RBI sets Rs 50,000 withdrawal limit on Yes Bank accounts

Frantic Yes Bank depositors lined up outside ATMs across the country hours after the private bank was placed under a moratorium by the RBI. The RBI on Thursday capped deposit withdrawals at Rs 50,000 per account for a month for customers. Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced a multitude of problems including closed down machines and long queues after the RBI placed the bank under a moratorium. In Mumbai, the situation escalated to such an extent that the Mumbai Police control room had to send SOS alerts to check on Yes Bank ATMs across the city to control the law and order situation.