(You can skip down to paragraph in bold if you don't want to read everything.) I understand your frustration. However, there are other reasons your bank account is frozen: You have breached your credit agreement with your bank; A freezing order has been obtained by one of your creditors ; The company has given notice of another insolvency … If you feel a bit hesitant about opening a basic current account, you’re not alone. You can use money orders to pay many of your bills, or you may want to try to get by with a prepaid credit card. In this case, then … - Bank account blocked for no reason Open SHIW KUMAR CHANDRA RAVI filed this complaint against PayTM on Mar 09, 2020. Not sure what you mean blocked since banks generally don't block an account. Why did you block my account? When your bank blocks your account, they have to tell you. NatWest shut my bank account with no warning – and won’t tell me why Mark Lamb, 27, first noticed something was wrong when his debit card stopped working. The bank also said in the public notice that if an SBI customer fails to complete one's KYC by February 28, 2020, then it will have no choice but to block such SBI accounts till the KYC is completed. You never get a good phone call. My account is 3 years old and my Mastercard is expired as well that's why I have ordered a new Mastercard last month to my address which is different from my National IDs address. Your account may be blocked if the bank believes you are not KYC compliant whereupon you would need to demonstrate to your bank your identity and proof of address. It could be that there has been an exceptionally large cash payment to the account. For example, one of the account holders to a joint account may be in dispute with another account holder and ask the bank to suspend the account. If they blocked your account because they suspected some form of suspicious behaviour/money laundering - they are legally prevented from telling you that is why they blocked your account. Some bank accounts cannot accept Direct Debits; they may be closed, or blocked either for regulatory reasons or by the customer. A bank can suspend an account if there is a dispute about how an account is used or who owns the funds in it. There are many reasons why a bank or financial institution may make a SAR, some of which are listed below. With a blocked bank account, you need to contact the Bank. Here are some common reasons why accounts are locked, though not all account locks occur for these reasons: Malware, phishing, and other harmful activities. My account is blocked for no reason. If they require documentation from you, sometimes it is possible to send by email to them. I cannot stand for this. Kindly Share This Story. Living Without a Bank Account . And you tell me to go to homebranch and do kyc now lockdown it is impossible. Oyetunji Abioye. You will need to learn to operate without a bank account for a few months until you clean everything up. 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