Yes Bank Saving Account

Last Updated 16th Jan 2019

Yes Bank Savings Account Interest Rate India Jan 2019

Yes Bank Savings Value Account
Interest Rate Upto Rs. 1 Lakh : 5.00%
Rs. 1 Lakh to Rs.1 Cr : 6.00%
Above Rs. 1 Cr : 6.25%
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Debit Card ATM cum Debit Card
  • Tax free interest income upto Rs. 10,000 on Savings accounts
  • Offers free set up of Standing instruction facility

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Yes Bank Online Saving Account

Yes bank was founded in the year 2004. With just over a decade since its inception, it has grown to be the fifth largest private sector bank. Booming in personal banking, business banking, and corporate banking, it has emerged as one of the most efficient banks in providing online and mobile banking facility. Yes bank offers myriad savings account options including a customized account with features and benefits as desired by the customer.

Saving Account in Yes Bank – Benefits

You get the following benefits while opening Savings Account with Yes Bank

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

Yes Bank Saving Account – charges


ATM Charges: Rs. 500

Yes Bank Savings Account

Yes Bank offers an interest rate of 5.00% - 6.25% p.a. Yes Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
Customizable Savings Account 18 years Nil
Savings Exclusive 18 years Rs. 5,000
Savings Advantage 18 years N.A
Smart Salary Platinum 18 years Nil
Smart Salary Advantage 18 years N.A
Savings Select 18 years N.A
Savings Value Account 18 years N.A
Smart Salary Exclusive 18 years Nil

Yes Bank Savings Account Products

Customizable Savings Account

Account that gives the customer the power to choose, instead of offering off the shelf products.

This account is for resident Indians of 18 years of age and above

Features of Customizable Savings Account

  • Protect the customer against unwarranted charges by eliminating unnecessary account features
  • Maximum tax exemption benefit with 34 percent lesser investment in terms of balances

Debit Card Offered : ATM cum Debit Card

Balance Non Maintenance Charges : None

Savings Exclusive

Customizable savings account will give you the higher interest rate of 6 percent p.a. and also the maximum tax exemption benefit with 34 percent lesser investment.

This account is for resident Indians of 18 years of age and above

Features of Savings Exclusive

  • Tax free interest income upto Rs. 10,000 on Savings accounts
  • Options of choosing between range of cards like platinum debit card, titanium debit card and Rupay domestic debit card
  • Exclusive benefits and Offers on YES Bank products like Demat Account and locker facility

Debit Card Offered : ATM cum Debit Card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : Rs. 500

Savings Advantage

A Smart Salary Advantage Account offers a wide range of benefits and services to meet all your banking needs.

This account is for resident Indians of 18 years of age and above

Features of Savings Advantage

  • Zero balance savings account
  • Tax free interest income upto Rs. 10,000 on Savings accounts
  • One view of your Savings Account, Fixed Deposits, and Mutual Funds with Net Banking
  • Personal Accident Insurance Cover of Rs. 2 Lacs
  • Purchase protection worth Rs. 25,000 for salaried customers

Debit Card Offered : Titanium Debit Card

Cash Withdrawal Limit : Rs. 50,000

Smart Salary Platinum

Enjoy exclusive range of privileges and benefits with YES BANK Smart Salary Platinum Account.

This account is for resident Indians of 18 years of age and above

Features of Smart Salary Platinum

  • Zero balance savings account
  • Tax free interest income upto Rs. 10,000 on Savings accounts
  • One view of your Savings Account, Fixed Deposits, and Mutual Funds with Net Banking
  • Free Personal Accident Death Cover of Rs. 15 Lacs and Air Accident Death Cover of Rs. 25 Lacs

Debit Card Offered : ATM cum Debit Card

Cash Withdrawal Limit : Rs. 1,00,000

Balance Non Maintenance Charges : None

Smart Salary Advantage

Enjoy the convenient banking by opening Savings Advantage account as per your convenience and requirements from home or office, by simply filling an online account. opening form

This account is for resident Indians of 18 years of age and above

Features of Smart Salary Advantage

  • Zero balance savings account
  • Tax free interest income upto Rs. 10,000 on Savings accounts
  • One view of your Savings Account, Fixed Deposits, and Mutual Funds with Net Banking
  • Personal Accident Insurance Cover of Rs. 2 Lacs

Debit Card Offered : Titanium Debit Card

Cash Withdrawal Limit : Rs. 50,000

Savings Select

The Savings Select Account is specially designed for the customers to instil the habit of savings among them.

This account is for resident Indians of 18 years of age and above

Features of Savings Select

  • Sweep in facility
  • Tax free interest income upto Rs. 10,000 on Savings accounts

Debit Card Offered : Prosperity Titanium Debit Card

Cash Withdrawal Limit : Rs. 50,000

Savings Value Account

This account is a complete banking package for your money offering a host of banking benefits with a minimal balance requirement.

This account is for resident Indians of 18 years of age and above

Features of Savings Value Account

  • Tax free interest income upto Rs. 10,000 on Savings accounts
  • Offers free set up of Standing instruction facility

Debit Card Offered : ATM cum Debit Card

Smart Salary Exclusive

Smart Salary Exclusive Account offers you the wide range of benefits and privileges with exciting features, no minimum balance requirement is necessary for opening this account.

This account is for resident Indians of 18 years of age and above

Features of Smart Salary Exclusive

  • Zero balance savings account
  • Tax free interest income upto Rs. 10,000 on savings accounts
  • One view of your Savings Account, Fixed Deposits, and Mutual Funds with Net Banking
  • Personal Accident Insurance Cover of Rs. 5 Lacs
  • Purchase protection worth Rs. 25,000 for salaried customers

Debit Card Offered : Titanium Plus Debit Card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : None

Documents Required

Yes Bank requires the following documents to open a Savings Account

  • Signed application form
  • Income Tax PAN Copy
  • Identity Proof: Driving License, PAN, Passport VoterID
  • Address Proof: Utility Bill, Property Tax Bill. Any other ID and address proof issued through a competent authority are also valid

Frequently Asked Questions on Yes Bank Savings Account

How much interest is charged by Yes Bank on Savings Account?

Yes Bank offers an interest rate of 5.00% to 6.25% on Savings Account.

What are the Yes Bank ATM Transaction charges on Savings Account?

Yes Bank ATM Transaction charges on Savings Account are Rs. 500.

How does Yes Bank calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Yes Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does Yes Bank offer Debit card to the account holder?

Yes, various debit cards are offered, differing according to the product. Some of the popular savings account products of Yes Bank with the type of debit card offered are listed in the table below.

Customizable Savings AccountATM cum Debit Card
Savings ExclusiveATM cum Debit Card
Savings AdvantageTitanium Debit Card
Smart Salary PlatinumATM cum Debit Card
Smart Salary AdvantageTitanium Debit Card
Savings SelectProsperity Titanium Debit Card
Savings Value Account ATM cum Debit Card
Smart Salary ExclusiveTitanium Plus Debit Card

Interest rate on all SBI deposits products listed in the table above is 5.00% to 6.25%

What is the eligibility criteria to open a savings account in Yes Bank
  • This account is for resident Indians of 18 years of age and above
Yes Bank News - Jan 2019
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