Here’s How To Close J&K (Jammu And Kashmir) Bank Account Online & Offline

Jammu and Kashmir Bank, commonly known as J&K Bank, is a prominent Indian bank headquartered in, you guessed it, Jammu & Kashmir. Established in October 1938, J&K Bank has grown to become one of India’s leading regional banks. With lakhs of customers, about a thousand branches and more than 1500 ATMs nationwide, the bank primarily serves individuals and businesses in the northern state of J&K. In this guide, we’re here to help if you want to close J&K Bank account.

If you have moved to a place out of Jammu & Kashmir where the branch or ATM network of the bank is non-existent, or if you’re thinking of trying a different bank because you want a better banking experience, or if you’re facing any other issues with J&K Bank, and wish to close your savings or current account, this guide is for you. We’ll help you understand how to close your J&K Bank account.

Bank	J&K Bank
Account closure process	Offline
Account closure charges	Yes, check charges
Account closure form	Available online and offline
Account closure processing time	7 working days

Before we talk about closing your account with J&K Bank, let’s first see why you may be considering closing your account. Is it your best decision, or should you hold off for now?

Why close J&K Bank account?

J&K Bank, like any other bank, has certain charges for its banking services. These may include annual ATM/debit card fees, SMS notification charges, penalties for not maintaining the minimum average balance (monthly or quarterly), and more. The exact fees depend on the type of account.

If you’re not using your bank account frequently, closing it can be a practical way to avoid these extra charges. Additionally, if you’re unhappy with the quality of services offered by Jammu & Kashmir Bank, closing your account might be a suitable option.

But most commonly, people who have moved away from Jammu & Kashmir to a place where the ground presence of the Bank is deficient, consider closing their J&K Bank accounts for good. Whichever boat you’re on, you should give it a second thought (and a third one, too), as closing a bank account is a significant financial decision. If you still want to close it, please keep reading.

Things to consider before closing J&K Bank account

Before closing your J&K Bank account, consider the following:

• Once your account is permanently closed, J&K Bank won’t entertain requests to reopen it. If you decide to open another account with them later, it will be entirely new, with a fresh new account number, passbook, chequebook, etc.
• When you submit your account closure request, you may be asked to return any physical items related to your account, such as unused chequebooks, ATM/debit cards, and passbooks, to the bank.
• Ensure you’ve settled all outstanding dues with the bank before initiating the account closure process. Any pending charges must be cleared before proceeding with the closure request.
• Before submitting the closure request, withdraw or transfer all funds from your account. It is advisable to move any funds to another account or withdraw them in cash beforehand to expedite the closure.
• Closing your J&K Bank account may come with additional account closure charges, depending on the account type and age. Check the applicable charges by referring to this link.

How to Close J&K Bank account?

J&K Bank accounts can only be closed by submitting a filled account closure form along with the required documents at the bank’s branch. The account closure form is available at the branch as well as on J&K Bank’s official website.

Close J&K Bank account Online

Jammu and Kashmir Bank doesn’t offer the option to close savings or current accounts online. To close a J&K Bank account, you have to visit your home branch; you can’t do it online. Like how we close PNB account, the process for closing a J&K Bank account is entirely offline as of now. You can find the account closure form on the bank’s website via the below link, but you’ll need to complete the rest of the process by visiting the branch in person.

Remember, if you want to close your account with Jammu and Kashmir Bank, you can only submit the request at your home branch. If you can’t visit your home branch, you’ll need to change it to a nearby branch before requesting an account closure.

Close J&K Bank account Offline

Now that we know you can only close a J&K Bank account offline, here are the steps to follow:

1. Gather your KYC documents, bank passbook, unused chequebook, and ATM/debit card. The bank might ask you to surrender these items along with your KYC documents and the account closure form, so keep them ready.
2. Transfer/Withdraw Funds: Before initiating the closure process, ensure you transfer or withdraw all funds from your account beforehand to avoid complications during closure.
3. Visit your J&K Bank home branch. Only your home branch can process your account closure request. Visit your home branch with the required documents and items. Ask for the account closure form there. If you have downloaded it online and taken a printout, move to the next step.
4. Fill out the account closure form. Carefully complete the form, making sure there are no mistakes, as any errors could lead to the request being denied. The form asks for details like account number, full name, phone number, and reason for account closure.
5. Sign and submit the form. Double-check everything, especially the signature, and then submit the form at the bank’s desk.
6. Reconfirm the closure. You might receive a confirmation call from the bank to verify your account closure request. Confirm your decision on the call to close your J&K Bank account.

That’s it. Upon submitting the form, you may be asked to clear any pending dues and pay closure fees (if applicable). The bank typically closes the account within a week; in most cases, it’s done within a couple of working days.

Jammu & Kashmir Bank account closure charges

You might have to pay some account closure charges based on the variant and age of your bank account. Below are the detailed charges for closing J&K Bank accounts:

J&K Bank savings account closure charges

Account closure charges for J&K Bank savings accounts are:

Description	Charges
Within 14 days of account opening	Nil / No Charges
15 days – 1 year of account opening	₹150 + Taxes
Beyond 1 year of account opening	Nil / No Charges
Account closure on settlement of accounts of deceased customers	Nil / No Charges

J&K Bank current account closure charges

Account closure charges for J&K Bank current accounts are:

Description	Charges
Within 14 days of account opening	Nil / No Charges
15 days – 1 year of account opening	₹300 + Taxes
Beyond 1 year of account opening	Nil / No Charges
Account closure on settlement of accounts of deceased customers	Nil / No Charges

Frequently Asked Questions

Still got questions related to account closure of Jammu & Kashmir Bank? We’ve gathered and answered some of the frequently asked questions below:

We hope this guide simplifies the process of closing your J&K Bank account. If you have any thoughts or questions about J&K Bank account closure, feel free to share them in the comments, and we’ll do our best to help.