What if kyc is not done in bank account

If KYC is not completed for a bank account, it can lead to several restrictions to comply with RBI guidelines. Initially, the bank may impose transaction limits or restrict access to certain services like chequebooks and debit cards. If the requirements remain unfulfilled, the bank has the right to freeze or temporarily suspend the account, preventing all withdrawals, transfers, and credits. In extreme cases of prolonged non-compliance, the account may be closed permanently. Completing KYC is essential to maintain seamless access to your funds and prevent financial fraud.