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Yes Bank moratorium: Hyderabad customers go on pins and needles

On Saturday, hundreds of account-holders queued up outside Yes Bank branches in the city to withdraw their money.

Published: 08th March 2020 09:16 AM  |   Last Updated: 08th March 2020 09:16 AM   |  A+A-

Account holders of Yes Bank are seen at Dilsukhnagar branch in Hyderabad

Account holders of Yes Bank are seen at Dilsukhnagar branch in Hyderabad. (Photo| Sathya Keerthi, EPS)

By Express News Service

HYDERABAD:  Yes Bank users in the city have been in a tizzy ever since the bank was placed under moratorium by the Central government. On Saturday, hundreds of account-holders queued up outside Yes Bank branches in the city to withdraw their money.

Although the bank had put out a notice claiming that the account-holders could withdraw cash within the prescribed limit of Rs 50,000 using all channels, including online portals, the services had stopped working.

Account-holders say that all the online services, such as Google Pay, and ATM services has been non-functional since Thursday midnight. Depositors, even on Saturday, could not use their ATM cards or make payments online. 

"Whenever I come to the bank, there are very few people inside. But now it feels like we have entered a free food stall near a railway station.  I have never seen so much rush here," said A Niranjan, an account-holder at Yes Bank, Somajiguda. Meanwhile, the RBI has assured depositors that their interest would be fully protected and that there was no need to panic. 



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