Product Details
Bank Name
Yes Bank
Account Name
Yes Bank Women’s Salary Account
Account Type
Salary Account
Interest Rate
Upto 10 lakh: 3.00%, above 10 lakh but less than 25 lakh: 3.50%, above 25 lakhs but less than 50 lakhs: 4%. Above 50 Lakhs: 5%
Free Debit Card
ELEGANCE International Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Not specified on the website.
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Yes Bank Women’s Salary Account
Special Features
Users can earn 5 times YES Rewardz on all domestic retail spends using Elegance debit card.
2% cashback up to INR 500 per month on select categories (Grocery, Apparel, Spa, Telecom Bill payments, Domestic Airlines).
Higher daily cash withdrawal and POS limit.
Complimentary personal accident, air accident, lost card liability protection & purchase protection cover.
Free SMS & Email alert facility.
Users can earn YES REWARDZ points on every transactions.
Free cash withdrawal facility across all YES Bank ATMs.
24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
100% waiver on Demat annual maintenance charges for 1 st year.
Zero brokerage on trades up to INR 25 lakh in the first 60 days of YES Securities account opening.
100% waiver on locker rental for 1st year & 25% thereafter.
Users can avail preferential pricing on loan products like Two-wheeler loan, Vehicle Loan, Gold Loan and Home Loan.
Eligibility Criteria
Exclusive salary account for women employees.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Users can earn 5 times YES Rewardz on all domestic retail spends using Elegance debit card.
2% cashback up to INR 500 per month on select categories (Grocery, Apparel, Spa, Telecom Bill payments, Domestic Airlines).
Higher daily cash withdrawal and POS limit.
Complimentary personal accident, air accident, lost card liability protection & purchase protection cover.
Free SMS & Email alert facility.
Users can earn YES REWARDZ points on every transactions.
Free cash withdrawal facility across all YES Bank ATMs.
24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
100% waiver on Demat annual maintenance charges for 1 st year.
Zero brokerage on trades up to INR 25 lakh in the first 60 days of YES Securities account opening.
100% waiver on locker rental for 1st year & 25% thereafter.
Cons
Low interest rates.
Yes Bank Women’s Salary Account
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of 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.