The government has taken a big decision to save the sinking Yes Bank. Till april 3, the withdrawal limit has been fixed to Rs 50,000 / -. Let it be clear that that investors will be able to withdraw this amount till April 3 but not till 50000 every day.
However, the withdrawal limit has been fixed to ₹ 5 lakh under special circumstances. Higher amount can be withdrawn for studies, treatment and marriage. The withdrawal limit will continue till 3 April. In order to improve the financial condition of Yes Bank, RBI has taken over the board of directors of the bank for the next one month. The bank will be restructured before April 3.
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