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How to choose the right type of Savings Account Online for you|YES BANK

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Want to open a savings account but not sure which one? This guide will help you choose the best savings bank account in India for you. Also, if you need help in figuring how to open a new savings account, continue reading.

Types of savings account at YES BANK

At YES BANK, we offer 5 different types of savings accounts. The chart mentioned below will give you an overview of the features of these saving accounts:

  1. Customizable Savings A/C

  2. Savings Value

  3. Smart Salary Platinum

  4. Smart Salary Exclusive

  5. Smart Salary Advantage

Click here to know about other variant of Saving Accounts.

A/C Type

Customizable Savings A/C

Savings Value

Smart Salary Platinum

Smart Salary Exclusive

Smart Salary Advantage

Features

- Protect the customer against unwarranted charges.

- Maximum tax exemption benefit

- Balance Non-Maintenance Charges: None

- Tax-free interest income up to Rs. 40,000

- Options of choosing between a range of cards

- Exclusive benefits and Offers on YES BANK products 

-Zero balance savings account

-Tax-free interest income up to Rs. 40,000

-Free Personal Accident Death Cover of Rs. 15 Lacs

-Zero balance savings account

-Tax-free interest income up to Rs. 40,000 on savings account

-Personal Accident Insurance Cover of Rs. 5 Lacs

 

-Zero balance savings account

-Tax-free interest income up to Rs. 40,000 on savings account

-Personal Accident Insurance Cover of Rs. 2 Lacs

 

Interest Rate

YES BANK offers attractive rate* of interest on Savings Account.

Disclaimer: * Savings Account interest rates are subject to change at the sole discretion of YES BANK. Conditions apply. For latest savings interest rate please click here

Understand the different features of savings account At YES BANK

1. Customizable Savings Account: This innovative financial solution allows customers to customise the savings account of their dreams in four easy steps. Customers can open a savings account at any YES BANK branch by simply choosing the debit card, pricing options, account packages and YES delights that suit their needs the best.

  • The debit cards customers can choose from include:

    • YES Prosperity RuPay Domestic Card

    • YES Prosperity Titanium Card

    • YES Prosperity Titanium Plus Card

    • YES Prosperity Platinum Card

  • Pricing options available include the power to choose an alternative to the minimum balance in savings account requirement such as investment in fixed deposit or through a standing Instruction towards Mutual Funds or opening a CA which can all be utilized to replace the Average Monthly Balance (AMB) requirement.

  • You can also avail YES Delights, which are complimentary offers on other YES BANK products, such as discounts on lockers. (These offers are only available for 90 days after you opens your savings account with us).

  • This completely customizable savings account not only protects you against unnecessary charges of features unused but also offers attractive interest rate*.

The customised savings account offered by YES BANK aims to empower customers to put their financial needs first and offers superior banking services to meet these needs.

2. YES Savings Value Account: This savings account aims to provide customers with complete value for money. The main features that make this savings account attractive for customers are its minimum balance requirement, high-interest rate, and tax-free returns.

  • Not only do customers earn the attractive interest rate* which are paid out quarterly, but they also have the added benefit of having tax-free interest income up to Rs. 40,000 on the savings account.

  • In addition to this, customers also have services such as:

    • free utility bill payment facility through net banking

    • free Demand Draft issues

    • free RTGS and NEFT payment facility

The account offers the best of online banking for customers at no additional cost.

3. Smart Salary Advantage Savings Account: You can opt for YES BANK’s Smart Salary Advantage Account, which offers a variety of benefits and banking services, designed to meet your financial needs and requirements. As part of the Smart Salary Account, you get access to a host of services:

  • The account has a nil minimum balance requirement, subject to monthly salary credits

  • Free and unlimited transactions at any YES BANK ATMs across the country, along with monthly five free transactions at any other bank’s ATMs in India

  • A free Demat account with standard AMC & NSDL charges applicable

  • The complementary debit card offers accidental death cover, lost card liability and purchase protection

4. Smart Salary Exclusive Savings Account: YES BANK also offers the Smart Salary Exclusive account, designed to help you take advantage of YES BANK’s high rate of interest, best-in-class features along with:

  • Nil minimum balance requirement, subject to monthly salary credits

  • Free unlimited transactions at YES BANK ATMs as well as any other bank’s ATMs in India

  • A free Demat account with 50% AMC Waiver for 1st year, NSDL charges applicable

  • Access to mobile and SMS banking to help you stay updated with account activity when you are on the go

  • In addition to this, you can also enjoy exclusive online banking services such as YES BANK Pay Now, instant money transfers and one view of all your savings, mutual funds and other accounts through YES BANK Net Banking facility

5. Smart Salary Platinum Savings Account: A savings account designed for the working individual with extra benefits, best-in-class service along with many more privileges. Not only does the Smart Salary Platinum account offers you the advantages of YES BANK’s attractive rate of interest* and tax-free investment income up to Rs.40,000, but also has other exclusive perks only for you:

  • Nil minimum balance requirement, subject to monthly salary credits

  • Free unlimited transactions at YES BANK ATMs as well as any other bank’s ATMs in India

  • Investment Advisory on Mutual Funds, NCDs and Structured Products

  • A free Demat account with 100% AMC Waiver for 1st year, NSDL charges applicable

  • Complementary debit card with personal accident death cover, lost card liability as well as purchase protection

  • In addition to this, you also enjoy the benefits of online banking, including, YES BANK’s Pay Now service, which offers you the convenience of:

    • Recharging your phone, DTH

    • Paying bills, including loan EMI’s and insurance premiums all in one compact place.

The exhaustive list of services offered by the Smart Salary Platinum account are the best offered by any other bank in the market.

The comparison above would have helped you in identifying which savings account is best for you. Now, if you want to open an online savings account, these are the documents you will require:

  1. PAN Card

  2. Valid Driving License

  3. Valid Passport

  4. Voter’s ID

  5. Aadhaar Card

  6. E-Aadhaar (downloaded from UIDAI website)

Once you have gathered all your documents, here is the process of opening a savings account online or offline.

  • Avail the form

  • Fill the form correctly and upload/submit relevant documents

  • Once your application is under process, an executive may get in touch with you to verify the details. Once your application is successfully processed, we will send a welcome kit to your mailing address.

If you feel the need for additional assistance for opening a savings account, visit a YES BANK near you or get more information here: www.yesbank.in

* Savings Account interest rates are subject to change at the sole discretion of YES BANK. Conditions apply. For latest savings interest rate please click here

 

 

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