YES Bank Savings Account

Customizable Savings Account

Yes Bank brings a Customizable Savings Account which gives the customer the power to choose. To create a customizable savings account, visit Yes Bank’s official website and choose from a range of options. The features and benefits of this savings account are as follows:

• Customize your Savings Account in 4 simple steps by choosing – debit card, pricing options, account packages and Yes Delights
• Minimum Balance Requirement is Rs. 10000 (which can be waived off by maintaining a fixed deposit of minimum Rs. 50,000 or recurring deposit of minimum Rs. 5000 per month
• 5 free ATM transactions (All transactions through Yes Bank and other bank ATMs free if minimum balance is maintained)
• Auto upgrade of benefits on the basis of relationship value – from Prime to Ascent to Crest
• Avail benefit of zero balance savings account by opting for any one of the mentioned products – Fixed Deposit, Recurring Deposit, Current Account or Standing Instruction for Mutual Fund
• Earn interest up to 6.25% p.a. on your savings account balance
• Enjoy exclusive offers on Yes Bank Demat Account and Locker at the time of account opening with Yes Delights
• Transfer funds for free using NEFT / RTGS through branch, enjoy enhanced free limits on cash withdrawal and demand draft
• Free online transactions via IMPS / NEFT / RTGS using Net Banking and Mobile Banking
• Get 1 complimentary Yes Bank Zero Balance Savings Account for your family members if you opt to group your family

Debit Card Options with Yes Bank Customizable Savings Account

Eligibility Criteria –

Any individual residing in India is eligible to open Customizable Savings Account with Yes Bank.

How to open Yes Bank Customizable Savings Account online?

Anyone can open Yes Bank savings account online through Paisabazaar. The steps involved in the process of online application are:

Step 1: In the first step, fill a Savings Account form on Paisabazaar with required personal data like annual income range, name, email id, contact number and city you live in. Once submitted the Savings Account tool automatically will provide personalized Savings Account options for you.

Step 2: In the second step, the applicant can compare various Savings Account options offered by the tool interface and apply for Yes Bank Savings Account and provide your basic and personal details to open your bank account in no time.

1. Smart Salary Platinum Account

Smart Salary Platinum Account from Yes Bank is designed to provide the best in class service and enjoy exclusive privileges. The features and benefits of this Yes Bank saving account are as follows:

• Enjoy a no strings attached account with nil minimum balance requirements
• Tax Free interest income: up to Rs 10000 on Savings Account
• Earn interest up to 6.25% p.a. on your savings account balance
• Platinum Debit Card with daily domestic and international ATM withdrawal limit of Rs 1 lakhs
• Quarterly payout of Savings interest
• Free RTGS/NEFT payment facility
• Free Demat Account Opening, with 100% AMC waiver for the 1st year

Eligibility Criteria –

Any individual residing in India can open a savings account with Yes Bank. But, to open a Yes bank Smart Salary Platinum Account, you need to present a letterhead to confirm that you are an employee or the company has an existing banking relationship with Yes Bank.

2. Smart Salary Exclusive Account

Smart Salary Exclusive Account from Yes Bank comes loaded with best in class features and exclusive offers and privileges. The features and benefits of this Yes Bank saving account are as follows:

• Enjoy a no strings attached account with nil minimum balance requirements
• Tax Free interest income: up to Rs 10000 on Savings Account
• Earn interest up to 6.25% p.a. on your savings account balance
• Titanium Plus Debit Card with daily domestic and international ATM withdrawal limit of Rs 75000
• Free unlimited transactions at Yes Bank and other bank ATMs in India
• Quarterly payout of Savings interest
• Free RTGS/NEFT payment facility
• Free Demat Account Opening, with 50% AMC waiver for the 1st year

Eligibility Criteria –

Any individual residing in India can open a savings account with Yes Bank. But, to open a Yes bank Smart Salary Exclusive Account, you need to present a letterhead to confirm that you are an employee or the company has an existing banking relationship with Yes Bank.

3. Smart Salary Advantage Savings Account

Smart Salary Advantage Savings Account from Yes Bank comes with host of benefits and services to meet your entire banking requirement. The features and benefits of this Yes Bank Savings Account are as follows:

• Enjoy a no strings attached account with nil minimum balance requirements
• Tax Free interest income: up to Rs 10000 on Savings Account
• Earn interest up to 6.25% p.a. on your savings account balance
• Titanium Debit Card with daily domestic and international ATM withdrawal limit of Rs 50000
• Free Titanium Debit Card with access to 1.25 million ATMs and 25 million merchants across India
• Quarterly payout of Savings interest

Eligibility Criteria –

Any individual residing in India can open a savings account with Yes Bank. But, to open a Yes bank Smart Salary Advantage Account, you need to present a letterhead to confirm that you are an employee or the company has an existing banking relationship with Yes Bank.

4. Yes Family

At Yes Bank, the importance of family is well understood, and hence they offer a family savings bank account, a unique account that enables you to open account of your entire family and link them together to enjoy flexibility on balance maintenance. It will be more comfortable for you to manage all the savings accounts through a single screen. This savings account from Yes Bank offers multiple benefits and greater banking privileges. Few features and benefits are discussed below:

• The Yes Bank savings account offers the option to maintain the minimum balance across all your family savings accounts
• The account is eligible for 6.25% p.a. interest on account balance
• No debit card annual fee from 2^nd year onwards
• Get preferential rates on loans and broking accounts
• A free personalised cheque book is provided at the time of opening the account
• Free Demand Draft issuance up to defined limits through Branch and NetBanking
• Free RTGS/NEFT payment facility through NetBanking

Eligibility Criteria –

All individuals residing in India can open a savings account with Yes Bank.

5. My First YES Account

My First YES Account is an exclusive savings account for children which will help them to teach different aspects of banking. This can also be opened as joint savings account. The features and benefits of the savings bank account are as follows:

• With Yes Bank savings account you can earn interest up to 6.25% p.a.
• The Average Quarterly Balance requirement is Rs. 2,500 only
• The AQB is waived if a Fixed Deposit is also maintained with the bank
• The parents can determine the cash withdrawal limit on debit cards for the child and customize them as per requirement at Rs. 1,000 or Rs. 2,000 or Rs. 5,000 per day for children aged 10 years and above
• Free RTGS/NEFT payment facility through NetBanking
• Free personalized Under Guardian cheque book
• The interest on the account is paid out quarterly
• Ease of banking through vast network of branches and ATMs

Eligibility Criteria –

My First YES Savings Account is available to children up to the age of 18 yrs. It is a pre-requisite for the parent/ guardian to also hold an account with YES Bank. In event of the parent/ guardian not holding a YES Bank Savings Account, both the accounts (parent’s Saving Account and My First YES Savings Account) can be simultaneously opened.

6. YES First for Women

Yes First Account for Women is specially crafted for progressive Woman of today and offers them with convenient and rewarding experience. Yes Bank believes that women of today deserve a banking experience which is exclusive, premium and extraordinary. The features and benefits of this savings bank account are as follows:

• Enjoy a no-strings attached savings account with no minimum balance requirements
• Unlimited service charge waivers on all transactions
• Get a complimentary Yes World Debit Card with ATM withdrawal and purchase limits of up to Rs 1 lakhs per day
• Free accident cover of Rs 2 lakhs

Eligibility Criteria –

All women individuals residing in India can open a Yes First savings account with Yes Bank.

7. Yes Honour

Yes Honour is a customized salary savings account which is created especially for employees of Central Government, State Government and Public Sector Units. It provides exclusive privileges and facilities to make banking a convenient, hassle free experience for you. The features and benefits of this savings bank account are as follows:

• Enjoy a zero balance savings account with no requirement of minimum balance
• Tax free interest income up to Rs 10000 on savings account
• Employees of Central Government, State Government and Public Sector units can avail this account
• Earn interest up to 6.5% p.a. on your savings account balance
• Debit Card with Lost Card Liability Protection & Purchase Protection, and exciting offers and discounts
• Quarterly payout of Savings interest

Eligibility Criteria –

Any individual residing in India and an employee of Central Government, State Government and Public Sector Units is eligible to open Yes Honour Account.

8. Insta Savings Account

This savings account from Yes Bank is a digital savings account and can be opened instantly online using Aadhaar based eKYC. You can simply open this account from the convenience of your home or office, by filling the online account opening form. This account comes with transparent charges and provides value added benefits through several deals and rewards and much more.

Features & Benefits

Yes Bank online savings account comes loaded with various features and benefits that help to make banking a hassle free experience for you.

• Insta Savings Account can be opened instantly using Aadhaar based eKYC
• Earn interest on your savings up to 6.25% p.a. Earn 6.25% p.a. interest on balances of INR 1 Crore and above, 6% p.a. for balances of INR 1 lakh up to INR 1 Crore and 5% p.a. for balances up to INR 1 lakh.
• Option to choose the account number of your choice
• Option to upload KYC documents and partial filling of account opening form

Eligibility Criteria –

All individuals residing in India can open a savings account with Yes Bank.

Documents Required –

To open an Insta savings account with Yes Bank, you should have a PAN Card and Aadhaar Card and a mobile number linked with your Aadhaar number.

How to open Yes Bank Insta Savings Account online?

You can open Yes Bank Insta Savings Account online easily by visiting Yes Bank’s official website.

9. Yes Bank Savings Exclusive Account

Savings Exclusive Account from Yes Bank comes loaded with best in class features and exclusive offers and privileges. The features and benefits of this Yes Bank saving account are as follows:

• Earn interest on your savings up to 6.25% p.a. Earn 6.25% p.a. interest on balances of INR 1 Crore and above, 6% p.a. for balances of INR 1 lakh up to INR 1 Crore and 5% p.a. for balances up to INR 1 lakh.
• You can get account number of as per your choice
• Get Yes Bank Titanium Debit Card and avail exclusive offers and discounts
• Unlimited access to ATMs of any bank across India
• Doorstep Banking Service
• 5 FREE pm for instrument & FREE for 10 Txns OR up to Rs. 20 Lacs pm for Cash
• Debit Card with exciting offers Unlimited access to ATMs of any bank across India

Eligibility Criteria –

All individuals residing in India can open a savings account with Yes Bank.

10. Savings Value

Yes Savings Value comes with various banking benefits including minimal balance requirement. Following are the features and benefits of Savings Value Account from Yes Bank:

• Earn interest up to 6.5% p.a. on your savings account balance
• Tax free interest income up to Rs 10000 on Savings account
• Quarterly payout of Savings interest
• Free RTGS/NEFT payment facility through NetBanking
• Unlimited access to ATMs of any bank across India

Eligibility Criteria –

Any individual residing in India is eligible to open Savings value account with Yes Bank.

11. Yes Vijay

Yes Vijay is a zero balance salary account exclusively for the defence forces. It comes with several special offers and privileges to make the banking a hassle free process. Following are the features and benefits of Yes Vijay Account:

• Enjoy a no strings attached zero balance savings account
• Enhanced personal accident cover up to Rs 30 lakhs
• Earn interest up to 6.5% p.a. on your savings account balance
• Quarterly payout of Savings interest
• Free RTGS/NEFT payment facility through Netbanking
• Free Demat Account opening with 50% waiver on AMC for lifetime
• Free Additional Debit Card for single account holders

Eligibility Criteria –

Any individual working in defence forces and residing in India is eligible for opening a Yes Vijay account.

12. 3 – In – 1 Savings account

3 in 1 Savings Account from Yes Bank offers complete investment solutions which include a savings account, Demat account and securities investment account. The features are as follows:

• A Savings Account, Demat Account and Yes Securities investment account can be opened at one instance
• All the three accounts provide instant and easy access
• Earn an interest up to 6.5% p.a. on your savings account balance
• A wide range of investment products which include equities and derivatives, mutual funds, currency futures, Bonds, NCDs and IPOs

Eligibility Criteria –

Any individual residing in India is eligible to open this savings account from Yes Bank.

13. Yes Respect*

A Yes Bank savings account for senior citizens with the following features and benefits:

• The savings account with Yes Bank promises a 7% rate of interest if the balance in the account is Rs. 3 lakh and above else 6% interest rate
• 50% extra rate of interest on term deposits
• 40% discount on lockers
• The Annual Maintenance Charges on the Demat Account is waived for one year
• Savings with Yes Bank gives the accountholder access to a dedicated Relationship Manager who is there to provide advisory services and meet the banking needs of the customer
• Discounts at health stores, chemists, hospitals, retail outlets, hotels, etc.
• Free Silver Debit card with higher limits on cash withdrawals and POS transactions
• SMS and email alerts for banking transactions and Phone Banking facility
• Discounts on medical consultation and diagnostic packages at Metropolis India Diagnostic Centres
• Free Personal Accident cover of Rs. 1 lakh on the Debit Card is available with this type of savings account

14. Yes Grace*

A Yes Bank women savings bank account with the following features and benefits:

• The savings bank account promises a 7% rate of interest if the balance in the account is Rs. 3 lakh and above else 6% interest rate
• Yes Bank savings account interest rate is paid on the account is paid out quarterly
• A zero balance My First Yes Account for the child
• The Average Quarterly Balance requirement of Yes bank savings account is completely waived if a Fixed Deposit or a Recurring Deposit account is maintained
• Optional sweep facility to maximize earnings is available with this savings bank account
• Investment Advisory services via email
• 5% cash back on Debit Card purchases, 25% discount on locker fees, first year waiver of AMC on Demat Account and attractive deals and gifts through Yes Privileges
• Free Mobile phone alerts for all banking transactions
• Doorstep banking facility
• Silver Debit Card with added Lost Card Liability and Purchase Protection coverage
• Facility of Money Monitor to track financial information, mobile banking facility, SMS alert feature and Phone Banking facility.
• Discounts on medical consultation and diagnostic packages at Metropolis India Diagnostic Centres and Health Insurance from Bajaj Allianz

15. Savings Select Account*

A savings account with Yes Bank designed with the singular purpose of helping and encouraging you to grow your savings. The key attractions of the savings bank account are:

• The account offers higher return of 6% p.a on your savings bank account balance.
• Debit cards with many attractive features and exciting offers and unlimited access to ATMs of any bank across India.
• Tax free interest income up to Rs. 10,000 on savings accounts
• Free NEFT/RTGS facility through net banking
• Free demand draft issuance up to defined limits through net banking and Yes Bank branches
• The bank offers free utility bill payment facility through net banking for registered billers
• Set up of standing instruction facility is also offered free of cost

Applying for a Offline Savings Account from Yes Bank

If you want to open any of the offline savings accounts from Yes Bank which are listed above, then you can do so by visiting the nearest Yes Bank’s branch.

*This product is no longer available.

The savings account with Yes Bank is available for adults (over 18 years of age) who are – Resident Individuals (as sole operated or joint accounts), foreign nationals residing in India and HUF (Hindu Undivided Family) customers. Minors (below 18 years) may open their first savings account with Yes Bank with parent/guardian as joint holder.

The documentation process of Yes Bank is simple and convenient. Here are the documents you need to submit before opening an account with the bank.

• Address Proof and Identity Proof as per banking norms like Aadhaar Card or Pan Card

For minors –

• In case the guardian is illiterate, date of birth certificate of the minor from the competent authority
• If guardian is appointed by the court then copy of the court order providing guardianship rights