Why does account freeze / debit freeze happen?

[sujayghosh]

In my recent thread about IDFC vs IndusInd account I saw quite a few comments mentioning about debit / account freeze in these banks. Now this got me intrigued. In my years of handling accounts across many banks (SBI, PNB, Canara, Axis, ICICI, CUB, Kotak, AU, UCO etc.) for my family, I have never experienced this kind of phenomenon.

So, is this specific to this two banks or some special activities (like sudden inflow) trigger this kind of freeze on any bank?

 

[yusuf646]

Send me 9lakhs and it'll be green flag

 

[yusuf646]

my mother's pnb account was blocked due to high upi transactions.

The account freeze issue exists in all banks, but the chances are higher in VKYC accounts.

 

[ritwik2000]

The account freeze issue exists in all banks, but the chances are higher in VKYC accounts.

True bhai .

 

[praful47]

The account freeze issue exists in all banks, but the chances are higher in VKYC accounts.

True bhai .

Meanwhile rotators ... And those who do self transfers

 

[armat]

Yes, most probably. However, the main factor is the account variant. If you open an online account offline, such as opening a Kotak 811 Zero balance account through a branch, it remains an online account.

Is it possible to open Kotak 811 zero balance account through bank branch ? I’m getting some error while applying online.

 

[yusuf646]

Is it possible to open Kotak 811 zero balance account through bank branch ? I’m getting some error while applying online.

Previously, the Kotak 811 Zero Balance account was exclusively available online, but now, after the RBI ban on online account openings, it can also be opened offline.

The Reserve Bank of India (RBI) on April 24 barred Kotak Mahindra Bank (KMB) from onboarding new customers on its online and mobile banking channels, and issuing fresh credit cards