Need A Financial Product Forums Trading/Investments Is it necessary to close unused savings account

This topic contains 1 reply, has 2 voices, and was last updated by  Prashant Tyagi 3 years, 2 months ago.

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    I have savings bank account with SBI, Bank of Baroda, HDFC Bank, ICICI Bank and PNB. I find myself confused while managing 5 bank accounts. I want to close the account with HDFC Bank and PNB. Should I close these accounts or withdraw money and let it go without closing?


    Amol Salvi

    Closing an account is a simple task. You have to visit the branch, fill account closure form and your account will be closed within 10 – 20 minutes. Don’t leave it as it is otherwise it will have negative impact and it will impact your CIBIL report.

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