https://www.taxtmi.com/news?id=13697 Banks must enforce compulsory Know Your Customer compliance using a phased mechanism: after an initial notice and reminder, impose partial freezing that allows credits but disallows debits, permit account revival on submission of KYC, and if non-compliance continues render accounts inoperative by disallowing all credits and debits and retain the option to close such accounts. en-us Sat, 13 Dec 2014 09:35:42 +0530 Sat, 13 Dec 2014 09:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13697 Banks must enforce compulsory Know Your Customer compliance using a phased mechanism: after an initial notice and reminder, impose partial freezing that allows credits but disallows debits, permit account revival on submission of KYC, and if non-compliance continues render accounts inoperative by disallowing all credits and debits and retain the option to close such accounts. News - Sat, 13 Dec 2014 09:35:42 +0530 https://www.taxtmi.com/news?id=13697