YES Bank Current Account

The account comes with low minimum balance requirement and provides the users with free cash withdrawal within India, free cash deposit up to Rs.2 lakh per month, free 60 DD per month and more.

Primary Features	Charges
Average Quarterly Balance (AQB)	Rs.10,000
Non-maintenance of balance	Rs.1000
Cash deposit limit	Free up to Rs.2 lakh per month
Cash withdrawal	Free within India
NEFT / RTGS payment (via net banking)	NEFT – Rs.4 on transactions above Rs.10,000 RTGS – Rs.25 per transaction
Demand Drafts	Free up to 60 DD per month
Cheque Leaves	Rs.2 / leaf (first cheque book of 50 leaves free on account opening)

Primary Features	Charges
Average Quarterly Balance (AQB)	Rs.30,000
Non-maintenance of balance	Rs.1500
Cash deposit limit	Free up to Rs.5 lakh per month
Cash withdrawal	Free within India
NEFT / RTGS charges (via netbanking)	Free NEFT and RTGS payments
Demand Drafts	Free up to 60 DD per month
Cheque Leaves	100 cheque leaves free per month

With the product, the users can avail privileges including free cash withdrawal within India, unlimited and free demand draft, free NEFT and RTGS payments and more.

Primary Features	Charges
Average Quarterly Balance (AQB)	Rs.70,000
Non-maintenance of balance	Rs.1500
Cash deposit limit	Free up to Rs.20 lakh per month
Cash withdrawal	Free within India
NEFT / RTGS charges	Free NEFT and RTGS payments
Demand Draft	Unlimited + Free DD every month

The customers can get added advantages including unlimited and free DD every month, free cash withdrawal, free cash deposit up to Rs.50 lakh per month and more.

Primary Features	Charges
Average Quarterly Balance (AQB)	Rs.2 lakh
Non-maintenance of balance	Rs.1500
Cash deposit limit	Free up to Rs.50 lakh per month
Cash withdrawal	Free within India
NEFT / RTGS charges	Free NEFT and RTGS payments
Demand Draft	Unlimited + Free DD every month

This account  variant is a zero balance current account provided by YES Bank. The variant provides users with facilities including free NEFT, RTGS collection and payment, free 50 DDs per month, free 100 cheque leaves per month and more.

Primary Features	Charges
Average Quarterly Balance (AQB)	No balance commitment for 1st year Post 1 year- Rs.25,000
Non-maintenance of balance	Rs.1500
Cash deposit limit	Free up to Rs.10 lakh per month
Cash withdrawal	Free across all YES Bank branches
NEFT / RTGS payment & collection (any channel)	Free
Demand Drafts	50 instruments free per month
Cheque Leaves	100 cheque leaves free per month

The account variant comes with low minimum balance requirement and hence is suitable for low wage earners. The product provides users with free cash withdrawal, free NEFT / RTGS collection and payment and more.

Primary Features	Charges
Half-Yearly Average Balance	Rs.5000
Non-maintenance of balance	Rs.500
Cash deposit limit	Free up to Rs.5 lakh per month
Cash withdrawal	Free across all YES Bank branches
NEFT / RTGS payment & collection (any channel)	Free
Demand Drafts	25 instruments free per month
Cheque Leaves	50 cheque leaves free per month

This current account variant provides users with added privileges including unlimited and free NEFT / RTGS collections, unlimited and free demand drafts and cheque leaves and more.

Primary Features	Charges
Average Quarterly Balance (AQB)	N.A.
Non-maintenance of balance	N.A.
Cash deposit limit	Free up to Rs.1 lakh per month
Cash withdrawal	Free across all YES Bank branches
NEFT / RTGS collections	Unlimited and Free
Demand Drafts	Unlimited and Free
Cheque Leaves	Unlimited and Free

The account holders of this variant provides users with facilities including free NEFT / RTGS collections and payments, zero account balance maintenance charges, free 50 DD per month and more.

Primary Features	Charges
Eligibility Criteria	Rs.2 lakh CASA or Rs.10 lakh NRV
Non-maintenance of balance	Nil
Cash deposit limit	Free up to 10 times of current month AMB
Cash withdrawal	Free across all YES Bank branches
NEFT / RTGS collections & payments	Free
Demand Drafts	50 per month is free
Cheque Leaves	300 cheque leaves free per month

The YES Bank Current Account comes with a lot of features and benefits to the users. Below listed are some:

• Unlimited cash deposits and limitless withdrawals
• Smooth financial transactions using account balance
• Free inward remittances and multi-location fund transfers
• Mobile and Internet banking facility
• Issuance of cheques and request for demand drafts and pay-orders

YES Bank provides its customers with a special three-tier structure for Current Accounts:

1. Edge Business – This product is ideal for new startup or a business with less volume transactions and with rather low balance expectation.

2. Prime Business – This current account variant is best suited for handling large value transactions. Here, one can choose from a variety of value-added services in accordance with the specific business needs.

3. Exclusive Business – This product offers maximum benefits and cost-saving features to its customers. It provides the best in-class services to meet all the business and financial needs.

Three-tier structure for Current Accounts
Primary Features	Edge Business	Prime Business	Exclusive Business
Average Quarterly Balance (AQB)	Rs.25,000	Rs.1 lakh	Rs.5 lakh
Non-Maintenance Charges	Rs.1500	Rs.1500	Rs.1500
Cash Deposit	Free up to Rs.5 lakh	Free up to Rs.10 lakh	Free up to Rs.25 lakh
Cash Withdrawal (across all YES Bank branches)	Free	Free	Free
NEFT & RTGS (online payments & collection)	Free	Free	Free
Cheque Book	100 cheque leaves free per month	300 cheque leaves free per month	500 cheque leaves free per month
Demand Draft (payable at YES Bank)	25 instruments free per month	50 instruments free per month	Free
Card Type	EMV Chip Business Gold Debit Card	EMV Chip Business Gold Debit Card	YES First World Business Card
Cheque pick-up	Rs.100 per visit	Free	Free

Below mentioned is the list of entities eligible for a Current Account in YES Bank:

• Resident Individual
• Hindu Undivided Family
• Sole Proprietorship Firm
• Partnership Firms
• Limited Liability Partnership Firm
• Private and Public Limited Company

YES Bank Current Account can be opened by the above mentioned entities online or by visiting the nearest bank branch or by calling the YES Bank 24-hour contact centre.

Online

Step 1: Visit the official website of YES Bank.

Step 2: Click on the ‘Business Banking’ option.

Step 3: In the drop-down menu, Click on ‘Current Account’

Step 4: Choose the preferred YES Bank Current Account variant.

Step 5: In the newly opened page Enter the ‘Click to Apply’ section.

Step 6: Provide the required details like name, state, city, mobile number, email id and proceed further and click on ‘Submit’. Have a look at the below displayed picture

Step 7: After successful completion, a YES Bank representative will give a call or send an SMS to the person in regards to the application.

Offline

The users can visit the nearest bank branch with all the required KYC acceptable documents. One needs to fill the YES Bank Current Account opening form and submit it to the bank along with all the documents. The users can also download the YES Bank Current Account opening form available at the bank’s official website and submit the duly filled form along with all the documents to the nearest bank branch. For online form download follow the below mentioned steps:

Step 1: Visit the official website of YES Bank.

Step 2: Click on the ‘Business Banking’ option.

Step 3: In the drop-down menu, click on the ‘Current Account’ section.

Step 4: Choose the preferred YES Bank Current Account type.

Step 5: In the newly opened page, click on the ‘Downloads’ option. Look at the below displayed picture.

Step 6: Download the current account opening form in the preferred language.

Step 7: Take a print out and fill the form.

Step 8: Visit the nearest bank branch with the filled form and all required KYC acceptable documents for account opening.

The required documents to be presented before applying for a preferred Current Account variant depends on the category one belongs to. For Individual account, the following documents are required:

Individual

Identity proof Address proof PAN A recent photograph Form 49A along with Form 60 if applied for PAN Card

It is to be noted that there are varying requirements for other categories as well. Also, in addition to the self-attested copies of the identity proof, address proof and photograph the following additional documents are required for other categories.

Hindu Undivided Families

PAN of the Karta HUF declaration certificate Communication address proof Current mobile number and email ID

Sole Proprietorship

PAN of the Proprietor Any 2 registration certificates from the following: License issued by the municipal authorities  Existing bank statement from the previous 6 months Certification documents issued by the tax authorities or by government authorities In case the Power of Attorney (PoA), identity proof, address proof and photograph of the PoA holder are also required

Partnership Firms

List of beneficial owners Communication address proof of the entity Partnership Deed Registration Certificate

Limited Liability Partnership

Registration certificate of LLP List of beneficial owners Copy of LLP agreement

Private and Public Limited Companies

Certificate of Incorporation MoA and AoA of company List of beneficial owners Communication address proof of entity Proof of address and identity of senior managing officials

Q. How to close Current Account in YES Bank?

A. The YES Bank Current Account closure form in available on the official bank website. The user needs to download the form, print it, fill out and submit the form to the branch.

Q. What is the minimum balance requirement in YES Bank Current Account?

A. YES Bank Current Account minimum balance requirement varies from one account variant to another. For Business Value account it is Rs.10,000 while for Business Growth account it is Rs.30,000.

Q. Can one open YES Bank zero balance Current Account?

A. One can go for YES Head Start-Up Current Account that offers zero balance requirement for 1st year post which the minimum balance of Rs.25,000 needs to be maintained.

Q. How to proceed for online Current Account opening in YES Bank?

A. Follow the below mentioned steps-

• Visit the official website of YES Bank and Click on the ‘Business Banking’ option
• Then, Click on ‘Current Account’
• Choose the preferred Current Account variant and Enter the ‘Click to Apply’ section
• Provide the required details asked in the form
• After successful completion, a YES Bank representative will give a call or send an SMS to the person in regards to the application