YES Bank Users Face NO as UPI And Withdrawals Are Capped

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

If you are a YES Bank user then you are quite familiar with the recent happenings with the bank’s affairs. If you are not then read this news till the end.

On Thursday, a massive instruction was placed on YES Bank by RBI. YES, Bank is put under moratorium and a limit has been set as to what amount a bank-user can withdraw which is Rs 50,000. This means that if you are a person using YES Bank then the amount till which you can withdraw has already been decided by the bank.

Also Read

Neither RBI nor YES Bank has provided any information on how long this newly implemented restriction will be valid. RBI has however confirmed that it will all steps to ensure financial stability. It has also claimed that this situation is ‘not a sectoral problem’ but rather ‘bank-specific’.

Since an ill-organized bank disrupts the life of every bank account holder, let us focus on how they have shared their thoughts and views on Twitter. Few of them have claimed that the crashing of the bank was inevitable as it was performing poorly.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

While some others have questions as to what will happen after the limit of Rs. 50,000 is reached. Some of them are blaming RBI for its biased decision as they believe that the working class receives its salary between the 1st -10th day of every month.

Some of them have even shown concern that using Ola or Uber cab service under the current circumstances is extremely difficult. One user has commented that in the name of a cashless economy, people have become cashless.

Not just high-class people, common people like vegetable vendors and other humble businesspersons are also affected by this situation. But the most important problem is that Online apps like UPI are also not working and Twitterati has shared many screenshots claiming so.

While fund transfer has been disabled, the customers are allowed to view their balance and other ‘non-financial transaction’ and the Twitterati is all red-faced due to that. Hence ATMs are also not doing their jobs!

After the government intervened India’s largest lender SBI put its foot in YES bank that picked 49% share of the bank. The state-run lender will invest as much as Rs. 2,450 crore and could explore the possibility of more shares sooner than later to make YES bank financially stronger.

Now as you are aware of the current situation, make a wise decision as to how you intend to use your cash at hand. We hope that this doldrum is soon pacified and customers get to use their own money as fast as possible.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India