Donations made through reward points or using debit or credit card are 50 per cent tax exempted under Section 80G
YES Bank has teamed up with GiveIndia to help its customers use their banking and credit card reward points to contribute towards medical oxygen for Covid-19 patients.
Customers can now redeem their existing reward points to refill oxygen cylinders of 1,500 litres and 6,000 litres through the bank’s portal. The reward points redeemed towards oxygen refill will be channelled through GiveIndia and used to replenish medical oxygen at charitable hospitals in Mumbai, Bengaluru, and Delhi.
In 2020, YES Bank had committed Rs 10 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to help combat Covid-19 and support relief efforts.
“The bank acknowledges and salutes the spirit of our fellow citizens and communities, in coming together to combat the Covid-19 situation. As an essential services provider, the bank remains committed to assist and serve its customers while ensuring the health and safety of employees and their families,” said a statement from the lender.