Yes Bank introduced late Saturday night time that its debit card may be used to withdraw money at different financial institution ATMs. The transfer comes after lengthy queues at Yes Bank's ATMs and branches. During this time, complaints had been being made by prospects that they had been unable to withdraw cash.
YES Bank, combating money drawback, tweeted, "Now YES Bank account holders can withdraw from their debit card from any bank's ATM." The tweet has additionally tagged the Reserve Bank of India (RBI) and the Ministry of Finance.
Long queues reminded of demonetisation
Long queues of account holders outdoors YES Bank's ATM machines had been additionally seen on Saturday to withdraw money. <! –
Memories of demonetisation had been renewed as soon as once more. During this time most prospects needed to return empty handed from these machines. The prospects of the financial institution are going by way of loads of issues as web banking companies are additionally not working. While some complain that bank cards are additionally not working. Lalit Kumar, account holder of Goal Market department right here of Yes Bank, stated, "Internet banking is not working. Even credit cards are not working. However, I did not face any difficulty in withdrawing money through check. "Long queues of consumers had been seen outdoors an ATM of Yes Bank in Ghaziabad, however ATM machines weren’t withdrawing cash.
Several restrictions on the financial institution
The Reserve Bank has positioned a number of restrictions on Yes Bank, which is going through the disaster. However, many account holders say that the withdrawal of a hard and fast quantity of Rs 50,000 is being executed by way of checks from financial institution branches. The Reserve Bank has dissolved its board of administrators with speedy impact with a ban on Yes Bank until April 3. Also, each account holder is allowed to withdraw as much as Rs 50,000 a month. The central financial institution has appointed Prashant Kumar, former chief finance officer of State Bank of India, because the financial institution's administrator.