Coinbase India INR Withdrawals Frozen for Five Days Amid Banking Partner Outage
Coinbase users in India remained unable to withdraw Indian rupees (INR) on November 14, 2026, as a banking partner outage entered its fifth day. The disruption has prevented customers from transferring funds to their bank accounts, raising concerns about access to money held on the cryptocurrency exchange.
Coinbase India confirmed that the outage affects the banking partner’s payout services across multiple clients, not just the exchange. The company assured customers that their funds remain safe and said its teams are working to restore withdrawals.
Coinbase Confirms Banking Disruption Remains Unresolved
The exchange first identified the banking issue on November 9, when customers reported difficulties withdrawing rupees and accessing certain payment services.
Initially, the disruption affected several functions, including bank account linking, Unified Payments Interface (UPI) transactions, and deposits. However, Coinbase later confirmed that most services had returned to normal, leaving INR withdrawals as the primary unresolved issue.
In its November 14 update, Coinbase stated that INR deposits, UPI payments, and bank account linking were functioning normally. However, the company warned customers against initiating new withdrawals because transactions could fail or remain pending.
Coinbase has not identified the affected banking partner or provided an estimated restoration timeline.
Indian Customers Demand Alternative Withdrawal Options
The prolonged outage has prompted complaints from Indian cryptocurrency investors who cannot transfer their funds into traditional bank accounts.
Several customers expressed frustration over the limited communication and requested alternative withdrawal methods. Some users urged Coinbase to enable cryptocurrency transfers while banking services remain unavailable.
However, Coinbase’s India policies restrict cryptocurrency transfers for customers who have linked bank accounts. According to its support documentation, adding a bank account permanently disables cryptocurrency transfers to external wallets and exchanges.
This restriction leaves affected customers with limited options for accessing their holdings during the banking disruption.
Banking Problems Affect Multiple Indian Crypto Exchanges
Coinbase is not the only cryptocurrency platform experiencing banking-related difficulties in India.
Unocoin reportedly suspended deposits and withdrawals on November 9, while ZebPay disclosed delays in INR withdrawals because of technical problems involving its banking partner.
The disruptions highlight the cryptocurrency industry’s continued dependence on traditional financial institutions for fiat currency transactions.
Coinbase expanded its Indian payment services earlier in 2026, introducing direct rupee deposits and withdrawals through the Immediate Payment Service (IMPS).
However, the latest outage demonstrates how banking infrastructure problems can interrupt cryptocurrency withdrawals even when trading platforms remain operational.
As of November 14, Coinbase had not announced when INR withdrawals would resume. Customers must await further updates while the exchange works with its banking partner to restore normal services.
