No bank now again Yes Bank

BusinessNo bank now again Yes Bank


Moratorium lifted, full banking services resume

New Delhi: The moratorium on troubled private sector lender Yes Bank has finally been lifted. The bank will now resume its full range of services and the withdrawal cap of Rs 50,000 will also cease to exist.

“Our banking services are now operational. You can now experience the full suite of our services. Thank you for your patience and co-operation,” the bank tweeted via its official handle.

Customers can now access their deposits with the bank and avail NEFT/IMPS/RTGS services as well.

Yes Bank’s branches will open an hour earlier, at 8.30 am, from March 19 to March 21, with extension in banking hours for senior citizen customers, it said via a tweet.

The bank’s new Twitter bio reads as follows: “We start a new journey, backed by India’s best. We’ve redefined YES and it’s dedicated to YOU.”

Yes Bank was placed under moratorium earlier this month. The Reserve Bank of India (RBI) had superseded the private lender’s board and withdrawals had been capped at Rs 50,000 per depositor for a month-long period.

Share post:



More like this

PM’s visit to Kerala, Tamil Nadu and Maharashtra on February 27 & 28

Schedule for PM Modi’s visit to Kerala, Tamil Nadu,...

Inspiring Journey: From Start-Up to Success with Snapdeal Founder Kunal Bahl

The e-commerce business is booming around the world, particularly...

Shreya Ghoshal: From Child Prodigy to Queen of Melodies – A Success Journey

Shreya Ghoshal’s journey from a expertise display discovery to...