Product Details
Bank Name
Yes Bank
Account Name
Yes Family
Account Type
Saving
Interest Rate
Upto 1 lakh -4.00% and above 1 lakh but less than 10 lakh -5.00%
Free Debit Card
Yes, Explore Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 50,000.
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Yes Family
Special Features
Smart health benefits worth INR 11,300 for four members in the family for six months from vHealth by Aetna.
Cashback up to INR 3,000 p.a. with the Explore debit card on savings account.
Special voucher worth INR 1000 across fuel, Swiggy, Zomato & Domino’s Pizza.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Demat account with 50% lifetime waiver on annual maintenance charges.
Free brokerage on trades of up to INR 7.5 lakhs with YES Securities account.
Waiver of transaction charges on NEFT, RTGS, IMPS, UPI & unlimited free domestic ATM transactions
Range of Fixed & Recurring Deposits with best-in-class interest rates. Higher rates offered to senior citizens.
Enhanced cash deposit limit for business transactions
Android POS terminal with value-added services for business transactions
Cons
Low interest rate.
High Average Monthly Balance (AMB) requirements.
Yes Family Account Review
The account offers low interest rate for balance up to INR 10 Lakh. The account comes loaded with a number of value add benefits such as health benefits worth INR 11,300, food vouchers, cashback on debit card, etc.

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?
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