The Deputy Governor of RBI, BP Kanungo, just announced officially that all the services dealing with cryptocurrencies will be banned with immediate effect. So essentially none of the entities regulated by RBI would be able to provide services related to cryptocurrencies to customers.
Read the full article here: https://coinfrenzy.io/indian-banks-ban-cryptocurrencies/
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Actually bitcoin is not banned in India.To get more details,please check the below link.
https://www.newsbtc.com/2018/04/06/dont-believe-the-fud-india-has-not-banned-cryptocurrency/I was dam sure bitcoin is not banned in RBI.Don't sell your valuable bitcoin by such fake news.Now the bitcoin price is recovering and it will reach any peak soon.Just hold your bitcoin.