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Product Details
Bank Name

Yes Bank

Account Name

YES Digital Savings Account

Account Type

Savings 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

Virtual debit card

YES Digital Savings Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Average Monthly Balance (AMB) of Rs. 10,000.

Debit Card Charges

NIL

NEFT Charges

Free online

IMPS Charges

Free online

Fees and Charges

YES Digital Savings Account

0
Special Features
  • Contactless account opening, video KYC enabled.

  • 10% discount on Locker rental/Demat AMC for 1st year.

  • Nil brokerage on trading up to 5 Lakhs by YES Securities Ltd.

Eligibility Criteria
  • An Indian resident.

  • Over 18 years of age.

  • Have a valid PAN card.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Physical debit card

  • Cheque book

  • 24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.

Cons
  • High Average Monthly Balance (AMB) requirements.

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.

  • 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.

  • Documents required:
    Identity proof: PAN card, Aadhaar card, Voter ID, Driving License, Passport, etc.
    Address proof: Passport, Aadhaar card, Voter ID, Driving License, Utility bills, etc.Recent passport-size photographs

Application Procedure
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