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
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
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