YES Bank Savings Account

Last Updated : Feb. 25, 2025, 3:12 p.m.

YES Bank is one of the most techno-savvy banks in the country. The digital interface makes it easy for the customers to access their records and hence it is a popular choice amongst customers. YES Bank, offers a wide array of savings accounts tailored to the needs of every individual. In this article, we will delve deeper into the YES Bank Savings Account and their features and benefits.

YES Bank Savings Account Interest Rates 2025

Here is the table for the Savings Account Interest Rates :

Types of YES Bank Savings Account

Below are the types of savings accounts and their features in detail.

1) Customizable Savings Account

In this savings account, you as a customer can pick the services you want to enjoy and benefit from.

• Competitive Interest rates.
• Special offers for opening a demat account.
• There is no minimum balance requirement .
• No charges or balance requirements for FDs, or RDs.
• Standing instructions for mutual fund investments are free of charge.
• Unlimited ATM use.
• Digital Banking, Family Advantage, and Branch privileges are available.

2) Digital Savings Account

Opening a digital savings account is time-saving and without any physical applications. It provides an array of benefits and advantages.

• The account is created instantly.
• The virtual debit card provided can be used effortlessly for online shopping.
• Account access is simple with YES Online, YES Mobile, YES Robot, and Whatsapp banking.
• Online fund transfers like IMPS , NEFT , RTGS , and UPI are available 24/7.
• Demat accounts and lockers have special deals and offers.

3) Grace Savings Account

The Grace savings account is tailormade for women.

• With explore debit card, more than value of Rs, 32,000 is available for lifestyle advantages
• Free locker use for one year
• Demat Account maintenance for one year is free
• One complimentary nil average monthly balance savings account for the family
• YES Online, YES Mobile and UPI are free of charge
• YES Robot is a personal banking assistant is available 24/7

4) Respect Savings Account

• This is a senior citizen's savings account.
• Rs. 5,000 is the average monthly balance.
• A debit card (element) is free for a lifetime.
• Liquidity benefits.
• Discounted lockers.
• ATM cash withdrawals and branch withdrawals are free
• YES Online, YES Mobile, and UPI transactions are free.
• YES Robot is a personal banking assistant available 24/7.

5) XLRate Savings Account

This savings account provides higher interest rates comparable to fixed deposits.

• Easy of liquidity.
• Fixed deposit renewals are done automatically.
• One complimentary nil average monthly balance savings account for the family.
• ATM cash withdrawals and branch withdrawals are free.
• YES Online, YES Mobile, and UPI transactions are free.
• YES Robot is a personal banking assistant available 24/7
• Email alerts are free.

6) Value Savings Account

• The Savings value account is a value-for-money strategy that provides an array of banking advantages.
• The minimum balance requirement bonus is only offered at a limited number of YES bank branches.
• Competitive interest rates.
• Earn loyalty points on transactions.

7) My First YES Savings Account

My First YES is one of the best savings accounts for children . It provides children with financial literacy and an insight into money management.

• Parents can begin saving for their child's future.
• The debit card has limitations yet provides kids with access to money.
• The average monthly balance is Rs. 2,500.
• If a fixed deposit is opted for, the average balance requirement is not valid.

YES Bank Savings Account Benefits

Below are some of the benefits of YES Bank savings account:

• Guaranteed safety for cash storage in bank account.
• The bank offers many tech-friendly and innovative banking solutions.
• Every need has a different savings account.
• Net Banking, Mobile Banking and SMS Banking facilities.
• Bill Payment for utilities via Netbanking is free of charge.
• ATMs all over India with unlimited access.
• Free Debit cum ATM card.
• The competitive interest rate for faster savings growth.

Documents Required for YES Bank Savings Account

Applicants are expected to submit the documents below for opening an account at YES Bank. Carry copies of each document and self-attest the same. The bank officials may require you to present the original documents too.

• Identity verification (PAN Card, Voters ID, driving license, passport, Aadhaar card , and NREGA card).
• Form 60 if you do not have a PAN Cards.
• Address verification (Passport, PAN Card, Aadhar card, Voters ID, driving license, and NREGA card).
• Recent pictures.

What is the Minimum Balance for a YES Bank Savings Account?

Below is the minimum balance requirement for opening a YES Bank savings account:

YES Bank Savings Account Charges & Fee

Below are some of the charges and fees associated with YES Bank savings account:

How to open a Savings Account in YES Bank?

To open a savings account in YES Bank, you can either opt for an online or offline procedure.

Online

If you choose to open the account online, fill in the application form and keep all the required KYC documents ready. The bank officials will visit for documentation and other formalities. This reduces your burden of going to the bank.

Offline

Carry all the KYC documents needed to open a savings account. The bank officials might check and require you to produce the original documents too. The application form has to be filled in the bank. Photographs are mandatory to open a savings account.