How to close an HDFC bank account from Canada

Closing a bank account can come with a hundred hassles while you are still living in the country. Imagine doing it from overseas. However, you can be better prepared with the right guidance.

In this guide, we will discuss how you can close your HDFC bank account from Canada. In case you are in the market looking for a flexible global money transfer service provider, you can check out Wise. It comes with powerful money management features and is a great alternative to any financial institution worldwide. Moreover, you can use Wise with or without a bank account.

How To Close an HDFC Account From Canada

HDFC bank only allows you to close your account in-person. However, you do not need to go to the branch where the account was originally created. You can simply visit your nearest branch in order to initiate the closing process.

>Note: HDFC bank’s international branches are located in seven countries which include UAE, Bahrain, Africa, Qatar, Singapore, UK, and the Asia Pacific¹.

To close your HDFC bank account, you need to get an account closure form from any of their branches or you can download it online.¹⁰

Once you have the form, fill the required details and get it duly signed by all Joint Holders in the same order of names as appearing on the account to be closed. After this, you can submit the filled account closure form at any of your nearest HDFC bank branches.

Now, here are some circumstances that require specific instructions²:

If your account has balance —

In this scenario, you have to fund the account to the extent of the debit amount together with interest, before you submit your closure application.

Here are the fees for transferring funds to your HDFC bank account from overseas:

Note: Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.

If your account is dormant —

In this scenario, you have to submit a letter at your nearest HDFC bank branch to activate your account. Your account closure request can be processed only after it has been re-activated.

You can also fill in the dormant account activation form¹¹ and submit that at your nearest HDFC bank branch for reactivating your account. No charges are involved.

How To Close an NRI Account with HDFC Bank From Canada

You can close your NRI account held with HDFC bank by submitting the Account Closure Form at the branch where the account was initially opened. The form must be signed by all Joint Holders in the same order of names as appearing on the account to be closed.

In case you are unable to visit the branch in-person, you can send the account closure application to either of the addresses provided:

• Directly to your HDFC bank account branch
• At any of the Overseas PO boxes¹²
• Directly to their Mumbai office: HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013⁴

Things To Keep in Mind while Surrendering an Account with HDFC Bank From Canada:

Here are a few things you need to keep in mind while closing your account with HDFC bank:

• Destroy or surrender the cheque book and debit card linked to the account being closed.
• If your account is linked to any other product such as a Credit Card or online Mutual Funds, etc., you have to de-link or close that account prior to submitting instructions to close your bank account.

Can You Close an HDFC Account Online?

No, the documents, including the account closure form, have to be handed over in person at your nearest HDFC branch. HDFC bank is unable to process any request to close your account that has been received through PhoneBanking, NetBanking, Email, scanned or faxed copy for security and authentication purposes.

The only other option recommended by HDFC bank’s chatbot EVA is to send your application, alongwith the necessary documentation, by postal service or courier to your nearest branch to initiate the process.

Is There a Fee For Closing an HDFC Account From Canada?

Here are the fees for closing an HDFC bank account from Canada (all fees are given in INR):

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