that you have a good understanding of the Airtel Payment Bank account, hop onto the next section of the article to decode some of the key points that you need to keep in mind when you are looking to close the Airtel payment bank account.
Key Points to Remember Before Closing the Airtel Payment Bank Account
Before you jump into knowing the process of how to close Airtel payment bank account, here are some of the key points that you need to keep in mind when you are actively looking to close the Airtel Payment bank account:
Transfer All Funds
One of the most important things that you need to know when you are looking to close the Airtel Payment bank account is to make sure to transfer all the funds. Make sure that all remaining balances are transferred to another bank account so that money is not left in the account.
Download the Account Statements
The next important thing that you need to keep in mind before you hop into how to close Airtel payment bank account is to essentially download the account statements. Make sure to download your last few account statements to review all transactions and ensure there are no discrepancies.
Cancelling Recurring Payments
The next important step that you need to know is to cancel the recurring payments. All auto-payments or standing instructions against the account must be cancelled.
Check for the Closure Changes
The next important thing that you need to keep in mind is that, is there are any closure charges when you are looking to close the Airtel Payment bank
Update the Payment Details
The next important thing that needs to be kept in mind is to update the payment details and also ensure to inform that the services or the platforms where your Airtel Payments Bank account is registered, and update the payment details.
Preparing for the KYC Verification
Another key thing to remember before hopping onto the how to close Airtel payment bank account is to prepare for the KYC verification. Prepare the necessary KYC documents to be produced during the closing process.
Now that you have a good understanding of some of the important things to remember before you start to close the Airtel payment bank account, head to the next section to decode the documents that you need before jumping into closing the account.
What are the Documents Required?
If you are looking to close the account, then in most cases you will not need a document, but in some cases, you might need these few documents:
Closure of Joint Account
One of the important documents that you can get while looking to close the Airtel Payment Bank account is the proof of having a joint account that is now closed. All holders may be called upon to furnish their identification papers
Closure of Imperative Account
The next important thing to keep in mind is that before you go for closing the imperative account, make sure to have the account has stayed inoperative for an extended period, you’ll be asked for a PAN card, a photograph, and a signed account closure form.
Nominee- related Closure
The next closure that you need when you are doing a nominee-related closure is if the account holder has passed away, the nominee must produce a death certificate and proof of identification.
How To Close Airtel Payment Bank Account?
Now that you have a good understanding of how to close Airtel payment bank account, here are the steps that you need to follow:
Customer Care
The first and foremost step that you need to take is to start by calling the customer care on the number 400 or 8800688006. If you’re calling from your Airtel number, the call is free of charge.
Connecting with Customer Care Executive
The next step that you need to do is to connect with a customer care executive who might be helping you with all the reasons that you need before closing the account
No Remaining Amount in the Account
The next step that needs to be done is that there is no remaining amount in the bank account that you are looking to close.
Proof of Identification
The executive may ask for proof of your address and identification.
Closure Process
Once the proof of identification is given, it usually takes 7 business days for the closure process
SMS Confirmation
Once you have gone through the entire closure process, you will then be given an SMS confirmation that your closure is done
Conclusion
The process for how to close Airtel payment bank account is quite simple and allows in seamlessly helping you to close the bank account seamlessly without any hassle. That’s all, folks. I hope the article will help you get all the information you need.
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