When will INR (Fiat) UPI and Bank deposits start working again?

[TECHCRAP]

When will INR ( Fiat ) UPI and Bank deposits start working again ?
 

[indkaboom]

Same question

[DrYoGi]

Same?

[Anurag_lfc]

I think RBI might’ve blocked their accounts or something

[Akash5320]

Since when INR deposit has been stopped buying crypto here in India is is so costly

[TECHCRAP]

3 hours ago, Akash5320 said:

Since when INR deposit has been stopped buying crypto here in India is is so costly

RBI is such a pain! they are doing this all the time now. It is becoming difficult day by day

[mintyyyyy]

why do you guys deposit fiat? why not use your fiat and purchase crypto to deposit? You'll never have an issue!!! Please explain

[TECHCRAP]

30 minutes ago, mintyyyyy said:

why do you guys deposit fiat? why not use your fiat and purchase crypto to deposit? You'll never have an issue!!! Please explain

Can you explain how to :
1) Buy crypto
2) Deposit in stake
3) withdraw in crypto 
4) withdraw crypto without p2p selling for large amounts ( more than 2 Lakh ) into INR again ?


 

[mintyyyyy]

1 hour ago, TECHCRAP said:

Can you explain how to :
1) Buy crypto
2) Deposit in stake
3) withdraw in crypto 
4) withdraw crypto without p2p selling for large amounts ( more than 2 Lakh ) into INR again ?


 

google is your friend..

step 1 buying crypto is super easy

steps 2 and 3 are easy no complications there

step 4 not sure i'm not in india but theres many places you can convert crypto to fiat

 

not sure if you understood... I was the one asking for you to explain it to me 

 

[TECHCRAP]

Well it's not that straightforward to buy crypto in India. You can only buy crypto through a platform restricted to P2P trade only! That means one cannot simply go and buy crypto & deposit wherever they feel like. Similarly, withdrawals from crypto are questioned by banks and often ends in blocking the bank accounts. 
Long story short, Indian government does not promote or support crypto whatsover!

[Akash5320]

Buying crypto is not easy in India for any larger amount there's 30% flat tax in profit which everyone can't afford.