Panic Withdrawals at Indian Bank Over Alarming KYC Notice – Bitcoin News

Panic Withdrawals at Indian Bank Over Alarming KYC Notice – Bitcoin News

Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen.