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Product Details
Bank Name

Yes Bank

Account Name

Yes Vijay Defence Pension Account

Account Type

Salary 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%.

Free Debit Card

Engage Debit Card

Yes Vijay Defence Pension Account
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 Vijay Defence Pension Account

0
Special Features
  • Complimentary feature-rich Engage debit card that offers exclusive lifestyle benefits.

  • Unlimited free transactions at all other Bank ATMs (Domestic).

  • Users can avail exclusive discount on Locker rental & Demat annual maintenance charges.

Eligibility Criteria

This account can only be opened by the members of Defence Forces.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Personal accident insurance cover of 40 lakh.

  • Air accident cover of 1 crore.

  • Accelerated YES Rewardz in first 90 days.

  • YES FIRST: An exclusive wealth management program for senior officers.

Cons
  • The bank did not clearly specify eligibility criteria.

  • Low interest rates.

Application Procedure

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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.

Application Procedure
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