Product Details
Bank Name
Yes Bank
Account Name
YES Respect Savings Account
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, Lifetime free Element debit card
Account Opening Fees
0
Debit Card Charges
Lifetime free
Annual Maintenance Fees
0
NEFT Charges
Free online
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 25,000.
IMPS Charges
Free online
Fees and Charges of
YES Respect Savings Account
YES Respect Savings Account
Special Features
Priority connectivity through SKIP IVR option.
Lifetime free Element debit card.
0.75% additional interest on Fixed Deposits for 36 months and above tenure.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
YES Respect Savings Account
Pros & Cons of
Pros
24*7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
SMS & Email alert facility for day-end balance/transactions above a threshold/low balance.
Users can earn up to 9,000 YES Rewardz in the first 90 days of account opening.
Users can earn up to 16,000 YES Rewardz per year.
Cons
Few value-add features.
High Average Monthly Balance (AMB) requirements.
YES Respect Savings Account
Application Procedure
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Review of
YES Respect Savings Account
Account Opening and Procedure of
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