Yes BANK Savings Account Interest Rates, Types of Account

YES BANK Savings Account Interest Rates

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YES Bank is an Indian Bank which is engaged in providing a range of banking and financial services. YES Bank was founded by Rana Kapoor and Ashok Kapoor in 2004.

YES Bank Savings Account Interest Rates

Today in this article we are going to discuss in details about YES Bank Savings Account Interest Rates, and the types of savings account. YES bank offers a wide variety of savings account with various benefits and features and with an attractive and highest interest rates.

Also Read: UCO Bank Savings Account Interest Rates

Features and Benefits of YES BANK Savings Account

• YES BANK provides various banking facilities
• You will get a debit card with exciting offers
• You can get access to Mobile banking, Net banking, SMS alerts
• YES BANK also provides doorstep banking services
• One can pay their utility bills using their YES BANK savings account
• You can avail for free NEFT/RTGS payment facility via net banking

Types of YES BANK Savings Account

1. YES Digital Savings Account

YES Digital savings account is for any individuals. This account can be opened digitally without any hassles. The process to open this account is very easy and paperless. You don’t need to visit your bank branch to open this account and can be opened digitally from the comfort of your home. Free net banking, mobile banking facilities are available in this account.

2. YES Women Savings Account

This savings account is exclusively designed for the needs of women. This account gives an opportunity to women to invest and save simultaneously. This account offers various offers and benefits to women. Free SMS and e-mail alert facility is available in this account. YES Bank also provides facility to transfer funds and make bill payments 24 x 7 through NEFT, RTGS, and UPI.

3. Regular Savings Account

Regular savings account is a basic account which comes with various exclusive benefits. Regular savings account is for everyone who wants to open their savings account in YES Bank. In Regular Savings Account one needs to be maintained monthly balance of Rs 10,000. It offers various loan services such as home loan, gold loan, two-wheeler loan etc.

4. YES Respect Prosperity and Senior Citizen Savings Account

YES Respect Prosperity Savings Account is mainly designed for the senior citizens. YES Bank cares for the senior citizens personal needs and priorities and thus have offered this account to cater their needs and proprieties. In this account higher interest rates are provided along with various discounts and offers at various healthcare brands. The account also offers free email and SMS alert facilities.

5. My First YES Savings Account

My Fist YES Savings Account is designed for the needs of children. This account helps the children know the importance of savings. In this account the average balance needs to be maintained is Rs 2,500. Mobile banking and net banking facilities are available.

YES Bank Savings Account Interest Rates

How to Open YES Bank Savings Account

Opening a savings bank account at YES Bank is very simple. One can open a savings account through bot online and offline mode. Mentioned below are the procedure to open savings account through both online and offline method

To open YES Bank savings account through online you have to follow the following procedures

• Visit the official website of YES Bank
• Under Accounts select the Savings Account option
• Now click on the type of Savings Account you want to open
• Click on Open Savings Account
• Now provide all your personal details and required documents
• After verifying your documents your account will be open upon successful verification

The procedure to open your savings account through offline mode

• Visit the nearest branch
• Fill up the savings account application form
• Provide all your basic details like mobile number, email id, PAN card etc.
• Now choose the type of savings account you want to open
• Submit all your documents with the deposit cash slip
• The bank will verify all the details provided by you and after verification your account will be opened

Eligibility Criteria

Below mentioned are the eligibility criteria for opening a savings account at YES Bank.

• Indian citizens who are above the age of 18
• For Minor citizens the age group between 1 to 18 years of age

Documents Required

• Address proof
• ID proof with signature
• Passport sized photographs
• Provide self-attested copies for all the documents
• At the time of verification, the applicant needs to present the original documents

FAQs

1. Who is the founder of YES Bank?

Ans: YES Bank was founded by Rana Kapoor and Ashok Kapoor in 2004.

2. Is there any minimum amount needed to open a YES Bank fixed deposit account?

Ans: Yes, you need to deposit a minimum amount of Rs 10,000 for YES Bank FD account.

3. Who is eligible to open My First Yes Savings Account?

Ans: Minor citizens up to the age of 18 can open this savings account.

4. What are the documents required to open a savings bank account?

Ans: To open a savings bank account one must need to submit the following documents –

• ID proof (Voter ID, PAN Card, Aadhar Card etc)
• Address proof
• Passport sized photographs
• Bank account statement
• In case of account opened in the name of minors and pensioners, proof of age documents such as birth certificate have to be submitted

Dev Kirtonia

Hi, I’m Dev Kirtonia, Founder & CEO of Dev Library. A website that provides all SCERT, NCERT 3 to 12, and BA, B.com, B.Sc, and Computer Science with Post Graduate Notes & Suggestions, Novel, eBooks, Biography, Quotes, Study Materials, and more.