YES BANK Savings Account

Opening a savings bank account is quite routine as it helps you store your cash and earn returns on your idle funds. Along with that, you enjoy a great degree of liquidity with savings accounts.

 

Many financial institutions offer a diverse range of savings accounts that you can choose from. Among the most popular ones is the YES BANK Savings Account. Whether it’s convenient access to funds, convenient digital banking services or lucrative interest rates, YES BANK offers it all.

 

Read on to know more about the different savings account types, the interest rates, minimum balance terms, and more. 

• Complimentary virtual debit card

1. Shop online or pay your bills with ease using virtual debit card

2. Exclusive lifestyle benefits and welcome offer offers linked to debit card

3. Free insurance and protection cover linked to debit card

• Option to choose from wide range of feature rich YES BANK E-series physical debit cards

1. Higher cash withdrawal and spending limit

2. Unlimited free cash withdrawal facility at all YES BANK ATMs

• Attractive YES Rewardz loyalty points on almost every transaction in the account

1. Opportunity to earn 8,000 reward points in first 90 days of account opening itself

2. Earn up to 16,000 reward points on in a year

• Other exclusive YES BANK Savings Account features include

1. Offers on Demat account opening

2. Discount on locker facility

3. Free cheque book containing 25 leaves (once in a year on request only) 

Here is an overview of the various interest rates applicable to different amounts.

Disclaimer: The above savings account interest rates are effective from 2^nd November 2022 for YES BANK are subject to change at the bank’s discretion.

 

Given below is an overview of the various types of YES BANK savings accounts.

1. YES Digital Savings Account

YES BANK’s Digital Savings Account is the perfect option for most users. It simplifies banking and offers the full benefit of digital provisions. Notable features include:

• Video KYC and contactless account opening processes
• Nil brokerage fees on trading up to ₹5 Lakhs

 

Here’s an overview of the two YES BANK Digital Saving Account variants.

Debit Card & Allied Product Offers

• You must be an Indian resident

• You must be above 18 years of age

• You must be physically present for account opening

• You must keep your PAN and Aadhaar cards ready for filling account opening application

• Post account opening, welcome emailer will be sent to the customer

• No welcome kit will be issued to the Savings Account PRO customer

• Virtual debit card will be issued to the customer by default

• The customer will have the option to choose a physical debit card and cheque book through YES ONLINE after activation of Retail Net Banking facility

• Till the time Initial Payment (IP) module is not live in the system, account will be opened without IP

• Once IP module goes live, customer has to pay min ₹10,000 at the time of account opening without which system will not allow customer to proceed with account opening application

 

Note: All the fee & charges will be according to the schedule of charges of Savings Account PRO and Savings Account PRO Plus variants offered by YES BANK. For more details please refer rates & charges section updated on YES BANK website (www.yesbank.in). Charges are subject to change at the sole discretion of the Bank and will be updated on the Bank’s website. YES BANK Limited has rights to close the account in case of any discrepancy.