Customers,
who have not complied with KYC requirements despite
repeated reminders, may face trouble with RBI today
asking banks to partially freeze and subsequently close such accounts.
"As regards non-compliance of KYC ( Know Your Customer)
requirements by the customers despite repeated reminders by banks, it has been
decided that banks should impose 'partial freezing' on such KYC non-compliant
in a phased manner," the Reserve Bank said
in a notification.
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