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Compare Different Types Of Current Account Online In India|YES BANK

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A current account is one which lets you carry on multiple transactions without any limits. These accounts are suitable for business owners, firms, partnership firms etc. If you’re looking at opening a current, YES BANK offers 3 different kinds, continue reading to understand the different types of current account that YES BANK offers.

Types of current accounts at YES BANK

Wondering how many types of current account does YES BANK offer? We offer a special three-tier structure for current accounts such as:

  1. Edge Business

  2. Prime Business

  3. Exclusive Business

Edge Business

Prime Business

Exclusive Business

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 customised 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 best suited for a new setup or a business with less 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

 

Want to know how these current accounts differ from each other? Then continue reading as we compare current accounts offered by YES BANK:

Edge Business: This account is best suited for new start-ups which involve fewer transactions and allows you to enjoy all the banking benefits along with the value-added services. The advantage of a substantially low minimum balance in current account of INR 25,000. There are several other benefits of the Edge Business account available for the customers.

1. Unlimited Non-Cash Collection: Customers can do non-cash collections anywhere across the country

2. 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 for the same is INR 5 lakhs, while the maximum is INR 25 lakhs.

3. Free Cash Withdrawal: Account holders have free cash withdrawal at all YES BANK locations across the country

4. Free Demand Drafts: Up to 25 every month at all YES BANK locations

5. Free Payable-at-Pay Cheques: Up to 100 every month

6. Value-added Packages: customers can also add value-added banking packages which include

  • Merchant services - POS terminals to enable smooth and reliable acceptance of card payments

  • Global Business - Hassle free processing of transactions to help meet your business needs of import, export and domestic trade and remittance transactions

Prime Business: The account is 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. Customers can opt from a wide variety of value-added services available to them along with their current account to help sustain the growth of their booming business. It should be noted that 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:

1. Unlimited Non-Cash Collection: Customers can do non-cash collections anywhere across the country

2. 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.

3. Free Demand Drafts: Up to 50 every month at all YES BANK locations

4. Free Payable-at-Pay Cheques: Up to 300 every month

5. Cheque Returns: Customers can avail five outward cheque returns free every month

6. Business Gold Debit Card: Business Gold Debit Card with no annual charges for the first year

7. Value-added Packages: Customers can also add value-added banking packages which include

  • Merchant services - POS terminals to enable smooth and reliable acceptance of card payments

  • Global Business - Hassle free processing of transactions to help meet your business needs of import, export and domestic trade and remittance transactions

  • “YES TRANSACT-ON THE GO” service- Customers can scan or upload their request of their transaction file and send it to the bank through a secured mode from their desktop, laptop or mobile phone.

  • Smart Tally-Automated payments and ease of reconciliation for users on Tally 9 and above

  • Payment Gateway- Suitable for all online merchants willing to sell goods & services on internet or mobile application

Exclusive Business: This account is best 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 the maximum benefits available. It should be noted that Exclusive Business Accounts are required to have an Average Quarterly Balance of INR 5 lakhs. Features available to Exclusive Business Current Account holders at YES BANK include:

1. Unlimited Non-Cash Collection: Customers can do non- cash collections anywhere across the country

2. Free RTGS and NEFT payments: Free payments through your home branch as well as through Net Banking facilities

3. 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 for the same is INR 25 lakhs, while the maximum is INR 2 crores.

4. Demand Drafts: At all YES BANK locations

5. payable-at-pay cheques: Up to 500 free every month

6. Cheque Returns: Customers can avail ten outward cheque returns free every month

7. YES FIRST WORLD BUSINESS Debit Card: YES FIRST WORLD BUSINESS Debit Card with no annual charges for the first year

8. Value-added Packages: Customers can also add value-added banking packages which include

  • Merchant services - POS terminals to enable smooth and reliable acceptance of card payments

  • Global Business - Hassle free processing of transactions to help meet your business needs of import, export and domestic trade and remittance transactions

  • “YES TRANSACT-ON THE GO” service- Customers can scan or upload their request of their transaction file and send it to the bank through a secured mode from their desktop, laptop or mobile phone

  • Smart Tally-Automated payments and ease of reconciliation for users on Tally 9 and above

  • Payment Gateway- Suitable for all online merchants willing to sell goods & services on internet or mobile application

  • CMS Collection - Customized Solution and MIS for collection across multiple locations with minimal costs

  • CMS Payment - Track your payments to vendors and clients and avail bulk upload facility through Corporate NetBanking

If you wish to open any of these current accounts online, here are all the documents you will need: https://bit.ly/2nwF06Z

However, if you still need help for opening a current account, visit a YES BANK branch near you or visit our website for any additional information here: www.yesbank.in.

 
 
 
 

 

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