If the yellow light of EPS is ON, there is certainly something wrong with it.
a lot of things can cause that.
it can be as simple as a dirty EPS plug/socket/clip sort of thing which is underneath ur car located somewhere in steering rack (this happened to my car too) and at its worse it can be a blown EPS motor (GOD forbid).
in between the both, it can be a fuse or some wiring short issue too.
now, u have to take it to a good mechanic first.a mechanic who has the diagnostic tool for EPS too.he ll hook up the device to the EPS and will read the error.the error will pin point where the error is.
in my case, it was the clip thing.
my mechanic first cleared the error codes from the EPS and told me to test it for some time.it stopped working again after some time. (mine used to work on its own will so it was confirm that motor isnt dead). then he cleaned the clip but the problem was still not gone.
eventually,he opened it again and did something to the clip, may be it was loose or broken, after that, the EPS never stopped working and its been around a year now.
I hope its something minor in your case too.u can check the fuses urself.the fuse box is located near the right shock absorber in the engine bay, open it and check the EPS fuses.
unhood ur battery terminals for 30min and then put them back n see if it helps (this might help because this will erase the error code in the EPS)
thnx for the detailed reply man
i did check all the Fuses and they were fine
so its fixed and in the process gave us a heartattack
man dad went to Honda without the car as its near his office to inquire about the possible problem and charges
the Honda guys said Sir steering jam hogai hai to New Kit lagay gi 85000Rs ki -.-
needless to say that was a minor heartattack
i told my dad that lets just take the Car to Honda and atleast diagnose the problem if its something major we will do from somewhere else
turns out it was a minor wiring fault of the EPS wiring caused by some hits from below which i plead guilty as i did took it on some very bad condition roads and that too after Rain with puddles all over
1200Rs ka bill banaya aur chal mera bhai gari sahi lol