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YES BANK Savings Account

YES BANK offers different savings accounts at attractive interest rates. The savings accounts come with various features and benefits. You have the option to open a savings account online as well.

Revision of Interest Rates on Yes Bank Savings Bank Deposits

Particulars Rate of Interest
Up to Rs.1 lakh 5.00% p.a.
More than Rs.1 lakh but less than Rs.1 crore 6.00% p.a.
More than Rs.1 crore 6.25% p.a.

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

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

The seven different types of savings accounts that are offered by YES BANK and some of its features are mentioned below:

Digital Savings Account
  • The process to open the account is easy and paperless. Attractive Interest rates are provided on the balance available in the account.
  • Free UPI, RTGS, and NEFT transfers via mobile banking and net banking.
  • E-statement is free.
Customizable Savings Account
  • Attractive interest rates are provided on the balance available in the account. You have the option to choose between Account Benefit Packages and Debit Cards.
  • Pricing Option.
  • Various introductory offers are provided.
Savings Value
  • Unlimited access is provided across all ATMs in India. Attractive interest rates are provided on the balance available in the account.
  • Tax-free income of up to Rs.10,000.
  • You can earn more due to attractive interest rates.
YES RESPECT Savings Account
  • High interest rates are provided. Discounts and offers are provided at various healthcare brands.
  • AMB has been reduced to Rs.5,000.
  • RuPay Domestic Debit Card (lifetime free) is provided.
YES GRACE Savings Account
  • A distinctive savings account provided to women. Free RTGS/NEFT transfers are provided via mobile banking and net banking. Banking is free across all YES Bank branches.
  • Safe deposit locker is provided for the first year (free of cost).
  • AMC may be waived for the first year in the case of a Yes Bank Demat Account.
  • Free Alerts/Email/SMS facility.
XLRATE Savings Account
  • A savings account that is combined with a Fixed Deposit (FD) account. Attractive interest rates are provided on the balance available in the account.
  • A single complimentary NIL AMB account is provided for the entire family.
  • Auto-renewal of the FD.
  • Average monthly balance is Rs.2,500. Attractive interest rates are provided. Unlimited access is provided across all ATMs in India.
  • AMB is Rs.2,500.
  • In case you open an FD, the AMB may be waived.


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.

How to use YES PAY

Download the mobile app and register for the wallet. Through Facebook, one can easily access their YES PAY wallet without registration. Enter your mobile number and then the OTP. Set a 6-digit PIN as your login. You need to enter your personal details and set secret questions. Your wallet will be created.

To use the YES PAY wallet you simply need to load money through your YES BANK account or any other bank account using Internet banking or a debit card, or through IMPS. Once the money is in your wallet, you can transfer funds and pay for a variety of purchases and bills by selecting the “YES PAY” option while checking out.


  1. Where can I find my account statement?

    Your account statement will be mailed to you at the address provided by you in the account opening form. If you have provided your email ID, you will receive an e-statement every month. Your account statement is also available in your online banking account.

  2. What is the Grievance Redressal system?

    If you have a complaint or query, you can send an email to YES BANK at yestouch@yesbank.in.

    You can also call their “YES TOUCH” Phone Banking Number.

  3. Is it possible to upgrade my savings account to a better variant?
  4. Yes, you can change your savings account to another variant of your choice. You need to contact the nearest YES BANK branch, or the branch where you hold your savings account, to make the change or upgrade.

  5. If no salary is credited to my YES BANK salary account, will I be charged?

    If there is no salary credited to your YES BANK salary account for three consecutive months, the account will be converted to a regular savings account. You will be required to maintain the minimum average monthly balance or you will be charged accordingly for failing to comply. A notice will be sent to you if there has been no salary credited to your account for three consecutive months.

  6. My salary account was converted to a savings account. I cannot maintain the minimum balance required for a savings account, what should I do?

    Contact the bank immediately and communicate your situation. You might be given an option to maintain a zero balance savings account with the same features or with alterations. You can also close your bank account with YES BANK to avoid further charges.

  7. Can I transfer my YES BANK salary account to my new organisation and continue to receive salary in the account?

    If the new employer or organisation has an existing salary relationship with YES BANK, then you can transfer your old salary account to the new company and continue to receive your salary in the same account. To do so, you need to submit a letter or email received from the official company email ID to the nearest branch. The letter must bear your complete name, bank account number and must state that you have been employed in the company.

  8. I am a YES BANK customer. Will I automatically be registered for YES PAY?

    No. You need to register for YES PAY separately. While registering, you can use your Customer ID issued by YES BANK.

  9. Are there any limits on the wallet usage?

    Yes, as stipulated by the RBI, the maximum amount you can load in a month is Rs.20,000. This rule was applicable till 31st December 2016. The new permissible limits will be put into force as per the new RBI guidelines.

  10. If I lost my smartphone, can I lock my YES PAY wallet?

    Yes, there is an option to lock the YES PAY wallet. You can click on “Lock Wallet” when you are on the app. You can also call the YES BANK toll free number (1800-2000) to lock your wallet. No transaction can be carried out once it is locked. To unlock your wallet, you can use the OTP.

  11. Can I use the YES PAY wallet at merchant outlets?

    YES PAY Is accepted at over 40,000 merchants. If the merchant accepts this payment, you will be able to use your YES PAY wallet to pay for the transaction.

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

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

YES BANK Savings Account Reviews

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  • YES Bank
    0.5 4.0/5 "Great!"
    I think its nice to apply, it has been very fast and easy let's see what happens next if its open means I'll be very much happy person, pleas let me no soon that I can be a customer of this bank I had pan card permanent account number and I didn't have addar card though.
    Was this review helpful? 207
    , hyderabad
    Reviewed on Mar 20, 2019
  • YES Bank
    YES Bank
    0.5 4.0/5 "Great!"
    I think its nice to apply, it has been very fast and easy let's see what happens next if its open means I'll be very much happy person, pleas let me no soon that I can be a customer of this bank I had pan card permanent account number and I didn't have addar card though.
    Was this review helpful? 156
    , bangalore
    Reviewed on Oct 03, 2018
  • YES Bank
    0.5 5.0/5 "Blown Away!"
    I've been using the YES BANK Edge credit card for a while. The Value of the points are really good. I've already accumulated more than 15000 reward points. I am really impressed with the card and their services. I never had any issues with them.
    Was this review helpful? 125
    , hyderabad
    Reviewed on Sep 19, 2018
  • YES Bank
    "What to write? You can write a review about any Loan produc"
    0.5 5.0/5 "Blown Away!"
    awesome great job i like your services i feel happy u provided help to need a urgent way tnq so much tnq bankbazar first time i am online visitor i cant explain how much i m happy bankbazar i would like too u say thnku bankbazaar your service is too much fast rapid
    Was this review helpful? 95
    , bangalore
    Reviewed on Mar 11, 2018
  • YES Bank
    "Average Experience"
    0.5 4.0/5 "Great!"
    At present, I dont have an interest to take YES Bank debit card, Because I am an existing customer of HDFC and SBI bank, So I thought not to process with new bank. YES bank service was good and prompt. I hope YES Bank saving account processing fee would be Rs.15,000 to Rs.20,000.
    Was this review helpful? 20
    , warangal
    Reviewed on Dec 16, 2016
  • YES Bank
    "Not good "
    0.5 1.0/5 "Really Bad"
    I provided the cheque of the previous bank account to get the debit card of induslind bank but without my permission they deposited the cheque in the account by which i got the cheque bonus so, i closed the account. But when i applied for the debit card within 48 hours the process was completed.
    Was this review helpful? 48
    , ghaziabad
    Reviewed on Jan 15, 2016
  • YES Bank
    0.5 4.5/5 "Excellent!"
    The services are good with the Yes bank. The executives from the Yes bank helped me a lot to open the savings account. The minimum balance to be maintained is around 10000 Rupees for every quarter of the year. The customer service is good with them and they used to provide the service by 24*7.
    Was this review helpful? 37
    , bangalore
    Reviewed on Jan 13, 2016
  • YES Bank
    "Extraordinary bank"
    0.5 5.0/5 "Blown Away!"
    Yes Bank is a very good bank.The bank have provided good offers for the account maintenance.They have provided good interest on the saving.They are free ATM available all over india which is best.The interest rate applied for the saving is around 6% PA
    Was this review helpful? 20
    , chandigarh
    Reviewed on Jan 13, 2016
  • YES Bank
    "Costly "
    0.5 3.5/5 "Pretty good"
    The overall service provided was good with Yes bank.The process was good in account maintenance.The response provided was very good with Yes Bank.The charges applied for the debit card was very costly its around 250Rs.They are taking around 15days time for the overall application.They are requiring a minimum balance 10000Rs in the account.
    Was this review helpful? 22
    , gurgaon
    Reviewed on Jan 13, 2016
  • YES Bank
    " Not fast "
    0.5 3.0/5 "Satisfactory"
    From the day when i activated the account in yes bank the online banking was not activated . I contacted the customer support they told to wait for many days but there was no use even i visited the branch directly and the executive came to home also. The problem was not solved so i closed the account It would be good if they response to the customer queries.
    Was this review helpful? 17
    , hyderabad
    Reviewed on Jan 13, 2016
  • YES Bank
    "No service "
    0.5 2.0/5 "Expected more"
    When I asked the executives to meet me they are not able to come.They come in their own time and I feel its a type of harassment for getting a debit card service.I have told them repeatedly that I will be available on Saturday and Sunday.I have not got any debit card information for the account opening with Yes bank
    Was this review helpful? 24
    , hyderabad
    Reviewed on Jan 13, 2016
  • YES Bank
    "Good benefits!"
    0.5 4.0/5 "Great!"
    There were two reasons for me to take the debit card with Yes bank. First one is the interest percentage offered on the savings account is higher than other banks in the market. The next thing is unlimited free withdrawals can be done at any ATM networks using this silver debit card.
    Was this review helpful? 34
    , new delhi
    Reviewed on Jan 13, 2016
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