Ask and take consent of all the joint partners of the business

Transfer all payments linked with the a/c, like insurance premiums and interest on loans, to another bank a/c

Bring the a/c balance to zero

Go to the bank and ask for Account Closure Form or get it online on the bank’s website

Fill the closure form

Submit the form in the bank along with KYC details and address and identity proof

Surrender passbook, cheque book, debit cards, credit cards, etc. to the bank

Current accounts are bank accounts mostly used by businesses

It is also called Demand Deposit a/c

In a current a/c, there are no limits on per-day withdrawals and deposits

You will not get interest on the money you keep in a current a/c

A current a/c requires a higher amount of minimum balance than a savings a/c