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Institutional Banking

INSTITUTIONAL BANKING ACCOUNT

YES BANK Institutional Banking, a comprehensive offer delivering the finest banking solutions through innovative products and services to manage your payments and collections combined with uncompromising service commitment to meet the specific needs of Trust, Educational Institutions, Religious Institutions, Housing Societies, Hospitals, Clubs, Non-Government Organizations (NGOs), Cooperative Societies, Defence Establishments, Government Departments etc.

 

REGULATORY ACCOUNT

FCRA

Foreign Contribution Regulation Act or FCRA is a law of Govt. of India which regulates receipt of foreign contributions / donations received in India. As per recent amendment of FCRA Act 2010, entities obtaining FCRA registration from Ministry of Home Affairs (MHA) can open a FCRA Utilization Bank account for the purpose of utilization of Foreign Contribution received by the entity in its Main FCRA account held at SBI, NDMB.

features & benefits

Superior Branch Experience

  • Across all YES BANK Branches ATMs Free unlimited transactions at YES BANK and other bank ATMs across India

  • True “Anywhere Banking” across all YES BANK Branches & ATMs: Free unlimited transactions at YES BANK and other bank ATMs across India

  • Best-in-class Fixed Deposit interest rates

  • Free Unlimited Pay Orders and Demand Drafts at YES BANK locations

  • Free personalized Payable at Par Cheque Books

  • Free Local Cheque Collection

  • Free Outstation Cheque collection (at YES BANK locations)***

  • Free Physical Account statements

  • Debit Card available on request

  • Dedicated Relationship Manager - a Single point of contact for all banking needs

  • Free Standing Instruction Maintenance


*** Conditions Apply

ZERO BALANCE

A Power-packed Zero Balance Savings Account and Current Account.

SEGMENT SPECIFIC SOLUTIONS

Comprehensive tailor made solutions specially curated for Education Segment, Club Segment & Housing Societies

Education Segment:

  • A plug and play based smart School Management Solution that allows education institutes to manage students, staff and administrative tasks in one single platform along

  • Integrated with POS, Payment Gateway and Collections API (E-collect)

  • Provides bird’s eye view of multi-school / college and individual school / college’s performance across all KPIs

  • Dedicated interface for Trustees, Principal, Teachers, Students and Parents

Club Segment:

  • ERP based solution, providing analytical reports, facility utilization, automated billing and reminders.

  • One-stop solution providing Member Management, Sports & Gym Management, Event Management, Facilities Management (banquets/rooms), Food & Beverage and Vendor Management.

  • Digitization of entry/exit, billings, tournaments, Mobile App for club members are few other value-added solutions extended by Club Connect.

  • Adds on to existing ERP/digital interface used by the club

Housing Societies:

  • One-stop solution targeted towards Society Members, Management Committee and Security Guards

  • Integrated with API Payments and API E-Collect, it is an App based solution providing analytical reports, facility utilization, visitor & parking management, maintenance alerts, staff management along with ratings and attendance

  • Plug and play, seamless deployment solutions, compatible with ERP and without ERP

  • Dedicated interface – User App for Residents, Admin Dashboard for Management Committee, and Guard App with hardware for Security Guards

Premium Banking Solution

YES FIRST – Premium Banking Solutions for Trustees**

  • Pick-up of cash/cheques from the organization premises

  • Internet Payment Gateway

  • Online Donation Portal on YES BANK website

  • Convenience of other superior new age online modes of collections

  • Online and Offline Payment Solutions

  • Tax Payment Solutions

  • Preferential pricing on POS machines

  • FCRA Account for receiving foreign contribution subject to approval from Ministry of Home Affairs

  • YES FIRST – Premium Banking Solutions for Trustees**

  • Best in class Fixed Deposit Rates with additional 0.50% extra for Senior Citizen Trustees

  • No pre-payment penalty on Fixed Deposits***

 

** Subject to fulfilment of Program Criteria

 

*** Conditions Apply

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Documents Required

  • List of documents required for opening Account

Have any other query?

Q. Which document needs to be submitted in case the Trust/Society is exempt from payment of Income-tax?

A. Certificate of Tax exemption issued under section 12A of the Income Tax Act, 1961

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Q. Can Resolution of Account Opening be accepted as a Relationship Proof between Trust/Society AND Unit of Trust/Society?

A. YES Resolution of Account Opening be accepted as a Relationship Proof between Trust/Society AND Unit of Trust/Society

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other accounts and programmes

Cash Management Services

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Trade Finance

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Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

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