Bank Charge Guide · 16 banks covered · 25 checked rules
Check whether a published account-closure charge applies to the product and conditions in our verified data. Published figures run from ₹0 to ₹1,000 across 16 banks, before GST.
Account closure charges, by bank
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
Amounts, trigger criteria, GST treatment, and official source links for each bank account.
Run 60s Bank Fee Audit →Branch
Closed within 14 days of account opening: ₹0.00 · Closed between 14 days and 1 year of account opening: ₹500.00 · Closed post 1 year of account opening: ₹0.00
When this charge applies
Axis savings-account closure timing rule surfaced in the current fees master and independently corroborated by current Digital Savings terms. Product-specific schedules should still be selected where Axis publishes an override.
Checked 2026-08-09
Branch
Within 14 days of opening — All Savings Accounts: ₹0.00 · 15 days up to 1 year — Regular Savings: ₹300.00 · 15 days up to 1 year — Platinum Savings: ₹1,000.00 · Beyond 1 year — All Savings Accounts: ₹0.00 · Closure due to death of holder — All Savings Accounts: ₹0.00
When this charge applies
Applies to Bank of Baroda Savings Bank Account schemes.
Checked 2026-08-25 · Effective 2025-07-01
Branch
Within 14 days of opening: ₹0.00 · 15 days up to 12 months: ₹250.00 · Beyond 12 months: ₹0.00 · Closure due to death of account holder: ₹0.00
When this charge applies
Bank of India savings accounts.
Checked 2026-08-25 · Effective 2026-01-01
Branch
Within 14 days of opening: ₹0.00 · Beyond 14 days and within 1 year: ₹750.00 · Beyond 1 year: ₹375.00
When this charge applies
Canara Bank Current, Overdraft and Cash Credit accounts closed in the stated windows. GST is additional.
Possible waiver or exception
No charge for BSBD accounts, accounts opened in joint names, closure on the death of the account holder, and branch-to-branch transfer.
Checked 2026-09-05
Branch
₹100.00
When this charge applies
Canara Bank recurring deposits closed prematurely within one year of opening. GST is additional.
Checked 2026-09-05
Branch
Within 14 days of opening: ₹0.00 · Beyond 14 days and within 1 year: ₹200.00 · Beyond 1 year: ₹100.00
When this charge applies
Canara Bank savings accounts closed in the stated windows. GST is additional.
Possible waiver or exception
No charge for BSBD accounts, accounts opened in joint names, closure on the death of the account holder, and branch-to-branch transfer.
Checked 2026-09-05
Other
Closed within 14 days of account opening: ₹0.00 · Closed after 14 days but within 12 months: ₹300.00 · Closed after 12 months: ₹0.00
When this charge applies
Savings Bank account. No closure charge within 14 days; Rs300 after 14 days but within 12 months; Nil after 12 months. Current table also states no closure charge on death and branch transfer is not account closure.
Checked 2026-08-15
Branch
Savings Bank — Rural / Senior Citizens: ₹200.00 · Savings Bank — Other: ₹300.00 · Current account: ₹400.00
When this charge applies
Federal Bank liability products closed within 12 months of account opening. The charge differs by account variant and every published variant is named with its own figure in the variant table. No charge if the account is closed within 14 days of the first deposit. GST is additional.
Checked 2026-09-05 · Effective 2026-04-01
Branch
Up to 14 days — standard: ₹0.00 · 15 days up to 12 months — standard: ₹500.00 · 15 days up to 12 months — Senior Citizen: ₹300.00 · Beyond 12 months — standard/Senior Citizen: ₹0.00
When this charge applies
Explicitly supported by current HDFC BSBDA fee page; the same timing/standard amount and senior-citizen variant are independently present on multiple current HDFC savings-family pages. Do not automatically apply to every HDFC account/product without exact product selection.
Checked 2026-08-09 · Effective 2013-07-01
Branch
₹0 (Free)
When this charge applies
Indian Bank accounts closed on transfer to another branch, on the death of the account holder, and accounts held as Basic Savings Bank Deposit Accounts or small accounts, by students, or by pensioners without cheque facility. The schedule states no closure charge for any of these.
Checked 2026-09-05
Branch
Within 14 days of opening: ₹0.00 · Within 1 year of opening — individuals: ₹750.00 · Within 1 year of opening — non-individuals: ₹1,000.00 · After 12 months: ₹0.00
When this charge applies
Indian Bank Current, Overdraft and OCC accounts closed in the stated windows. The categories the schedule exempts from any closure charge are stored as their own rule. GST is additional.
Checked 2026-09-05
Branch
Within 14 days of opening: ₹0.00 · Within 1 year of opening — non-cheque-operated: ₹250.00 · Within 1 year of opening — cheque-operated: ₹500.00 · After 12 months: ₹0.00
When this charge applies
Indian Bank Savings Bank accounts closed in the stated windows. The concessional and the no-charge categories the same table lists are each stored as their own rules, so this rule carries the standard figures only. GST is additional.
Checked 2026-09-05
Branch
₹150.00
When this charge applies
Indian Bank Savings Bank accounts closed within one year of opening, held by individual account holders in rural areas. The schedule states this concessional charge for both the cheque-operated and the non-cheque-operated savings rows. GST is additional.
Checked 2026-09-05
Branch
Savings account with cheque book: ₹200.00 · Savings account without cheque book: ₹100.00 · Current account: ₹1,000.00
When this charge applies
Indian Overseas Bank account closed after 14 days but within one year of opening; nil within 14 days or after one year. Exempt: BSBD accounts, IOB Freedom SB/CD, RERA collection/designated accounts, and closure on death of the account holder. IOB Startup Current Account has its own scale. GST is additional; the schedule is stated excluding GST.
Checked 2026-09-26
Branch
₹0 (Free)
When this charge applies
J&K Bank Basic Saving Bank Deposit Account only.
Checked 2026-08-15
Branch
₹0 (Free)
When this charge applies
Applies to all Kotak Everyday Savings and Kotak 811 accounts closed at branch or online.
Checked 2026-08-25 · Effective 2026-03-01
Branch
Within 14 days of opening: ₹0.00 · 15 days to 12 months (Metro / Urban): ₹300.00 · 15 days to 12 months (Rural / Semi-Urban): ₹150.00 · Beyond 12 months: ₹0.00 · BSBDA (Zero Balance Account): ₹0.00
When this charge applies
Punjab National Bank savings accounts.
Checked 2026-08-25 · Effective 2025-10-01
Other
Closed within 14 days of account opening: ₹0.00 · Closed after 14 days but within 12 months: ₹500.00 · Closed after 12 months: ₹0.00
When this charge applies
Savings Bank account. Free within 14 days; Rs500 after 14 days but within 12 months; free after 12 months. Exemptions include closure due to death, BSBD accounts, loan accounts and specified Government PFMS accounts.
Checked 2026-08-15
Branch
₹500.00
When this charge applies
RBL Bank savings accounts on the standard schedule, closed within 6 months of account opening. Waived if the account is closed within 14 days of account opening, and waived for senior citizens. Seniors First Savings carries no closure charge at all and is stored as its own product rule. The schedule states no charge for closure after 6 months, so none is recorded. Taxes are additional.
Checked 2026-09-05 · Effective 2026-02-02
Branch
₹0 (Free)
When this charge applies
RBL Bank Seniors First Savings Account only; the schedule states account closure is free for this product, so the standard within-6-months charge on the same schedule does not apply to it.
Checked 2026-09-05 · Effective 2026-02-02
Branch
₹0 (Free)
When this charge applies
SBI BSBDA Branch Channel only.
Checked 2026-08-15
Branch
Within 14 days of opening: ₹0.00 · After 14 days and before 12 months — individual: ₹750.00 · After 14 days and before 12 months — others: ₹1,000.00 · After 12 months: ₹0.00
When this charge applies
UCO Bank Current and Cash Credit accounts. Charges are exclusive of GST.
Checked 2026-09-05 · Effective 2023-07-15
Branch
₹0 (Free)
When this charge applies
UCO Bank Basic Savings Bank Deposit Accounts and small accounts. The schedule states no closure charge for them, so the savings closure bands do not apply.
Checked 2026-09-05 · Effective 2023-07-15
Branch
Within 14 days of opening: ₹0.00 · After 14 days and before 12 months: ₹350.00 · After 12 months: ₹0.00
When this charge applies
UCO Bank savings accounts with cheque book. The schedule states no closure charge for BSBDA and small accounts, which is stored as its own rule. Charges are exclusive of GST.
Checked 2026-09-05 · Effective 2023-07-15
Branch
Within 14 days of opening: ₹0.00 · After 14 days and before 12 months: ₹250.00 · After 12 months: ₹0.00
When this charge applies
UCO Bank savings accounts without cheque book. The schedule states no closure charge for BSBDA and small accounts, which is stored as its own rule. Charges are exclusive of GST.
Checked 2026-09-05 · Effective 2023-07-15
Every figure on this page is retrieved directly from official Schedule of Charges documents and RBI circulars. No bank can pay to alter, suppress, or enhance fee ratings on SharpScroll.
Charges for account closure charges depend on the bank, account variant, channel (online vs branch), and transaction amount tier. In addition, 18% GST is added unless an official zero-rate policy applies.
Waivers depend on meeting required account balance criteria, using digital banking channels (NEFT/RTGS/UPI), or submitting a dispute if debited wrongfully.
You can often reduce account closure charges by transacting online rather than at a branch, keeping the balance your account tier requires, or asking your bank which debit card variants carry no annual charge. Compare published charges before switching accounts.
