Close Overdraft Account In Axis Bank

An overdraft account is a type of bank account that allows you to withdraw more money than you have in your account, up to a certain limit. In the case of Axis Bank, they offer a type of overdraft account called the Axis Bank OD Flexi Account.

The Axis Bank OD Flexi Account is designed for individuals and businesses that require short-term funding for various purposes such as working capital, inventory financing, or capital expenditure. With this account, you can withdraw funds up to a pre-approved limit, and interest is only charged on the amount used.

To apply for an Axis Bank OD Flexi Account, you will need to meet certain eligibility criteria and provide the required documentation. You can contact Axis Bank directly or visit their website to learn more about the account and the application process. It is important to carefully review the terms and conditions, fees, and interest rates associated with the account before applying.

How To Close Overdraft Account In Axis Bank

Step: 1

Visit the nearest Axis Bank branch or call their customer service helpline to request an account closure form.

Step: 2

Fill out the account closure form with all the necessary details, such as your account number, name, and reason for closure.

Step: 3

Ensure that all dues on the account are cleared, and there is no negative balance or outstanding balance on the account.

Step: 4

Submit the account closure form along with the required documents, such as your ID proof and address proof, to the Axis Bank representative.

Step: 5

Collect an acknowledgement receipt for your submission of the account closure request.

After the submission of the account closure form, it usually takes a few business days for the bank to process the request and close the overdraft account. It is advisable to check with the bank representative for any further steps or requirements to ensure that the account is closed successfully.