Product Details
Bank Name
Yes Bank
Account Name
Yes Bank Smart Salary Exclusive
Account Type
Salary Account
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
Engage Debit Card, Free subject to salary credit of Rs.10,000 or above in any of the succeeding three months of account opening month.
Account Opening Fees
0
Debit Card Charges
Rs. 399, if a salary credit of Rs.10,000 or above in any of the succeeding three months of account opening month does not happen.
Annual Maintenance Fees
0
NEFT Charges
Free online
Minimum Account Balance
0
IMPS Charges
Free online
Fees and Charges of
Yes Bank Smart Salary Exclusive
Yes Bank Smart Salary Exclusive
Special Features
Users can open free demat account with 50% AMC waiver for the first year.
Complimentary debit card loaded with offers on BookMyShow, Shopping & Lifestyle.
Users can earn up to 8000 YES Rewardz in the first 90 days of account opening.
Eligibility Criteria
Monthly net salary credit of Rs. 20,000 and above.
Benefits
Features, Eligibility and Benefits of
Yes Bank Smart Salary Exclusive
Pros & Cons of
Pros
24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
Free SMS & Email alert facility.
Users can open free demat account with 50% AMC waiver for the first year.
Complimentary debit card loaded with offers on BookMyShow, Shopping & Lifestyle.
Cons
Limited benefits.
Low interest rates.
Yes Bank Smart Salary Exclusive
Yes Bank Smart Salary Exclusive
The account comes with low interest rate and offers average value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
Yes Bank Smart Salary Exclusive
Account Opening and Procedure of
How to open an Account?
Visit a Yes Bank Branch: Go to your nearest Yes Bank branch with the required documents.
Submit Application Form: Fill out the account opening form and submit it to the bank representative.
Provide Necessary Documents: You'll need to provide documents like your PAN card, address proof, and proof of employment.
Complete KYC: The bank will conduct Know Your Customer (KYC) verification.
Account Activation: Once the verification is complete, your account will be activated.