In case of an account freeze, all your transactions are stopped. Your bank account may freeze due to these reasons-Personal loan not repaidIf you have taken a loan and have not repaid it even after several reminders, then the bank can freeze your account. Tax is dueNon-payment of tax can also become the reason for freezing of bank account. Other reasons-Even if you do not repay the loan taken from any organization or individual, your account can be frozen. How to unfreeze bank account-Motion to vacateIf your account has been frozen then you should file Motion to Vacate.

Source: dna July 07, 2021 12:00 UTC