YES Bank Savings Account
YES BANK, offering innovative banking solutions, caters to your diverse financial needs with their wide range of Savings Accounts. Whether you prioritize high returns, convenience, or exclusive benefits, they have an account designed just for you.
Features and Services of YES Bank Savings Account
- Flexible Account Options: YES Bank offers various types of savings accounts tailored to different customer needs, including regular savings accounts, salary accounts, and specialized accounts for students and senior citizens.
- Convenient Banking Services: Enjoy a host of banking services such as online banking, mobile banking, SMS banking, and phone banking for seamless account management and transactions.
- Attractive Interest Rates: Earn competitive interest rates on your savings balance to help your money grow steadily over time.
- Debit Card Facilities: Access your savings conveniently with a YES Bank debit card, offering cash withdrawals, online payments, and other benefits.
- Customer Support: Benefit from personalized customer service and support to address any queries or concerns related to your savings account.
Types of YES Bank Savings Accounts
- YES Essence Savings Account: Earn cashback, YES Rewardz, and enjoy a customized debit card with benefits.
- YES Respect Savings Account: Avail welcome offers and enjoy priority connectivity.
- MY First YES Savings Account: Start your child’s financial journey with attractive interest rates and customizable withdrawal limits.
- YES PRO Max Savings Account: Maximize your benefits with loaded lifestyle benefits and exciting debit card offers.
- YES PRO Plus Savings Account: Earn rewards and enjoy discount on locker rentals and Demat AMC.
- YES PRO Savings Account: Start small, save big with rewards and discounts.
- YES Digital Savings Account: Open instantly online with zero balance requirement and enjoy convenient features.
YES Bank Savings Account Minimum Balance and Interest Rates
| Account Type | Minimum Balance (₹) | Below ₹ 50 Lakhs Interest Rate (%) | Above ₹ 50 Lakhs Interest Rate (%) |
|---|
| YES Essence Savings Account | ₹ 10,000 (Urban/Metro), ₹ 5,000 (Rural) | 3.00 | 3.50 |
| YES Respect Savings Account | ₹ 10,000 (Urban/Metro), ₹ 5,000 (Rural) | 3.00 | 3.50 |
| MY First YES Savings Account | ₹ 0 | 3.00 | 3.50 |
| YES PRO Max Savings Account | ₹ 50,000 | 3.50 | 4.00 |
| YES PRO Plus Savings Account | ₹ 25,000 | 3.25 | 3.75 |
| YES PRO Savings Account | ₹ 10,000 (Urban/Metro), ₹ 5,000 (Rural) | 3.00 | 3.50 |
| YES Digital Savings Account | ₹ 0 | 3.00 | 3.50 |
YES Bank Savings Account Charges
| Transaction Type | Charges |
|---|
| ATM Withdrawal (Non-YES Bank ATMs) | ₹ 20 per transaction |
| Cheque Book Issuance | First Cheque Book Free, Subsequent Charges Apply |
| NEFT/RTGS Transactions | Charges may apply based on transaction amount and channel |
How to Open a YES Bank Savings Account:
- Visit a YES Bank Branch: Locate the nearest YES Bank branch in your area or visit the official YES Bank website to explore savings account options.
- Select the Account Type: Choose the type of savings account that best suits your needs and preferences. YES Bank offers a variety of account options catering to different customer requirements.
- Gather Required Documents: Prepare the necessary documents required for opening a savings account, including identity proof, address proof, and photographs.
- Fill Out the Application Form: Complete the account opening application form with accurate personal and contact details.
- Submit Your Application: Submit the completed application form along with the required documents at the YES Bank branch.
- Minimum Deposit Requirement: Ensure that you meet the minimum deposit requirement specified by YES Bank for the selected savings account type.
- Verification Process: YES Bank will verify your application and documents provided to ensure compliance with regulatory requirements.
- Account Activation: Once your application is approved and verified, your YES Bank savings account will be activated. You will receive your account details, including the account number and welcome kit.
Documents Required:
- Identity proof: PAN card, passport, Aadhaar card, etc.
- Address proof: Utility bills, rental agreement, etc.
- KYC documents: As per government regulations.
Benefits of a YES Bank Savings Account:
- Competitive interest rates on savings balances.
- Access to a wide network of ATMs and branches across India.
- Convenient banking services, including online and mobile banking.
- Specialized account features tailored to different customer segments.
- Dedicated customer support to address your banking queries and concerns.
