YES Bank Savings Account

YES Bank Savings Account offers a range of accounts tailored to meet diverse financial needs, including Digital, Value, Pro Plus, and Senior Citizen accounts. These accounts offer interest rates up to 5.50% per annum, zero-balance options, and benefits such as virtual debit cards and YES Rewardz loyalty points.

Opening a savings account with YES Bank is a simple process with easy-to-follow steps. With YES Bank Mobile and Internet banking services, you can manage your money conveniently anytime, anywhere.

There are various types of YES Bank Savings Accounts. So, before you apply, check its eligibility, application procedure, and interest rates below.

YES Bank Savings Account Opening Online

Here are the various methods for YES Bank Savings Account opening:

1. Visit the official page of the YES Bank Savings Account.
2. Enter your mobile number and email ID.
3. Enter your Aadhar Card and PAN details.
4. Agree to the Terms and Conditions, and YES Bank authorization.
5. Click on ‘Let’s get started.’
6. Submit the necessary documents.
7. Complete video KYC.

To open a YES Bank Savings Account offline, follow these steps:

1. Visit your nearest branch of YES Bank.
2. Request a Savings Account application form or download it from the official website and bring it along.
3. Complete the form with the necessary details.
4. Provide the required documents.

Types of YES Bank Savings Account

There is a range of YES Bank Savings Accounts available to fit your needs. These also include a YES Bank zero balance account, wherein you can open a savings account without a minimum balance.

Here are the various YES Bank Savings Accounts and their respective features:

1.YES PRO Max Savings Account:

Average Monthly Balance: ₹50,000.

2.YES PRO Plus Savings Account:

Average Monthly Balance: ₹25,000

3.YES Essence Savings Account:

Average Monthly Balance: ₹25,000.

4.YES Respect Savings Account:

Average Monthly Balance: ₹25,000.

5.MY First YES Savings Account:

Average Monthly Balance: ₹2500.

6. YES PRO Savings Account:

Average Monthly Balance: ₹10,000. 

7. YES PRO Savings Account:

Average Monthly Balance: ₹10,000.

8. YES Digital Savings Account:

Average Monthly Balance: Nil.

9. YES Digital Savings Account – Limited KYC:

Average Monthly Balance: ₹10,000.

The Pradhan Mantri Jan Dhan Yojana Account is a savings account offered under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. It is a YES Bank zero balance account that offers various financial services, government support, accident insurance cover, and so on.

Eligibility & Documents Required To Apply

The eligibility criteria for a YES Bank Savings Account, the applicant must be an Indian resident and aged 18 years and above.

Here are the documents required to open your savings account at YES Bank:

• Aadhar Card
• PAN Card

YES Bank Savings Account Interest Rates

The YES Bank Savings Account interest rates are affordable and vary based on your daily balance.

The interest rates given in the table below are applicable for domestic and NRI savings accounts:

Also Read: Yes bank FD interest rates

Benefits & Features of YES Bank Savings Account

The YES Bank Savings Account benefits are as follows:

• Smooth payments of bills and utilities.
• Easy banking across all YES Bank branches.
• Free Demand Draft up to pre-specified limits.
• Access to 24×7 banking assistant, YES ROBOT, for various banking processes.

Now, let’s look at the YES Bank Savings Account features:

• YES Rewardz Loyalty Programme, which provides reward points on shopping, movies, travel, and recharge.
• High interest rates to maximize your fund growth.
• Access to premium savings account features via online banking platforms for easy fund transfer, bill payments, statement download, and more.
• Free cash withdrawal across all YES Bank ATMs.
• SMS and email alerts for timely updates on accounts and transactions.
• Personalized accounts with enhanced features for kids, senior citizens, and women.