Banks Can’t Freeze Your Account If You Are Receiving Pension

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2 days ago

In a landmark move, the Reserve Bank of India (RBI) has directed banks not to freeze accounts of individuals receiving government subsidies or pensions, even if they lack updated Know Your Customer (KYC) documentation. This applies to beneficiaries of schemes involving Direct Benefit Transfers (DBT) like subsidies and pensions. The decision aims to ensure uninterrupted […]

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