Common use of Closure of Account Clause in Contracts

Closure of Account. 7.1) The Customer may close an Account by giving notice in writing to the Bank. The Bank may agree to close the Account at the request of the Customer subject to adherence of the following: (a) request for closure made on the standard format provided by the Bank; (b) confirmation in writing pertaining to the list of cheques issued but yet to be presented to the Bank; (c) return to the Bank of all unused cheque leaves, Debit Cards, and any other property of the Bank, for cancellation; (d) settlement/payment of all the direct/indirect liabilities due to the Bank.

Closure of Account. 7.1) The Customer may close an Account by giving notice in writing to the Bank. The Bank may agree to close the Account at the request of the Customer subject to adherence of the following: (a) request for closure made on the standard format provided by the Bank; (b) confirmation confirmation in writing pertaining to the list of cheques issued but yet to be presented to the Bank; (c) return to the Bank of all unused cheque leaves, Debit Cards, and any other property of the Bank, for cancellation; (d) settlement/payment of all the direct/indirect liabilities due to the Bank.