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  • YES BANK Savings Account

    YES Bank Savings Account

    Savings plan is of great importance in everyone’s life, irrespective of the individual’s financial condition. YES BANK savings accounts offer solution to both saving and banking requirements. YES BANK, being one of the leading banks in India, provides financial services and expert advice to all its customers and provides them with unlimited access to the ATMs of any bank across India.

    Features and Benefits of Yes Bank Savings Account

    • Enjoy free NEFT / RTGS payment facility via net banking
    • Avail quarterly payout of savings interest
    • Avail free demand draft (DD) issuance through both net banking and branches
    • Unlimited access to ATMs of any bank across India
    • Pay utility bills at ease using your Yes bank savings account
    • Enjoy Life Insurance, Purchase Protection Insurance and Card Lost Liability
    • Higher return of up to 6 percent per annum on saving account
    • Select an account number of your choice
    • With the advancement in technology, you can apply, maintain and track your saving account very easily

    How to open YES BANK Savings Account

    Applying for a Savings Account at BankBazaar.com involves three simple steps :

    Step 1: In the first step, the user must fill the Savings Account eligibility form available online with required personal data. Once submitted the Savings Account tool automatically checks for eligibility of the applicant and personalized Savings Account options.

    Step 2: In the second step, the applicant can compare various Savings Account options offered by the tool interface and apply for the best suitable Savings Account.

    Step 3: The last step involves receiving 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 alters as well as emails.

    Types of YES BANK Savings Account

    • Savings Exclusive
    • Savings Advantage
    • Savings Value
    • Savings Select

    YES BANK Savings Account Charges

    Savings Exclusive
    Average Quarterly Balance (AQB) Rs. 1,00,000
    FD requirement for Nil (AQB) Rs. 5,00,000
    RTGS Payment (Branch and Netbanking) Free
    NEFT Payment (Branch and Netbanking) Free
    Foreign Outward Remittance Rs. 500 inclusive of SWIFT charges
    Demand Draft payable at YES BANK branch 20 free per month. Rs. 50 per instrument, thereafter
    NEFT Collection Free
    RTGS Collection Free
    Annual fee for debit cum ATM card Rs. 249
    PIN regeneration Rs. 50 per instance
    Savings Advantage
    Average Monthly Balance (AMB) Rs.10,000
    FD requirement for Nil (AQB) Rs. 50,000
    RTGS Payment (Branch and Netbanking) Free
    NEFT Payment (Branch and Netbanking) Free
    Foreign Outward Remittance Rs. 200 plus SWIFT charges
    Demand Draft payable at YES BANK branch 10 free per month and Rs. 50 per instrument thereafter
    NEFT Collection Free
    RTGS Collection Free
    Annual fee for debit cum ATM card ZERO
    PIN regeneration Rs. 50 per instance
    Savings Value
    Average Quarterly Balance (AQB) Rs. 5,000
    FD requirement for Nil (AQB) Rs. 50,000
    RTGS Payment (Branch and Netbanking) Free
    NEFT Payment (Branch and Netbanking) Free
    Foreign Outward Remittance Rs. 200 plus SWIFT charges
    Demand Draft payable at YES BANK branch 4 free per month and Rs. 50 per instrument thereafter
    NEFT Collection Free
    RTGS Collection Free
    Annual fee for debit cum ATM card Rs. 149
    PIN regeneration Rs. 50 per instance
    Savings Select
    Average Quarterly Balance (AQB) Rs. 25,000
    FD requirement for Nil (AQB) Rs. 2,50,000
    RTGS Payment (Branch and Netbanking) Free
    NEFT Payment (Branch and Netbanking) Free
    Foreign Outward Remittance Rs. 200 plus SWIFT charges
    Demand Draft payable at YES BANK branch 10 free per month and Rs. 50 per instrument thereafter
    NEFT Collection Free
    RTGS Collection Free
    Annual fee for debit cum ATM card Rs. 149
    PIN regeneration Rs. 50 per instance

    News About YES BANK Savings Account

    • YES BANK Slashes Rates On Its Savings Account

      YES BANK is one of the few private banks that has seen a tremendous growth in a short span of time, thanks to its bold and unconventional moves. Now it has brought down its interest rate on savings account by one percent and at present stands at six percent. The interest rate for domestic and non-resident savings accounts has been changed from seven to six percent, and will be effected from 1st November, according to the press release sent by the bank. Yes Bank had previously escalated its interest rate on savings deposit to seven percent four years back in 2011. The rate is disbursed on savings bank account, which is estimated on an everyday basis. Another bank that offers the same as of now is Kotak Mahindra Bank. But every other lenders are offering four percent interest for their savings account.

      20th October 2015

    • YES BANK Jumps on the M-Wallet Bandwagon- Will Launch Contender Soon

      The technologically savvy concept of m-wallets (mobile wallets for the uninitiated) is rapidly gaining a fan following in India, with popular options like Paytm and MobiKwik leading the pack. YES BANK, a premier private sector bank isn’t ignoring this development, or its competitor, ICICI Bank’s response in the form of its very own m-wallet concept called ‘Pockets’. The bank has promised to launch a m-wallet of its own soon, and tap into the latest craze amongst the Indian masses of making online payments on the go and affect major purchases and other financial transactions via their mobile phones. YES BANK has reasons to react- latest RBI data notes that m-wallet transaction stood at a whopping Rs.8,180 crores in the fiscal year 2014-15 and the trend is only set to go skywards.

      18th August 2015

    Note :* *With effect from 1st November 2015, interest rate of 6% p.a. will be applicable on Savings Account balances. Rates are subject to change at the sole discretion of YES BANK. Conditions apply. For more details, please visit nearest YESBANK branch or www.yesbank.in

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