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Mysuru's Evening Daily · Since 1978
Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
Home/News/Yes Bank depositors rush to ATMs but mos…
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Yes Bank depositors rush to ATMs but most unable to withdraw cash

Mysore/Mysuru: Hundreds of harried Yes Bank depositors rushed to ATMs in city to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the…

By Author
Published March 7, 2020 · 3 min read
yes bank depositors rush to at

Mysore/Mysuru: Hundreds of harried Yes Bank depositors rushed to ATMs in city to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs. 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they cannot transfer the funds online as well. At the Bank’s branch on Kalidasa Road, people queued up in front of cash counters to withdraw cash as ATMs were not working and notices were pasted on the glass doors of the Bank. Panicked account holders rushed to homes to get cheque leaves to withdraw cash.

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