After restoring ATM cash withdrawal services and access to netbanking portal, crisis-ridden Yes Bank today announced that it has partially restored its IMPS and NEFT services. This will enable Yes Bank customers to clear their credit card dues and loans from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation," Yes Bank said on Twitter.

Citing its financial health due to bad loans, the Reserve Bank of India (RBI) has placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till April 3.

Prashant Kumar, the RBI-appointed administrator, has said efforts are on to lift the moratorium before the April 3 deadline and it could be lifted as early as Saturday.

Last weekend, the lender had announced that its customers can now make withdrawals using the bank's debit card both at bank branches and other bank ATMs. Thanks for your patience.



0 thoughts on “Yes Bank restores NEFT IMPS services partially”

Post Comment

Daily News