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Money matters

Current Account FAQs – YES BANK

What are the benefits and features of YES BANK current accounts?

The basic features of our current account products include:

  • Signature 3-tier current account structure
  • Free cash deposits according to account type
  • Value added banking packages
  • Auto upgrade
  • Free cheque collections and payments at YES BANK branches pan India
  • Free money transfers to suppliers from branches or through online banking using RTGS/NEFT
  • 2-factor authorization facility to ensure the security of your online transactions
  • Doorstep banking services

Who is eligible to open a current account at YES BANK?

The following entities are eligible to enroll for a current account:

  • Resident Individual
  • Hindu Undivided Family
  • Sole Proprietorship Firms
  • Partnership Firms
  • Limited Liability Partnership Firm
  • Private & Public Limited Companies
  • Any Other Category Eligible to Open Current Accounts

What if I already have a current account at YES BANK?

If you already have a current account with us, you could:

  • Upgrade your existing product to a higher transaction limit

  • Seek guidance from our trade finance professionals to route your Trade-Forex transactions. Our expert knowledge-based solutions at competitive market rates could help in business growth through investment banking opportunities

  • Track your funds anytime from anywhere by using our online banking services

  • Avail free Demand Drafts every month across India

What are the charges of YES BANK current accounts?

The minimum Average Quarterly Balance required to be maintained is as follows:

  • Edge Business – INR 25,000
  • Prime Business – INR 1,00,000
  • Exclusive – INR 5,00,000

For not meeting this minimum requirement, the non-maintenance charge in each case is INR 1,500.

Furthermore, cash deposits are free up to a limit, depending upon the product selected by you. If you exceed this limit, you shall be charged INR 3/1000 (for a minimum of 50 transactions) in each of the products.

 
 

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