Product Details
Bank Name
Yes Bank
Account Name
YES PRO Plus Savings Account
Account Type
Saving 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%. Above Rs. 10 Lakh: 7%.
Free Debit Card
Yes, ENGAGE Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 25,000.
Debit Card Charges
Free for the first year.
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
YES PRO Plus Savings Account
Special Features
Lifestyle benefits on debit card.
Users can earn up to 16,000 YES Rewardz in first year.
30% discount on Locker rental/Demat AMC for 1st year
Eligibility Criteria
To be eligible for the YES PRO Plus Savings Account, you must be:
An Indian resident.
Over 18 years of age.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Lifestyle benefits on debit card.
Users can earn up to 16,000 YES Rewardz in first year.
30% discount on Locker rental/Demat AMC for 1st year.
24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
Free SMS & Email alert facility
Cons
High Average Monthly Balance (AMB) requirements.
YES PRO Plus Savings Account
The account offers a decent interest rate for accounts maintaining balance above INR 10 Lakh. The account also offers a number of value add features. Overall it is a good account for individuals who maintain a balance above INR 10 Lakh.
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