Customers can now use IMPS, NEFT to pay dues, says Yes Bank

Customers can now use IMPS, NEFT to pay dues, says Yes Bank

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services IMPS and NEFT. In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank accounts" using IMPS and NEFT.

The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and capped withdrawals from its accounts, with few exceptions. The RBI took control of Yes Bank last week.