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Money Matters

Digital Savings Account|How to Open Digital Savings Account Online|YES BANK

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The world is obsessed with time. In fact, in the fast-paced life today, time is money. It is the paucity of time that has given birth to several business ideas and services. People are ready to pay a huge sum of money only to save on their time. This reflects how crucial the value of time is. People increasingly desire convenience and only want to opt for services and products, which are available at the click of a button.

Especially in the banking space, customers do not prefer standing in queues for long-hours for basic services, such as opening accounts, transferring money, getting loans, withdrawing cash, etc. Moreover, given the current COVID-19 situation, people increasingly prefer to avail banking services, like opening accounts, from the comfort and safety of their homes.


Introducing YES Digital Savings account

In such a scenario, recognising the need of people, and placing their time and safety at utmost importance, YES BANK has launched its Digital Savings Account. You can open this account from the convenience of your home. There is no need to physically visit any YES BANK branch, which saves time and assures safety, especially in the current situation.

YES BANK’s Digital Savings Account is fast, easy, secure and absolutely paperless. That is not all; you also earn attractive interest rates, along with exciting onboard offers and a virtual debit card to pay for all your expenses.


Key features and benefits of YES Digital Savings account

  • Instant availability: Opening YES Digital Savings account is safe, easy, quick and paperless. You only need to fill in basic details and complete video KYC by showing the original documents to YES BANK’s staff on video call. Once approved, you can start transacting in minutes. You can instantly add beneficiaries, set up standing instructions, create your UPI or register for bill payment, and do much more.

  • Value for money: YES Digital Savings account provides you value for money by offering attractive interest rates on the account balance. Moreover, you get quarterly interest pay-outs.

  • Exciting onboard offers: Upon activation of the account, you get exciting onboard offers worth more than ₹16,000. Moreover, you also get enhanced personal accident cover (₹2 lacs), purchase protection (₹25,000) and lost card liability (₹50,000) linked to your virtual debit card.

  • Virtual debit card: With YES Digital Savings account, you get a lifetime free VISA platinum virtual debit card. The card can be used instantly for all online shopping and payments. It has a high daily transaction limit of ₹50,000.

  • Free digital transactions:YES Digital Savings account allows you to make cost-free NEFT, RTGS and UPI transfers via Net Banking and Mobile Banking. You can download the YES BANK Mobile app from Google Play or Apple App Store. For assistance, YES BANK also offers a 24x7 Personal Banking Assistant for basic monetary transactions like pay bills, recharge, etc. You also get free e-statement facility.


YES BANK understands the value of your time and safety. And thus, aims to provide superior services that best match your needs. With YES Digital Savings account, you can avail hassle-free and instant access to safe digital banking services. Apply for savings account online while sitting at home.

The world of digital technology is advancing exponentially and changing the face of business and services. Moreover, given the scarcity of time, it is important to embrace the change as soon as possible. A YES Digital Savings account provides you with full power, secure banking services at your convenience. It is an effective step towards a secure, time-efficient and next-generation banking.

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