This is very important for people who are having their banking relationships with Yes Bank. With deposits of over Rs.200,000 crore and a massive loan book, Yes Bank’s relations run deep into the economy. How should investors and depositors handle their relationships with Yes Bank? Let us focus on the bank accounts that people hold with Yes Bank. This could be current accounts, savings accounts or fixed deposits. The good news is that all deposits in Yes Bank are safe as per the assurance of the Finance Minister. However, it is better to be safe than sorry and you need to start winding down your links with the bank gradually. Ensure that your employer immediately shifts your salary account from Yes Bank and do the same if you are a businessman and employ people. All checks issued on your Yes Bank account will not be valid so immediately inform the payee and make alternative arrangements. Such bounces don’t qualify for legal action but you must be proactive nevertheless.