
In which circumstances can Yes Bank depositors withdraw more than 50K?
Friday, March 6, 2020, 9:48 AM
The RBI may permit Yes Bank to pay depositors up to Rs.5 lakh during the 30-day moratorium period under certain circumstances. The Rs.50,000 withdrawal limit will be relaxed for depositors who need money for medical treatment, education, marriage or other ceremonies and "any other unavoidable emergency". A "competent authority" will decide on such requests, the government said.
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