Can anyone list the name of the exchanges that allow to withdraw INR to friends/relatives account without asking for additional kyc?
I don't think there is any such exchange in India which allow Deposits/withdrawals to bank accounts without completing KYC. As per RBI guidelines, KYC completion becomes essential to comply with Terms and conditions of Anti-Money Laundering policy. Customer Identification Procedure ensures Cryptoassets managing Companies to safeguard themselves from money laundering or terrorism funding or any other kind of criminal activities and protect their legal rights in India. And this is one of the major reasons why these exchanges were able to lift the ban from keeping or transacting crypto assets in India