<h1>RBI Moratorium on Yes Bank Halts Digital Payments, Hits PhonePe; Withdrawal Limit Set at Rs. 50,000.</h1> Yes Bank's placement under a moratorium by the Reserve Bank of India has disrupted digital payment services, notably affecting PhonePe, which relies on Yes Bank for transaction processing. The bank's net banking services have been non-operational, impacting other fintech companies as well. The RBI has restricted deposit withdrawals to Rs. 50,000 per account for a month and has taken control by appointing an administrator. PhonePe's chief executive expressed regret over the service outage and indicated efforts to restore operations swiftly. The moratorium prevents Yes Bank from granting loans, making investments, or incurring liabilities.