YES Bank Savings Account
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.