2. All State and Central Co-operative Banks and Regional Rural Banks are required to update the list of individuals/entities as circulated by Reserve Bank and before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list. Further, Banks should scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.
4. As far as freezing of funds, financial assets or economic resources or related services held in the form of bank accounts of the designated individuals/entities are concerned, action shouldbe taken as detailed in paragraph6 of the circulars referred to in paragraph 3 above.