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YES:Head-Startup

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YES:Head-Startup: A comprehensive banking solution for tech and tech-enabled Start-ups

YES:Head-Startup ADVANTAGE:

  • Customized Current Account
  • Dedicated Start-Up Branches
  • Knowledge Driven Approach
  • Seamless Digital Banking
  • Bespoke Privilege Program

YES:Head-Startup Privileges Program is a customized program consisting of registration assistance, incubation & accelerator services, investor interface and marketing assistance which YES BANK would offer to the members of the program. Click here to know more.

 

Click here for A.R.T of Digital Banking @ YES BANK

Click here to view YES BANK’s GST Ready Recknor

 

Interested? Fill the new ONLINE Account Opening Form now by clicking the button mentioned below:

 

Online Application Form

Key Attractions

Customized Current Account

A Customized Current Account will suit your business and transaction needs

State of the art Digital Banking Platform

State – of – the art internet banking facilities to make banking secure and convenient

YES:Head-Startup Privileges Program

Value Added Services for Start-up Entrepreneurs

Features and benefits

Current Account

A Customized Current Account will suit your business and transaction needs

 

YES BANK Current account solutions have unique advantages and host of value added services that are of utmost important to your business

Enjoy the banking benefits available in YES:Head-Startup Current Account with maximum cost-saving features. Following are the key free* of charge services to manage your business and transaction needs:

  • No balance commitment for 1st year of relationship
  • Anywhere Banking any YES BANK location with no additional charges
  • Free anywhere payments and collections through cheque
  • Free RTGS/NEFT/Intra-Bank FT collections & payments
  • Yes First World Business Debit Card with higher limits for ATM / POS / On-Line transactions
  • Free ATM transactions at any bank in India
  • Free banking through Net Banking, Mobile Banking, Phone Banking
  • Free At-Par Cheque book and Demand Drafts

* Refer to Schedule of Charges listing for complete details on free limit & charges applicable

click here for rates and charges

Digital & Cash Management Solutions

Ensuring convenience in handling day to day transactions

 

YES BANK has expanded the scope of customer service from execution to information facilitation, serving the core objective of optimum management of all operational, administrative and regulatory activities. We offer the following offerings for effective cash management

API Banking

  • Integration with client end systems ( ERP/Accounting packages/Any other legacy system) with bank’s system using Web services exposed by the Bank.
  • API’s for standard banking services like Balance Enquiry, IFS code look up, Fund Transfer etc have been made available for use by corporate clients.
  • The web services exposed also has provision for the client end systems check for the status of the transactions initiated so as to update into the host systems real time.
  • API’s are available for Receivables as well. In such cases, the e-collect proposition is extended to include validation with client end data through web services exposed by the client and taking action according to pre set rules.

Benefits: High level of automation between both parties leading to seamless integration. Real-time payments (24*7*365 for IMPS) to Corporate  customers hence enhancing the end customer experience.

This has been met with great success at e-com companies especially in processing their refund payments to customers or for providing cash out solutions from the customer’s captive wallet or for paying their suppliers from a nodal account held with the bank.

BUNCH NOTE ACCEPTOR (BNA)

  • An ATM sized machine which can be used for cash deposition and cash withdrawal
  • Ability to accept cash upto Rs 1 Cr a day
  • Accept smaller denomination notes as well
  • Work 24*7*365 and instant credit to corporate account
  • Can identify fake/discrepant notes

HOST-2-HOST e-PAYMENTS

  • Auto-pickup of the file from the specified folder location from the client‘s server or YBL Server thus reducing scope of error and reduced manual intervention.
  • Auto upload of the files in Corporate Net Banking and processing post automatic/manual authorization
  • Response File regarding status of transaction will be shared on server.
  • ERP supported Account Statement sent to the customer through email
  • Secured Rel-ID Authorization

PAYMENT GATEWAY

  • Offers entire bouquet of transaction - Credit cards, Debit card, Net banking, etc., under single agreement and single integration kit.
  • Offers a higher success rate (>90%) , International credit cards can be enabled for selective cases.
  • Real-time transaction monitoring features
  • Analytic tools with Graphics
  • Online Invoice tracking for email invoicing

NODAL ACCOUNT

  • Nodal account offering for e-Commerce companies as per RBI guidelines
  • Simplified payment services to facilitate payments to be made to the merchants in line with the merchant agreements.
  • Online access to account transactions enabling ease in reconciliation

YES TRANSACT – ON THE GO'

A unique digital working capital management solution that will enable decision makers to view and approve transaction requests even when they are travelling or are out of office. It is an app that can be downloaded by corporate users on a device of their choice.

The app binds itself closely with the device chosen and securely transmits information to the bank using military grade security paraphernalia.

Features of this app are as under: -

  • Comprehensive Real time Account Balances
  • Onscreen transaction processing
  • File uploads with a provision to attach a scanned copy of the request letter alongside
  • Ability to configure Maker- Checker facility; Checkers have the option to access the app through mobile devices as well (Tab/Mobile Phone..)
  • OTP to the registered mobile number of authorizers as an added security feature
  • Scan Banking – Ability to scan documents (requests) to the bank in a secured manner

E-COLLECT

A customized online receivables solution which enables customers to receive real-time online credit vide RTGS/NEFT/IMPS channels.

Key Features:

  1. Creates Virtual Account Numbers on a real-time basis which is associated with individual payers that can be easily remembered. This eliminates the need to know the corporate customer’s bank account numbers.
  2. Enables data validation on the remitter database basis business rules shared by the customer. This further facilitates simplification and ease of reconciliation.
  3. Provides intra-day MIS in a customizable format along with SMS/ Email notification and remitter validation.

Impact & Benefits

  1. Generation of personalized alphanumeric virtual accounts which are easier to remember and can be customized as per client requirements in including unique reference numbers/ mobile numbers etc.
  2. Plug and play solution for fast customer on-boarding and generation of Virtual Account Numbers as per business requirements.
  3. Integrates YES Bank and client systems to enable real-time validation, transaction processing and ERP updation.
    1. Multiple parameters such as date/ remitter account number/ transaction amount can be used to validate transaction information.
  4. Instant reconciliation in client systems against outstanding credits.
  5. Highly flexible solution which allows corporate to choose the validation parameters such as remitter name and account number, transaction value, date and credit account number. The facility has upto 4 levels of validations which allow multiple use cases to be built.
  6. Facilitates auto-credit into multiple accounts basis a single client code thereby simplifying account monitoring.
  7. Provision of structured and flexibility in multiple formats and frequencies for seamless monitoring & review of outstanding payments.

YES TAG

YES TAG is first of its kind smart social banking application that allows banking transactions seamlessly on Twitter, Face book Messenger, We Chat, Telegram and Skype. Now customers can check their balance, mini statement, fixed deposit details, cheque status and much more through messaging apps. Customers can also send money to registered beneficiaries from either of these messaging apps.

Key features:

  • Instant Funds transfer anywhere, anytime at No Cost
  • Transfer funds to registered beneficiaries
  • Fund transfer transactions are secure with a 6 digit pass code

Check account balance, last 5 transactions, Fixed Deposit details, cheque status, request for cheque book and stop cheque payment

YES PAY

YES PAY is YES BANK’s Digital Wallet enabling Social Media & smart phone users to register seamlessly and then spend wisely. Any person with a valid Indian Mobile Number can register for YES PAY by downloading the Application via Google Playstore or Apple App store. The maximum permitted balance in wallet is INR 10,000.

You can load money into the wallet using –

  • YES BANK Account – Existing YES BANK customer can load using their YES BANK Account by entering their CustID
  • Payment Gateway – You can use any Bank Debit Card or NetBanking
  • IMPS – You can load money using IMPS as well

Key Features of YES PAY -

  • Send, receive, request and settle transactions within group of friends
  • Mobile/DTH Recharge and Utility Bill Payments
  • Buy gifts, discounted vouchers, handset insurance, music downloads etc.
  • E-commerce transactions and payments at retail outlets

UPI Based Solutions

  • Simple integration with merchant mobile apps for seamless payments
  • Both peer-to-peer (P2P) and merchant payments supported through YES BANK’s Software Development kit (SDK)
  • Cost effective in comparison with card and wallet transactions
  • Simple and flexible APIs allowing startups to freely innovate as per requirement
  • Web based dashboard panel for real time Management Information System (MIS) and settlement reports

Trade Finance

YES BANK is one of the leaders in providing innovative and structured Trade Finance solutions

 

Key Offerings

Capital Account Transactions

  • Foreign Direct Investments
    • Advisory
    • Regulatory Filings & approvals
    • Currency risk hedging through forwards & options
  • Overseas Direct Investment
  • External Commercial Borrowings
  • Regulatory Advisory
    • FEMA/RBI Guidelines / Regulatory Filing
  • Other Capital Account Transactions

Import Finance

  • Letters of Credit
  • Trade Credit - Buyer’s/Supplier’s Credit
  • Bills on Collections
  • Bank Guarantee / SBLC
  • Bullion

Export Finance

  • Pre & Post -Shipment Finance
  • Export Collections
  • Export LC advising & Confirmation
  • Bank Guarantee / SBLC

Inland Trade

  • Inland Letters of Credit
  • Bank Guarantees / SBLC
  • Local bill discounting

Trade Services

  • Trade Remittance Services
    • Inward/Outward Remittances
  • Collection Services
    • Import / Export Collections
  • LC Advising/ Negotiation /Confirmation
  • Foreign Exchange Services
  • Currency risk hedging through forwards & options

Receivables & Payables

  • Financial Supply Chain Solutions
  • Dealer Financing
  • Receivable Financing with assignment
  • Channel Finance / Vendor Finance/Supplier Finance
  • Structures Trade Finance
    • Factoring/Forfaiting

What is it for the Customer?

  • World Class Services with Global Footprint
    • Dedicated team of trade finance experts
    • Global Footprint by leveraging 3000+ strategic International and Domestic Bank tie-ups
    • Well recognized and widely acceptable credit in both
    • International and domestic markets
  • Financial & Information Security
    • Adequate control mechanisms
  • Enhanced Information Management through
    • Real-time Trade Alerts & E-advices (debit/credit) on trade transaction processing through registered email ids
    • Outstanding reports
    • Inbound Transaction MIS
    • Due Date Alerts
  • Increased Administrative Efficiency
    • Simplified documentation
    • Doorstep pickup services
  • Innovative Structuring Capability
    • Dedicated Capital Account Desk
    • Liaisoning with regulatory/statutory bodies
  • Benchmarked and Certified Systems & Processes
    • Trade On Net
      • An online platform to manage your trade transactions at the click of a key
      • Secured access & Superior experience / update on trade transactions status
    • ISO certified back office
    • Stringent SLA backed services

Click here to know more

Corporate Salary

A Smart Salary Account with host of benefits and services to meet all your banking requirements.

Benefits to Organization

  • Fast and efficient Account Opening Process for the employees
  • Option of daily account activation report to HR/Admin/Other representatives
  • Dedicated Helpdesk/Service Camps at corporate premises upon request
  • Option of ATMs at corporate premises for employee convenience, at mutually agreed terms
  • Direct transfer of salaries/reimbursements from current account to the employees’ accounts
  • End to end integration with HR/Accounting Systems
  • Real Time processing with confirmations and Zero cost for organization
  • Solutions for Reward & Recognition programs: YES GIFT CARD, YES MULTI CURRENCY TRAVEL CARD and YES REWARDS LOYALTY PROGRAM

Smart Salary Offerings

  • Earn a higher interest rate of 6% p.a. on your YES BANK Savings Account *
  • Salary Account with Nil Minimum Balance requirement
  • Free Payable at-par multicity cheque book at YES BANK locations
  • Issue unlimited Demand Drafts across all channels
  • Free NEFT & RTGS transaction via Netbanking
  • Free Personal Accident Death Insurance**
  • Free Debit Card with access to over 80,000 ATMs across India
  • Daily Cash Withdrawal limit of INR 25,000 & POS limit of INR 25,000 on Debit Card
  • Preferential pricing on Loan products (Personal Loan, Auto Loan, Affordable Home Loan, Gold Loan, LAS, LAP)
  • YES BANK Credit Cards available with host of exciting features and unparalleled benefits.
  • 3-in-1 advantage with seamless integration of YES Bank Savings Account, Demat Account and Investment Account^^

* Rates are subject to change at the sole discretion of YES BANK. Conditions apply.

^^YES SECURITIES Investment Account is offered by YES SECURITIES (INDIA) LTD., which is a subsidiary of YES BANK LTD.

**Terms & Conditions Apply

Business Lending Facilities

Business Lending Facilities crafted to never let you go out of funds

Aimed at financing the entities particularly in their initial stages of business lifecycle. The salient features of this specialized proposition are:

  • No Financials required for analysis
  • Credit assessment based purely on banking transactions of the customers
  • Fund Based Limits like Overdraft & Drop Line Overdraft up to INR 1 Crore

Designed to support entities needing advanced financial products including trade limits for meeting their growth requirements. The salient features of the product are as below:

  • Turnover based lending approach
  • Flexible Collateral Requirement basis higher score
  • All Fund Based facilities and Non – Fund Based facilities upto INR 5 crs are available under the Program

 

  • YES Shakti– Designed to support Business owned / managed by Women Enterpreneurs
  • Preferential Interest rate and processing fee for women empowerment
  • Specialized Door Step Banking Services for Women Entrepreneurs
  • All Fund Based and Non – Fund Based facilities are made available under the Program

      *3 year vintage needed under these Programs, other than cash backed program

  • Trade Facility

It is used for setting up and operating the institutional mechanism for facilitating financing of trade receivables of Start-Ups from corporate buyers through multiple financiers.

TReDS will facilitate the discounting of invoices and bills of exchange. Further, as the underlying entities are the same (Start-Ups and corporate buyers) the TReDS could deal with both receivables factoring as well as reverse factoring so that higher transaction volumes come into the system and facilitate in better pricing.

Retail Offerings

A comprehensive bouquet of retail products and services

  • Commercial Vehicle Loans
  • Loan Against Property: including drop-line overdraft facility
    • Secured Business Loans : Tailor-made offerings to suit your business needs*
    • Mortgage Backed Term Loan for immediate business needs
    • Drop-line overdraft facility – A unique overdraft facility to cater to seasonal requirement of funds for your business
    • Loan for Purchase of Commercial Property – To set-up your new office premise
  • Healthcare and Printing Equipment Funding: For hospitals and healthcare centers to enhance the healthcare facility and printing press*
  • Construction Equipment Loans: for captive or commercial usage
  • Loan against Securities (LAS)
  • Overdraft facility against securities (Shares, Mutual Funds, Insurance Policies*, Bonds, NSC, KVP)
  • No Income proof till Rs 99Lakhs, No Guarantor
  • Overdraft Facility – Interest is charged on the amount utilized only
  • Higher eligibility purely on value of securities and not on income
  • Minimum documentation requirement
  • Gold Loan, Avail hassle free loan against your gold Ornaments to fulfill your Personal, Professional or Business requirement

Key Features

  • Dedicated Relationship Managers
  • Competitive Interest rates
  • Superior Turn Around Time
  • Flexible repayment options enabling structuring of repayment

*Credit at the sole discretion of YES BANK

 

SAVINGS ACCOUNT

Money saved is money earned. Regardless of your financial position, savings play an essential part of everyone’s life.

YES BANK offers Savings Accounts that have been designed specifically to take care of your banking and savings requirements. Our innovative financial solutions, backed by expert advice, will provide you with a truly rewarding banking experience.

You can choose from a variety of Savings Accounts that YES BANK can offer you. Access your account with ease via Net Banking and Mobile Banking facilities. Earn a higher return of 6% p.a.* on your YES BANK Savings Account. Grow your Savings Faster.

Key benefits of opening an account with YES BANK

  • Higher return of 6% p.a.* on your Savings Account Balance
  • FD/RD Fungibility Options
  • Quarterly payout of Savings Account Interest
  • Unlimited access to ATMs of any bank across India^ : below disclaimer need to be added
  • Loyalty Reward points through your Debit Card  & Net Banking
  • Money Monitor
  • Debit cum ATM card
  • Free Utility Bill Payment
  • Door step Banking

 *With effect from 1st November 2015. Rates are subject to change at the sole discretion of YES BANK. Conditions apply.

^Please refer Schedule of Charges applicable as per Saving account variant

Investment Banking Services

YES BANK's investment banking provides a range of services designed to meet clients' specific needs

Click here to know more

YES Securities is involved in the identification, structuring and execution of transactions for its clients in diverse industries and geographies.

We have successfully completed more than 200 transactions comprising private equity, M&A and capital market transactions across a wide range of sectors such as Technology, Engineering, Food & Agri Business, Financial Services, Pharmaceuticals, Textiles, Technology, Auto Components, Media and Entertainment, and Real Estate. Some of the typical transactions include:

  • VENTURE CAPITAL/ PRIVATE EQUITY SYNDICATION¿
    • Raising venture and growth capital
    • Structured investment/ convertible products
    • Mezzanine Financings
    • Buyouts by financial sponsors
  • FINANCIAL ADVISORY
    • Mergers and acquisitions
    • Divestitures
    • Joint ventures and Spin-offs
  • ¿EQUITY CAPITAL MARKETS
    • IPOs
    • Open offers
    • Rights issues
    • Private placements
    • Share buy backs
  • RESTRUCTURING & PRIVATIZATION
    • Capital restructuring
    • Distressed debt and Equity buy outs
  • BROKERAGE SERVICES
    • Secondary placement of Equity with institutional investors

YES FIRST World Business Debit Card

Exclusive features that complement your lifestyle

  • Daily ATM withdrawal limit: INR 2 lakh
  • Daily Purchase limit at POS (Point of Sale): INR 2 lakh
  • Fuel surcharge waiver - Instant savings up to 2.5% on fuel purchase at any petrol pump
  • Worldwide access to over 1.25 million ATMs and 25 million merchants
  • Free & unlimited access to over 100,000 ATMs and 8 lakh POS Terminals in India
  • Enabled for online transactions such as travel, utility payments, etc.
  • Complimentary Golf access through MasterCard
  • Airport Lounge access through MasterCard
  • Transaction Debit alert – FREE by default
  • Amount is debited to the Bank account directly
  • International transactions are also debited in INR into the account
  • Cards can be used at ATMs/POS - anywhere, anytime
  • Personal Accident Insurance* up to INR 15,00,000
  • Purchase Protection Insurance* up to INR 25,000
  • Lost Card Liability Protection* up to INR 100,000
  • Air Accident Death Insurance* up to INR 25,00,000

Click here to know more

YES FIRST Credit Card

Experience the world of exclusive privileges and rewards with the YES FIRST Credit Card

At YES BANK , we understand that you have never settled for anything less than the best for yourself.  As a discerning connoisseur of the finer things in life, it is our constant endeavour to provide you with a consistent & superior banking experience. We are delighted to present you our YES FIRST Credit Cards which are exclusively designed to meet your lifestyle needs.

 

YES FIRST Exclusive Credit Card

  • Welcome privilege of 50,000 Reward Points*^
  • 40,000 Reward Points^ on renewal every year and annual bonus of Rs.25,000 Reward Points on spends of Rs.20 lakhs and more in every anniversary year
  • Assured 10 Reward Points per Rs.100 of retail spends (1 Reward Point = Rs.0.25)
  • Complimentary Taj InnerCircle Epicure Plus membership^^
  • Unlimited complimentary lounge with Priority Pass Membership & MasterCard Lounge Programme (Available to Primary & Add-on Cardmember)
  • Interest Rate of 1.2%^^^ pm & Foreign Currency Markup of 1.75% only. Interest Rate of 1.99%pm for all other Cardmembers.

*On 1st transaction within 90 days of card set-up date.

^Applicable for cards with annual fee only.

^^ Membership valid for 1 year only.

^^^ Applicable for Cardmembers having YES BANK Salary or Savings Account Relationship.

YES FIRST Preferred Credit Card

  • Welcome privilege of 15,000 Reward Points*^
  • 10,000 Reward Points on renewal every year and annual bonus of 20,000 Reward Points on spends of Rs.7.5 Lakhs or more every anniversary year
  • Assured 8 Reward Points per Rs.100 of retail spends (1Reward Point=Rs.0.25)
  • 4 complimentary access with Priority Pass Membership per calendar year and 3 complimentary lounge access with MasterCard Lounge Programme per quarter.
  • Assured 2.5% discount (maximum of up to Rs.250 pm)on movie tickets on www.bookmyshow.com
  • Interest Rate of 1.2%^^^ pm & Foreign Currency Markup of 1.75% only.1.99%pm for all other Cardmembers.

*On 1st transaction within 90 days of card set-up date.

^Applicable for cards with annual fee only.

^^^ Applicable for Cardmembers having YES BANK Salary or Savings Account Relationship.

 

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Q.What are the services?

YES:Head-Startup will provide a comprehensive range of startup focused Corporate and Commercial Banking Services, including Working Capital Finance, Trade & FX, Cash & Transaction Management Services, Treasury & Investment Banking Solutions and Liquidity Management to name a few.

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Q.Who all are eligible?

  • Permissible Constitution – Pvt Ltd Co/One Person Co./ Registered Partnership Firm/LLP
  • Allowable Vintage of the entity – Max. 5 years from the date of incorporation/registration

Any one of A) recommended letter from a recognized incubator cell or B) Evidence of being funded by recognized funds or C) A certificate of recognition from DIPP

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