I understand the importance of having access to bank accounts that support INR payments and withdrawals for Indian crypto exchanges like CoinDCX, CoinSwitch, and WazirX. While some major banks may still have restrictions or limited support for crypto-related transactions, there are several banks that are known to work well with these exchanges:
- HDFC Bank: HDFC Bank is one of the largest private sector banks in India and is often used by individuals for crypto transactions due to its relatively seamless process.
- ICICI Bank: ICICI Bank is another popular choice among crypto traders in India, offering a wide range of banking services including support for INR deposits and withdrawals to and from crypto exchanges.
- Axis Bank: Axis Bank is known for its user-friendly interface and often facilitates smooth transactions with Indian crypto exchanges.
- Kotak Mahindra Bank: Kotak Mahindra Bank is also commonly used by individuals for crypto transactions, providing support for INR deposits and withdrawals to and from crypto exchanges.
- Yes Bank: Yes Bank has gained popularity among crypto traders for its relatively hassle-free banking services and support for transactions with Indian crypto exchanges.
It's essential to keep in mind that while these banks may generally support crypto transactions, individual experiences may vary, and it's always a good idea to verify the current policies and procedures with your bank before initiating any transactions. Additionally, using a KYC verified account can streamline the process and provide peace of mind when dealing with crypto exchanges. Feel free to reach out to me if you're interested in acquiring a KYC verified account to facilitate your transactions with these exchanges.