Business

YES BANK enables reward points redemption to refill oxygen cylinders for COVID-19 patients

YES BANK has enabled its customers to use their banking and credit card reward points to contribute towards medical oxygen for Covid-19 patients. To make this possible YES BANK has partnered with GiveIndia.

“Customers can now redeem their existing reward points to refill oxygen cylinders of 1,500 litres and 6,000 litres, respectively. The reward points redeemed towards oxygen refill will be channeled through GiveIndia and used to replenish medical oxygen at charitable hospitals in Mumbai, Bengaluru, and Delhi,” Yes Bank said in a statement on Wednesday.

All the donations, either through reward points or using a debit or credit card, will be eligible for a 50 percent tax exemption under 80G.

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