Use this API to permanently close a savings account. Once closed, the account is deactivated and no further transactions can be performed.

Prerequisites

• The account must be in Active status.
• Pass the savingsAccountId as a path parameter and command=close as a required query parameter.
• A valid closure reason code must be provided in the request body. Use the Get Code Values API with code name ACCOUNT_CLOSE_REASON to retrieve the list of valid reason codes.

Example Request

POST /v1/savingsaccounts/{savingsAccountId}?command=close

Common Closure Reasons

Accounts are typically closed for one of the following reasons:

• Client request
• Account inactivity
• Compliance or regulatory requirements

Note: If you want to schedule a closure in advance with a waiting period, use the Schedule Account Closure endpoint instead.