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Online Yes Bank Savings Account Opening

Open Yes Bank Saving Account

Last Updated 01st May 2021

Interest Rate 4.00% - 5.50%
Minimum Balance Requirement Customized Account: Rs. 10,000, Yes First: Nil, Yes Primia: Rs. 2 Lakh
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card Yes Prosperity Element Card, YES Prosperity RuPay Domestic Card, Yes Prosperity Engage Debit Card & Yes Prosperity Explore Debit Card
Apply for Savings Account

Yes Bank Savings Account Opening

Yes Bank Savings accounts in Yes Bank can be opened online or offline. To open Yes Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening Yes Bank Savings Account Online

To open the savings account online in Yes Bank, you have to follow these steps:

  • Step 1: First, visit the official website of Yes Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: Yes Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, Yes Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open Yes Bank Savings Account at Branch

To open a savings account with Yes Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in Yes Bank

You have to fulfil the following eligibility criteria to open a savings account in Yes Bank:

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

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How can I open a savings account in Yes Bank?

You can open a savings account in Yes Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in Yes Bank?

Yes, you can open a savings account online, by applying for it through the Yes Bank’s official website.

What is the minimum balance in Yes Bank?

The minimum balance required to open a savings account in Yes Bank is Customized Account: Rs. 10,000, Yes First: Nil, Yes Primia: Rs. 2 Lakh.

Yes Bank News - May 2021
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
  • 2020-07-28 : Yes Bank reported a net profit of 45. 44 crore for June quarter
    YES Bank posted a 60.05% year-on-year fall in net profit at Rs 45.44 crore for the quarter ended June 30. The Bank had posted a net profit of Rs 113.76 crore in the corresponding quarter last year. Deposits at Rs 1,17,360 crore grew 11.4% QoQ aided by 26.4% QoQ growth in current account deposits and 12.6 per cent QoQ growth in term deposits which includes fixed and recurring deposits. CASA ratio stood at 25.8%. Further, Net interest income was at Rs 1,908 crore bolstered by home, personal, gold, car and two-wheeler loan along with business and mudra loans.
  • 2018-12-26 : Yes Bank to use data analytics to offer the right mix of products
    In a bid to further strengthen its retail loans segment, the bank is planning to harness data analytics to understand customer behaviour to offer them a right mix of products which suits them the most, based on a predictability model. In addition to this, the bank is trying to focus upon building their CASA (current account savings account).
  • 2018-01-05 : Yes Bank, Nearby Tech bring cardless-pinless ATM service 
    Fintech startup Nearby Technologies has joined hands with Yes Bank providing, Aadhaar- enabled cardless and pinless ATM service. Through this, the customers can deposit or withdraw money at any retailer place. A retailer who uses the PayNEARBY mobile application on a smart phone, can become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer.
  • 2017-09-26 : Yes Bank set to achieve low-cost deposit target of 40 per cent
    Yes Bank plans to achieve a higher proportion of deposits and advances from retail segment. The bank has been encouraged by a healthy growth in deposits and advances in the segment.
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