What are the benefits of having a YES Bank account?
YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank.
- Earn up to 7% interest per annum on your savings balance.
- Get up to Rs. 1.17 lakh in lifestyle benefits per year.
- Enjoy a range of exclusive debit card offers.
- No minimum balance requirement.
- Free ATM transactions at all YES BANK ATMs and over 50,000 ATMs across India.
YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank.
The 'Basic Savings Bank Deposit Account' is a normal banking service account available for all. There is no minimum balance requirement for the account.
You can also use your YES BANK netbanking services to instantly transfer funds between YES BANK accounts, open fixed deposits, view cheque status of any cheques you have issued, request new cheque books, view TDS details, transfer funds to third party accounts, make utility bill payments, and much more.
Nil minimum balance requirement, subject to monthly salary credits. Free unlimited transactions at YES BANK ATMs as well as any other bank's ATMs in India. A free Demat account with 50% AMC Waiver for 1st year, NSDL charges applicable.
For cash deposit/ withdrawal by the customer:
No ID proof required in case you are using your YES BANK Cheque book. If Cash Withdrawal is done using withdrawal slip, copy of the valid ID* document will be required to be submitted.
Analysts have cautioned that private lender Yes Bank's high reliance on bulk deposits continues to be a risk despite its efforts to ramp up retail deposits. At around 40 percent of bulk deposits, the cost of funds remains high, analysts said.
YES Bank's troubles surfaced after the clean up act of bad loans by the RBI, which prompted banks to report their asset quality. After the review of RBI, it was found that the bank had severe stress on the balance sheet and was unable to raise capital for operational business.
As of 28 July 2020, Yes Bank is an associate of State Bank of India which has a 30% stake in the company. On 21 February 2023, Yes Bank issued 2,13,650 equity shares to its employees under the company ESOP plan.
Is Yes Bank safe to invest?
I strongly believe that Yes Bank share is strong from both technical and fundamental perspective. For long term, Yes Bank shares may touch ₹40 apiece levels in next two to three years. However, even if the current bounce is a dead cat bounce, Yes Bank shares are likely to touch ₹25 per share levels in short term.
YES Prosperity Platinum Debit Card: Experience privileged banking services like contactless NFC payments. Withdrawal domestic and international limit of INR 1 lakh.
Daily Cash Withdrawal limit of INR 1,00,000. Daily Domestic Purchase limit at POS (Point-of-Sale) and Ecommerce of INR 5,00,000* / For YES Premia Customers the daily limit is INR 300,000* Daily International Purchase limit at POS (Point-of-Sale) and Ecommerce of INR 1,00,000*
Close the Account and Request a Written Letter You may need to visit the bank in person, call a customer service phone number or submit your request in writing. If you didn't already move your money out, you will receive the balances in your accounts in the form of a check.
"Yes Bank was a major gainer last week, up by almost 32% WoW, long-term indicators have turned positive for the stock, so those with risk appetite should hold the stock while others can look at booking profits in case the stock does not sustain above the 32 mark," Aamar Deo Singh, Senior Vice President-Equity, ...
Toll Free Number: You can call YES bank balance check number 1800 1200 and know your account balance. This number is toll-free. WhatsApp banking: You can also check your YES bank account balance through WhatsApp. To do so, you will send a 'Hi' on +91-82912-01200.
The Monthly Average Balance refers to the minimum amount of funds that an account holder must retain in their current or savings account to avoid incurring non-maintenance fees from the respective bank or financial institution. Essentially, it ensures that the account remains active and functional.
Yes Bank provides reliable and affordable zero balance savings accounts for different customer needs. Be it opening online or offline, there are simple processes. Customers can earn good interest rates and enjoy unlimited transactions within set limits.
| Bank | Interest Rate of Savings Bank Account |
|---|---|
| Union Bank of India | 2.75% - 3.55% |
| HDFC Bank | 3.00% - 3.50% |
| ICICI Bank | 3.00% |
| Axis Bank | 3.00% - 3.50% |
Enjoy the benefits of the RuPay card at an annual fee of INR 99. YES Prosperity Titanium Debit Card: Enjoy a withdrawal limit of INR 50,000 along with insurance and purchase protection at an annual fee of just INR 149.
What is the withdrawal fee for YES Bank?
YES Bank charges a cash advance fee of 2.5% of the withdrawn amount (a minimum of Rs. 300). The higher the amount you withdraw using your YES Bank credit card, the higher would be the cash advance fee. Further, the fee is applicable for every cash withdrawal made on the card.
YES Bank debit cards are very helpful with enhanced purchase limits, withdrawal limits and exclusive value added services. Enjoy using the debit cards across several categories including electronics, consumer goods, apparel and many more. You are entitled to unlimited free transactions from any ATM across India.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
It is also a safer form of investment when compared to stocks or shares as there is no risk involved and you are assured of a fixed return. YES BANK provides a convenient reinvestment option of your FD, which directly reinvests the sum accrued into the scheme once your tenure expires.
| S. No. | Bank Name |
|---|---|
| 1 | State bank of India (SBI) |
| 2 | HDFC Bank |
| 3 | ICICI Bank |
| 4 | Punjab National Bank (PNB) |
