This is very weird, while on one side we are talking about right to banking as a fundamental right and talking about maximum financial inclusion, at the same time one bank abusing its power and authority is stopping a specific set of people to deal with it. First of all, I am surprised how is this not a violation of the Supreme Court order of RBI ban, more surprising thing is that even RBI issued a notice to the banks to obey the SC order, and still banks are playing these cheap tricks. I think P2P buying and selling is soon going to become the new normal in the Indian crypto space, moreover, this sort of shadowban directly means that the government isn't going to accept crypto at any means, I hope some association files a PIL against SBI's notice. 

State Bank of India, India's largest lender, has blocked crypto exchanges from receiving funds via its UPI platform and has asked payment processors to disable SBI UPI on their platforms as well.

SBI's decision comes after a slew of banks imposed similar bans on crypto exchanges over the last few months. HDFC Bank, in May, had warned investors against dealing in virtual currencies, including bitcoin, and said that failure to heed the advisory may lead to the cancellation of their cards and restrictions of transactions.