In addition, the Finance Ministry was sent to Bitcoin as a Ponzi scheme before the end of last year. On its implementation, there are immediate rules on Bitcoins and its other cryptocurrencies. The State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and YES Bank have taken strong steps towards all the crypto exchanges, instead of reducing its functionality on exchange accounts. This is because of Bitcoin exchanges under fire in India because many of the country's top banks are suspended. This news happened after advocate Bivas Chatterjee, who recently filed a PIL in Calcutta, and these banks refer to the risk of suspicious transactions according to local reports. Either its account is closing down or limiting it to a limited functionality.
Source - https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts