New Delhi: After the ban on the functioning of Yes Bank on Thursday night, a big problem has arisen for the account holders. The Reserve Bank of India (RBI) has also said that account holders cannot withdraw the amount of more than 50 thousand in a whole month. In such a situation, we are telling you that by resorting to such measures, you can easily withdraw up to 5 lakhs from your Yes Bank account.
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In the order issued by the RBI, it has been said that up to five lakh rupees can be withdrawn from the bank for medical expenses. Under this rule, if the account holder or any of his family members are undergoing treatment, then the exemption is given under this rule. RBI has also clarified that if there is a marriage in the house of an account holder, then he will also have to withdraw money under this rule. For this, the marriage card will have to be submitted to the bank along with an affidavit.
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The government has given exemption to account holders. You can easily withdraw up to Rs 5 lakh from the bank for the fees paid for the education of your children. The good news is that Yes Bank is not drowning but management changes are taking place. On a management that was not able to run the bank properly, the RBI has used its Banking Regulation Act power to place its officer in the bank.