YES BANK Savings Account

YES BANK offers a variety of savings account options to cater to different needs of every customer. They also have a customization option that allows customers to get a savings account with the benefits and features they desire.

Revision of Interest Rates on Yes Bank Savings Bank Deposits

Particulars	Rate of Interest
Saving Deposits Balance upto Rs. 1 lakh.	5% p.a
Saving Deposits Between Rs. 1 lakh and Rs. 1 crore.	6% p.a
Saving Deposits above Rs. 1 crore.	6.25% p.a

Features and Benefits of YES BANK Savings Account

• Enjoy free NEFT / RTGS payment facility via net banking
• Get a debit card with exciting offers
• Enjoy unlimited access to ATMs of any bank throughout the country
• Higher return of up to 6% p.a. on saving account
• Avail quarterly payout of savings interest
• Avail free demand draft (DD) issuance through both netbanking and branches
• Pay utility bills at ease using your YES BANK savings account
• Enjoy Life Insurance, Purchase Protection Insurance and Card Lost Liability
• Select an account number of your choice
• With the advancement in technology, you can apply, maintain and track your saving account very easily
• Get access to mobile and SMS banking
• YES BANK also provides doorstep banking services

How to open YES BANK Savings Account

Applying for a Savings Account at BankBazaar.com involves three simple steps from the user’s end:

Step 1: The user must fill out the Savings Account Eligibility form available online with the required personal data. Once submitted, the website automatically checks the eligibility of the applicant with a list of banks and generates a personalised list of savings account options available.

Step 2: The applicant can compare various Savings Account options offered. If the applicant is eligible to open a YES BANK savings account on the BankBazaar portal, the option will be made available.

Step 3: Select the desired bank and apply for a savings account. The user will then receive an instant e-approval from BankBazaar.com after successful submission of Savings Account application online. The application is sent electronically to the selected bank. The Savings Account department of the concerned bank gets in touch with the applicant directly. Users can check the status of their application through SMS and email alerts.

Types of YES BANK Savings Account

YES BANK offers savings accounts under three categories:

• Personal
  • Savings Exclusive – Enjoy high returns on your account balance along with doorstep services, debit card with unlimited access to ATMs in India, tax benefits on interest and more.
  • Savings Advantage – Enjoy a high interest rate of 6% p.a. payable on your account balance, free demand draft issues, tax-free interest for up to Rs.10,000 earned and a free silver debit card.
  • Savings Value – This option gives you complete value for money with low minimum balance requirements. Customers can still enjoy a number of benefits offered by YES BANK.
  • Savings Select – Get high returns of 6% p.a. with the benefits of a silver debit card with unlimited access, sweep-in facility, and more.
• Salary
  • Smart Salary Platinum – Get access to exclusive privileges and enjoy best-in-class services with this account. There is no minimum balance required. The debit card issued with this account is an International Platinum debit card.
  • Smart Salary Exclusive – Enjoy zero balance requirements with interest rate of 6% p.a. on your account balance. YES BANK offers the Domestic Gold debit card with this account.
  • Smart Salary Advantage – No minimum balance required, high interest rates on the balance, and best-in-class services make this an attractive salary account. YES BANK offers the Domestic Silver debit card with this account.
• Custom
  • Customizable Savings Account – A first of its kind, this savings account gives the customer power to design their own savings account. The customer can choose their own debit card, pricing options, account benefit packages and complimentary introductory offers. This savings account can be tailored to suit an individual’s lifestyle and banking preferences. The customer can also eliminate unnecessary account features and charges which are not required.
  • Create Your Own Savings Account – YES BANK offers you the option to create your own Savings Account online and enjoy features such as quarterly interest payout, unlimited ATM benefits, tax benefits, branch services and digital banking.

YES BANK Personal Savings Account Charges

YES BANK Salary Account Charges

The rates given below are effective 1st August 2016.

YES PAY

YES PAY is a digital wallet launched by YES BANK to facilitate smart phone and social media users to transact seamlessly for payments and receipts. All YES BANK customers and non-customers can register for this wallet and will receive a free virtual online card that can be used to make online transactions such as mobile and DTH recharges, purchase gift vouchers and discount coupons and pay bills.

Benefits of YES PAY

• Transfer funds to YES PAY users or bank accounts.
• Request for money from your contacts.
• Split bills or expenses amongst a group.
• Set goals to contribute a specified amount regularly for in-app purchases.
• Recharge your phone or DTH.
• Shop online at over 30,000 merchants with a single click.
• When you purchase a mobile or tablet with YES PAY, you can purchase insurance to safeguard you against expenses for handset damage, replacement and loss.
• Get attractive reward points for transactions made through YES PAY.
• Pay your bills.
• You can also download the latest songs across a variety of categories.