Product Details
Bank Name
Yes Bank
Account Name
YES Essence Savings Account
Account Type
Saving
Interest Rate
Upto 1 lakh: 3.00%, above 1 lakh but less than 5 lakh: 4.00%, above 5 lakhs but less than 10 lakhs: 5%.
Free Debit Card
Yes, customise option is available
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 25000.
Debit Card Charges
Rs 399 ( Annual Fee)
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
YES Essence Savings Account
Special Features
2% cashback on select debit card.
YES Rewardz points on every transaction.
100% discount on Locker rental/Demat AMC for 1st year.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free SMS & Email alert facility
Opportunity to earn 9000 YES Rewards Loyalty points in first 90 days.
Free cash withdrawal facility across all YES Bank ATMs.
24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
Cons
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Online:
Visit the Yes Bank website: Go to the Yes Bank homepage and click on "Open an Account."
Select "Savings Account": Choose the "Savings Account" option from the available choices.
Choose YES Essence Savings Account: Select the specific YES Essence Savings Account that suits your needs.
Fill in the application form: Provide all the required details accurately in the online application form.
Submit the form: Once you have filled in all the necessary details, submit the application form.
Generate your account number: You will be able to generate your own account number, which will be used for future banking transactions.
2. Offline:
Visit a Yes Bank branch: Go to your nearest Yes Bank branch and request an account opening form.
Fill out the form: Fill in the application form with all the required details.
Submit the form: Submit the completed application form along with the necessary documents.