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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.

Yes Bank Smart Salary Exclusive
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

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.

NEFT Charges

Free online

IMPS Charges

Free online

Fees and Charges

Yes Bank Smart Salary Exclusive

0
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
Pros & Cons
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

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

Product Review
Account Opening and Procedure
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.

Application Procedure
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