Yes Bank Limited is India’s fourth largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004. It primarily operates as a corporate bank, with retail banking and asset management functions. Yes bank limited derives most of its revenues through arranging syndicated loans and through corporate banking. It operates as three entities – Yes Bank, Yes Capital and Yes asset management services. As latest Information collected by our Team, Bank had 1,150 branches and 1800 ATMs in India. It had a balance sheet size of Rs 250,000 crore and Gross NPA of 1.72%, making it the fourth largest private sector bank in India.
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Yes Bank Saving Account Revision of Interest Rates on Bank Deposits
|Particulars||Rate of Interest|
|Yes Bank Saving Account 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|
Yes Bank is listed on the Bombay Stock Exchange, National Stock Exchange of India as well as London stock exchange. Bank was listed in the stock exchanges of India post its IPO in May 2005 at an issue price of Rs.45.
Yes Bank Features & Benefits of Savings Account
- Enjoy free NEFT or 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 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 Saving Account also provides doorstep banking services.
Types of Yes Bank Saving Account
Personal Saving Account
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.
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.
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 Saving Account.
Get high returns of 6% p.a. with the benefits of a silver debit card with unlimited access, sweep-in facility, and more.
Salary Saving Account
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 Saving Account 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 Saving Account offers the Domestic Silver debit card with this account.
Custom Saving Account
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
|Details||Savings Exclusive||Savings Advantage||Savings Value||Savings Select|
|Average Quarterly Balance. (AQB)||Rs.1 lakh.||Rs.10,000||Rs.5,000||Rs.25,000|
|FD requirement for Nil. (AQB)||Rs.5 lakhs.||Rs.50,000||Rs.50,000||Rs.2.5 lakhs.|
|RTGS Payment. (Branch and Netbanking)||Free||Free||Free||Free|
|NEFT Payment. (Branch and Netbanking)||Free||Free||Free||Free|
|Foreign Outward Remittance.||Rs.500 inclusive of SWIFT charges.||Rs.200 plus SWIFT charges.||Rs.200 plus SWIFT charges.||Rs.200 plus SWIFT charges.|
|Demand Draft payable at Yes Bank branch.||20 free per month. Rs.50 per instrument, thereafter.||10 free per month and Rs.50 per instrument thereafter.||4 free per month and Rs.50 per instrument thereafter.||10 free per month and Rs.50 per instrument thereafter.|
|Annual fee for debit cum ATM card.||Rs.249||Zero||Rs.149||Rs.149|
|PIN regeneration.||Rs.50 per instance.||Rs.50 per instance.||Rs.50 per instance.||Rs.50 per instance.|
Yes Bank Salary Account Charges
|Details||Salary Platinum||Salary Exclusive||Salary Advantage|
|Average Quarterly Balance. (AQB)||Nil||Nil||Nil|
|FD requirement for Nil. (AQB)||Nil||Nil||Nil|
|RTGS Payment. (Branch and Netbanking)||Free||Free||Free|
|NEFT Payment. (Branch and Netbanking)||Free||Free||Rs.5 to Rs.25 for branch. Free for netbanking.|
|Foreign Outward Remittance.||Rs.500 inclusive of SWIFT charges.||Rs.500 plus SWIFT charges.||Rs.700 (Rs.500 SWIFT charges plus Rs.200 commission)|
|Demand Draft payable at Yes Bank branch.||Free||Free||Free|
|Annual fee for debit cum ATM card.||Free||Free||Free|
|PIN regeneration.||Rs.50 per instance.||Rs.50 per instance.||Rs.50 per instance.|
Yes Bank Pay
Yes Pay is a digital wallet launched by Yes Pay to facilitate smart phone and social media users to transact seamlessly for payments and receipts.
All Yes Pay 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 Bank 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 Bank 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 Pay 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.
Other Products from Yes Bank
- Yes Bank Credit Card
- Yes Bank Personal Loan
- Yes Bank Car Loan
- Yes Bank Car Loan Interest Rates
- Yes Bank Car Loan Eligibility Calculator
- Yes Bank Recurring Deposit Rates
- Yes Bank Fixed Deposit Rates
- Yes Bank Personal Loan Interest Rates
- Yes Bank Personal Loan Eligibility
- Yes Bank IFSC Code