Procedure to close your citi bank account...
I have been using the account since last 3 years, but already i hold ICICI bank salary account so I never used citi bank account after 3 months citi bank used to deduct 250 INR per month. Suvidha account holder has to maintain minimum 25,000 INR once the balance comes down below 25,000 then 250 will be deducted for that month. The recent deduction of Rs 250 by Citibank towards Maintain Monthly Average Balance was a good trigger for me; I decided to close the account.
Reason for closure
1. To maintain Rs 25000 monthly average balance in the account else the account holder is fined with penalty.
2. The online fund transfer has been charged from transaction 1 for Rs 5.5 for every transaction.
3. The monthly average balance amount was being increased from 10000 to 25000 which I feel is very difficult
Below is what can be done to close the account
1. Transfer all amount to your different account 1 day before the D-day
2. Take a copy or scan your debit card, 1st and last unused cheque leaf for your reference
3. Download the online statements of the account from internet account
4. Prepare two copies of your application, one for submission and one to be taken as acknowledgment.
1. A written instruction mentioning your 10-digit account number, signed by the account holder
2. The unused cheque leaves and ATM card broken into pieces.
The written application can be sent to following address
If sent by ordinary post:
Citibank N.A,
P O box No. 4830,
Anna road post office
Chennai 600 002.
If sent by courier:
Citibank N.A.
Mailroom
No.2,
Club House Road,
Chennai 600 002.
