RBI Warns Banks: Stop Freezing Accounts Over KYC Issues

Last updated: 22 November 2024

Banks are freezing accounts for those receiving government funds i.e., Direct Benefit Transfer (DBT) funds such as subsidies, pensions, etc. due to lack of KYC. Delay in KYC Updates RBI found delays by banks in updating KYC, causing account freezes. RBI's Advice RBI Deputy Governor urged banks

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Join CCI Pro

Category Others   Report

Comment   Share
  615 Views
Comments

Recent News :

  1. Customs Issues Instruction to Close Attari Integrated Check Post for All Movements Amid Security Alert
  2. Ministry of Finance Revises Authorized Banks for Customs Duty Collection
  3. CBDT Sets Aggressive Rs 2.4 Lakh Crore Target to Unearth Black Money in FY 2025-26
  4. Commercial Taxes Inspector Arrested for Rs 20 Lakh Bribe in Paan Masala Smuggling
  5. RBI Revises FEMA Compounding Rules: Penalty Capped at Rs 2 Lakh
  6. Faceless IT Scheme Sabotage: CBI Arrests Senior IRS Officer, Private Individual
  7. Direct Tax Collections Rise 13.57% in FY 2024-25
  8. CBIC Assigns Customs Authorities to Adjudicate High-Profile Show Cause Notices Involving Top Companies
  9. Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime
  10. College Girl Gets GST Notice Over Rs 35 Crore Deposited in Her Account

More »


Popular News




CCI Pro

Trending Online Classes

view all classess

Browse by Category