How may we help you today?
We, at YES BANK, understand the dynamic nature of your business and present to you our comprehensive Current Account solutions with flexible features to address your complete business & financial needs. Our transparent pricing structure, cutting edge banking technology, combined with our expert knowledge-based financial solutions ensure not just efficient transactions but also enables business growth.
For the first time in the industry, YES BANK has introduced a 3-tier structure with auto-upgrade facility and charges based on usage. This ensures transparent pricing and benefits best suited to the scale of your business.
Benefits and features of the three-tier structure of YES BANK Current account:
Option to enroll to any of the following three-tiers:-
Enjoy all the banking benefits, along with efficient value-added services that deliver more than you expect from a current account.
For every growing business, it is essential to have a range of customized services to go along with its Current Account, for handling high transaction volumes.
Every established business needs maximum benefits and cost-saving features in their Current Account.
With a lower balance expectation, this product is best suited for a new setup or a business with lower volume of transactions.
Choose from the available value-added services linked to business requirements, to sustain the growth of your business.
Choose this premium tier for your business and get the best-in-class services and features to meet all your business needs.
Eligible for revision to Prime Business & Exclusive Business during its Life Cycle
Eligible for revision to Edge Business & Exclusive Business during its life cycle
Eligible for revision to Prime Business & Edge Business during its life cycle
To help you find a banking solution that is customised and designed to complement the growing and dynamic nature of the business. This structure is built to facilitate the customer with smooth day to day banking transactions to prosper their business.
The benefits of choosing YES BANK current account are:
Auto revision of features and benefits based upon your account usage: Your YES BANK Current Account will be reviewed on regular basis and will be upgraded or moved to a lower tier based on your banking behaviour
Ability to bank at any YES BANK location with no restrictions or additional charge
Free payable-at-par cheque leaves
Free cash deposit limits based on average balance maintained in current or previous month (whichever is higher)
Free usage of Business Debit Cards at ATMs (within India) as well as at merchant establishments and for online payments
Free local and outstation cheque collections without limits
Free limits on outward cheque returns in select tiers
Free internet banking facility and Immediate Payment Service (IMPS) to help you manage and track your balance and account at any time from any part of the world
Digital solutions to simplify your business payments and collections
Edge Business: Best suited for new businesses which involves fewer transactions. Edge Business allows you to enjoy all the banking benefits along with the value-added services at a substantially low minimum balance requirement of INR 25,000.
The host of benefits of Edge Business account include:
Unlimited Non-Cash Collection: Customers can do non-cash collections anywhere across the country
Cash Deposit: Customers have a free cash deposit limit of up to eight times their average monthly balance (previous or current month, whichever is higher); the minimum limit for the same is INR 5 lakhs, while the maximum limit is INR 25 lakhs.
Free Cash Withdrawal: Account holders have free cash withdrawal at all YES BANK locations across the country
Free Demand Drafts: Up to 25 every month at all YES BANK locations
Free Payable-at-Par Cheques: Up to 100 every month
Business Gold Debit Card with enhanced withdrawal limit, enhanced encryption standards, bespoke privileges lifestyle benefits and insurance benefits
Prime Business: Best suited for growing businesses that must handle a large volume of transactions. For every growing and developing business it is necessary to have a range of customized services, depending on the type of industry it is being operated in, along with a current account to handle day-to-day business transactions. Prime Business Accounts are required to have an Average Quarterly Balance of INR. 1 lakh.
Features available to Prime Business Current Account holders at YES BANK include:
Unlimited Non-Cash Collection: Customers can do non-cash collections anywhere across the country
Cash Deposit: Customers have a free cash deposit limit of up to eight times their average monthly balance (previous or current month, whichever is higher); the minimum limit for the same is INR 10 lakhs, while the maximum limit is INR 1 crore.
Free Demand Drafts: Up to 50 every month at all YES BANK locations
Free Payable-at-Pay Cheques: Up to 300 every month
Cheque Returns: Customers can avail five outward cheque returns free every month
Business Gold Debit Card: Business Gold Debit Card with no annual charges for the first year
Exclusive Business: Best suited for businesses that want to enjoy the best-in-class services and cost saving features offered by YES BANK. This premium tier offers the best for your business and offers maximum benefits. Exclusive Business Accounts are required to have an Average Quarterly Balance of INR 5 lakhs.
Features available to Exclusive Business Current Account holders include:
Anywhere Banking –Bank from any YES BANK branch across the country with no Home Branch/Location constraint
Unlimited Non-Cash Collection: Customers can do non- cash collections anywhere across the country
Free RTGS and NEFT payments: Free payments through your home branch as well as through NetBanking
Cash Deposit: Customers have a free cash deposit limit of up to ten times their average monthly balance (previous or current month, whichever is higher); the minimum limit for the same is INR 25 lakhs, while the maximum limit is INR 2 crores.
Payable-at-par cheques: Up to 500 free every month
Cheque Returns: Customers can avail ten outward cheque returns free every month
YES FIRST WORLD BUSINESS Debit Card: Exclusive offers and privileges along with waiver of Annual charges of INR 2,499 for the first year. Conditions apply.
Value Added Services offered by YES BANK include:
1. YES MSME Mobile App/Web Portal – One stop digital solution for all your banking needs.
Offers unified view of your Current and Savings accounts
Helps you make Bulk payments through file upload
Provides the convenience of making online payment of Taxes
2. Merchant Services -POS terminals to enable smooth and reliable acceptance of card payments from your customers.
3. Trade Finance Services - Hassle free processing of transactions to help your business meet its needs of import, export and domestic trade and remittances
4. Smart Tally – Enables automated payments and ease of reconciliation for users using Tally 9 and above
5. E-Collect – Enables simplified reconciliation of all online inflows into the account
6. Trade on Net – Secure Web based portal to help you manage a host of trade finance transactions seamlessly from the comfort of your office without having to visit the bank branch
7. CMS Collection Solutions - Customized solutions for handling all your business collections along with MIS reports at minimal cost
8. CMS Payment Solutions – Host of payment solutions to help you track your payments to vendors and clients conveniently. Additionally, you can avail bulk upload facility through Corporate NetBanking for making bulk payments
Eligibility & Documents for opening a current account:
With YES BANK, you can open a current account online, in-person at a YES BANK branch or by calling the YES BANK Customer Care – 1800 1200. To be eligible for opening a current account, you can be any of the following:
Hindu undivided family
Sole proprietorship firm
Limited liability partnership firm
Private and public limited company
For more information on acceptable documents, Click Here
Frequently Asked Questions (FAQs) about opening a current account at YES BANK:
Who can open a current account with YES BANK?
Answer: You are eligible to open a current account at YES BANK if you are a resident individual, Hindu undivided family, sole proprietorship firm, partnership firm, limited liability partnership firm, private and public limited companies.
What are the benefits and features of YES BANK current accounts?
Answer: Benefits of opening a current account with YES BANK include the signature three-tier current account structure, free cash deposits, value-added banking packages, auto-upgradation policy, free cheque collections and payments across YES BANK branches, free money transfers through online banking. It is important to note that the services and value-added banking services available to you will vary on the tier you opt for.
What are the charges I must pay for the various tiers of YES BANK Current Accounts?
Answer: The minimum Average Quarterly Balance required to be maintained is Rs. 25,000 for Edge Business Account holders, Rs. 1 lac for Exclusive Business Account holders and Rs. 5 lacs for Exclusive Business Account holders. If customers fail to meet this minimum requirement, they will have to pay a non-maintenance charge of Rs. 1,500. Customers can avail free cash deposits (depending on their tier) but if they exceed the appointed limit, they will be charged for the same.
What is the auto-upgrade facility offered by YES BANK and how is this useful for me?
Answer: The auto-upgrade facility offered by YES BANK analyses your current account usage dynamically to ensure you have enrolled for the right products and benefits. As a part of the facility you do not have to go through the hassle of applying for or opening a new account in order to avail higher limits or better services: your account is automatically moved to a higher/lower tier based on your banking behaviour. Additionally, even if your account is moved to a lower tier, you will not be penalized with non-maintenance charges.
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much moreRead More