Product Details
Bank Name
Yes Bank
Account Name
YES Honour Exclusive 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
Engage Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
YES Honour Exclusive Salary Account
Special Features
Lifetime zero balance account.
Free and unlimited transactions at YES Bank and other bank ATMs in India.
Mobile transfers money to any bank account instantly through our IMPS, NEFT & UPI facilities.
Air accidental cover of INR 1 crore.
Education cover of INR 2 lakh.
Home and Vehicle modification cover of INR 50,000.
Personal accidental insurance of INR 20 lakh.
A lump sum amount of INR 1000 for 15 days paid for every consecutive 24-hour period of hospitalization due to an accident.
Explore Debit card with shopping and lifestyle benefits.
Users can invest in the National Pension System (NPS) and enjoy exclusive tax benefits.
Eligibility Criteria
This account can only be opened by government employees.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Lifetime zero balance account.
Free and unlimited transactions at YES Bank and other bank ATMs in India.
Mobile transfers money to any bank account instantly through our IMPS, NEFT & UPI facilities.
Air accidental cover of INR 1 crore.
Education cover of INR 2 lakh.
Home and Vehicle modification cover of INR 50,000.
Personal accidental insurance of INR 20 lakh.
A lump sum amount of INR 1000 for 15 days paid for every consecutive 24-hour period of hospitalization due to an accident.
Cons
Low interest rates.
YES Honour Exclusive Salary Account Review
The account low interest rate. The account is loaded with value add benefits such as free insurance, free unlimited ATM transactions at other bank ATMs. Overall individuals who can look beyond the interest rate can consider it.
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.