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
Account Opening Fees
0
Debit Card Charges
NIL
Annual Maintenance Fees
0
NEFT Charges
Free online
Minimum Account Balance
0
IMPS Charges
Free online
Fees and Charges of
Yes Vijay Defence Pension Account
Yes Vijay Defence Pension Account
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 of
Yes Vijay Defence Pension Account
Pros & Cons of
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.
Yes Vijay Defence Pension Account
Yes Vijay Defence Pension Account
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of value add features.
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
Review of
Yes Vijay Defence Pension Account
Account Opening and Procedure of
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.