Naman@Jain
TF Buzz
Hello ,
So i have a situation here which i am facing and i need to get answer someone who has already experienced it by himself.
So i have two indusind delite 0 bal savings account i do buisness transaction in those for example i take payments in them payments generally are in 3 to max 5 digits no more than that and all upi also. And i keep rotating money send money recieve money like that.
So now its been 3 years no such problem has been faced but this month in june both account suddenly got in total freeze status by bank citing suspicious activity same mail in both account same letter in both account.
Now in this situation what someone can do
What i did was i mail to the nodal branch and waiting for their reply. And meanwhile a person from branch calls and says wants to verify your address i said okay come visit. He visited then an hour later he called and said sir you have n number of transactions in savings account and due to this we have marked frozen to account .he said sir you can do two things
1st one you can close these savings account and open current account .
2nd provide details of the funds to which he said it is not possible sir you cannot provide details as it is too much transaction.
I asked that can this existing savings account can be converted to current account then he said no sir you cannot do.
I also asked that to upgrade these savings account to 1-2 L avg bal account. To which he said no sir you have to close it and open current account.
In this case what should i do
I want to continue these accounts as it is not written anywhere that how many transaction can you do in savings account there is no number written as far as i know.
I have this type of situation on single transaction in kotak and kotak said i have business transaction but when i mailed them to nodal department they did unfreeze and done.
So i have a situation here which i am facing and i need to get answer someone who has already experienced it by himself.
So i have two indusind delite 0 bal savings account i do buisness transaction in those for example i take payments in them payments generally are in 3 to max 5 digits no more than that and all upi also. And i keep rotating money send money recieve money like that.
So now its been 3 years no such problem has been faced but this month in june both account suddenly got in total freeze status by bank citing suspicious activity same mail in both account same letter in both account.
Now in this situation what someone can do
What i did was i mail to the nodal branch and waiting for their reply. And meanwhile a person from branch calls and says wants to verify your address i said okay come visit. He visited then an hour later he called and said sir you have n number of transactions in savings account and due to this we have marked frozen to account .he said sir you can do two things
1st one you can close these savings account and open current account .
2nd provide details of the funds to which he said it is not possible sir you cannot provide details as it is too much transaction.
I asked that can this existing savings account can be converted to current account then he said no sir you cannot do.
I also asked that to upgrade these savings account to 1-2 L avg bal account. To which he said no sir you have to close it and open current account.
In this case what should i do
I want to continue these accounts as it is not written anywhere that how many transaction can you do in savings account there is no number written as far as i know.
I have this type of situation on single transaction in kotak and kotak said i have business transaction but when i mailed them to nodal department they did unfreeze and done.
