New Delhi: Acting on the continuously deteriorating situation of Yes Bank, the government has banned its functioning for 30 days. With this, the withdrawal limit for account holders has been fixed at 50 thousand rupees. Yes, this situation of the Bank seems to have an impact on the service of the phone. PhonePe has made Yes Bank its banking partner. However, last Thursday night tweet from PhonePe was told that services are still disrupted due to 'unscheduled maintenance activity'. An apology was made and it was said that services would be restored soon.
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Soon after, PhonePe CEO Sameer Nigam informed that this is the effect of the government's action on banking partner Yes Bank. Along with this, hoped that the services will soon become normal. From Friday morning, there is a problem with the service of PhonePe.
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The announcement was made by the government last Thursday evening. Yes, Bank The work of the bank is being entrusted to the RBI. After this, Yes Bank's customers are seen to be stirred up. This order which continued on Friday also. Customers started arriving at Yes Bank ATMs at night. The ATMs were empty last night. After this, people started arriving before the bank opened in the morning. Yes Bank branches were crowded all over the country. People started worrying about their accumulated capital. In fact, the assurance has been given by the RBI and the government that investors' money will not be lost.
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