At YES BANK, we understand the importance and need of new age digital banking. Thus we bring to you YES Digital Salary Account which is a fully loaded new age digital banking account. It is opened instantly and comes with a free Virtual Debit Card, free online transactions and many lifestyle offers & benefits. You can open a digital account without visiting any YES BANK branch.
Options for Full KYC account (which enables to complete KYC through Video interaction) as well as Limited KYC account* is available
Limited KYC Account – Opened instantly with the below restrictions:
Total cumulative credits allowed – INR 2 lacs in a year
Maximum Balance allowed at any given point in time – INR 1 lac
Time to complete full KYC through branch visit– 12 months
Full KYC Account – Customer has the option to complete Video KYC during the digital journey and can start transacting post completion of Video KYC without any restriction.
Contactless online hassle free account opening
Free NEFT, RTGS & UPI transfers through Net Banking & Mobile Banking.
YES ROBOT - 24*7 Personal Banking Assistant to create Fixed Deposits, pay bills, send money, do recharges, check balances.
Lifetime Free Visa Platinum Virtual Debit Card with personal accident, purchase protection & lost card liability cover.
Lifetime Free Visa Platinum Virtual Debit Card
No annual fee
Lost card liability of INR 50,000
Purchase protection of INR 25,000
Personal Accident cover of INR 2 lacs
Clcik Here to know more.
Free NEFT, RTGS & UPI
Free NEFT, RTGS & IMPS transfers through Net Banking & Mobile Banking
Please visit the portal here to initiate the process of account opening
Resident Individuals above the age of 18 employed in a corporate empaneled with YES BANK can open Digital Salary accounts through the portal
Update your HR with your account number to ensure regular salary credits.
Currently, only new to YES Bank Customers can open digital salary account through this portal.
Only Single holders can open account digitally, for any joint accounts, please visit nearby YES Bank Branch.
Balance requirement of Digital Salary Account is NIL subject to regular monthly salary credits in the account.
Please find the SOC at https://www.yesbank.in/rates-and-charges
Aadhaar and PAN are mandatory to open Digital Salary Account
YES, Mobile number and Email ID are mandatory and are authenticated while opening the account.
Customer ID and Account number are provided instantly after submission of completed account opening application on the portal.
Limited KYC account with restrictions will be activated once you complete and submit the form in the portal. Full KYC account is activated after successful completion of video KYC.
Virtual Debit card is issued and sent to your registered email ID. Request for a physical debit card can be placed through Retail Netbanking, Mobile banking or Branch
While the preferred banking branch can be selected while account opening, you can approach any nearby YES BANK Branch for any banking transaction
Follow the steps below
Go to www.yesbank.in > Login > Retail. Keep your YES BANK Debit Card and PIN handy.
In Login ID, enter your Customer ID
Enter your 16 digit Debit card number and PIN
Make sure your mobile number is registered with us to receive OTP (one time password)
Set your password as guided on NetBanking screen.
Follow the steps below
Visit Play Store and download YES MOBILE
Register using Retail Netbanking Credentials
OR
Register using Debit card number and PIN
For Full KYC Digital Salary account, Cheque book is not issued by default. Request can be placed through Retail Netbanking, Mobile banking or Branch.
Full KYC Account will be active only after successful video KYC
Total balance in the account cannot be more than Rs 1 Lacs at any point in time
Aggregate credits cannot be more than 2 Lacs in a financial year.
Following services will not be provided:
Fixed Deposit/Recurring Deposit
DD/ DD- FCY issuance
Cheque issuance/ withdrawal
Investment account
Fixed Deposit/Recurring Deposit
Overdraft facility
Sweep in/ out facility
Investment in IPO
Above stated services are only provided after completing KYC verification through a Video Call or by visiting any branch and completing face to face KYC verification.
You can convert Limited KYC Salary Account into a Full KYC Salary account by visiting any branch and completing face to face KYC verification.
If you are unable to complete the KYC verification within one year of account opening, bank reserves its right to close the account with prior notification
No, any kind of transactions at Branch is not possible without completion of KYC verification process.
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more
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