RAI Submission regarding operational hardship faced by retailers due to restrictions placed on bank accounts on directions of law enforcement authorities
RAI has submitted a detailed representation to the Ministry of Home Affairs regarding the hardship being faced by retailers due to the freezing of bank accounts by banks, pursuant to instructions issued by National Cyber Crime authorities.
The representation highlights key challenges being experienced by retailers across the country, including blanket freezing of accounts, lack of prior notice, disproportionate operational impact, and the need for clear guidelines to ensure proportionality and due process, while fully supporting the Government’s efforts to combat cybercrime.
A copy of the representation is enclosed herewith for your information and reference.
RAI continues to engage with the relevant Ministries, regulators, and stakeholders on this matter and will keep members informed of any further developments.
Should you have specific inputs or experiences you wish to share, you may write to palak@rai.net.in separately