top of page
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

Yes Family
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

88.5
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
Open a minimum of two family accounts1 together with an Average Monthly Balance2 of INR 50,000 across savings accounts or a Fixed Deposit of INR 5 lakh and above at a family level.
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

Application Procedure
bottom of page