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Savings Accounts

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  • Mobile and SMS banking

  • Unlimited access to ATMs

  • Debit cum ATM card

  • Free utility bill payment

  • Savings Rewards

Choose from a range of exclusive YES Bank Savings Accounts which best suites your banking needs and start investing towards yourself, enhances your family & work life with personalized offers and benefits.


Discontinued Saving Accounts:

What is a Savings Account?

A savings account is the most common form of an interest-generating deposit account which is held with a bank or NBFC that provides a reasonable rate of interest for money deposited into the account by the customer.


Why should you open a savings account?

A savings account is a safe way to store money while earning interest on the money deposited. It is easy to open and operate. Having a savings account makes the money easily available to you. Thus, your savings account also serves as an emergency fund.

Commonly known features of a savings account:

  • Save your money: It is advisable for customers to keep money in Savings Account so that they earn at least a minimum amount of interest from the funds earmarked for their day to day expenses.

  • Quick access and easy withdrawal: Savings accounts are also one of the most liquid forms of investment this means, while you are saving and making sure your money grows, you also have easy and direct access to it, in case of emergency or any other need.

  • With a savings account, one gets access to Debit Card and Digital platforms such as Mobile banking & Net Banking which enables a person to enjoy cashless transactions.

  • Funds for a rainy-day: As a rule of thumb, financial experts recommend that customers have enough savings in their rainy-day fund to be able to cover three-six months of bills. However, it is important to note that several analysts recommend keeping excess money in higher interest generating Savings accounts.


Why open a YES Bank Savings Account?

YES BANK savings account comes with host of banking benefits designed specifically to meet your day to day financial requirements and savings goals.

The curated customized savings account offered by YES BANK comes with a rewarding banking experience, which also includes reward points for various transactions, lifestyle and privilege offers, trading and portfolio solutions, flexible easy accounts management, special banking facilities for senior citizens, along with competitive interest rate.

You can use our safe & secure Net banking & Mobile banking facility to make quick Fund Transfers & utility bill payments anytime anywhere.

YES BANK offers savings account interest rate at 5.5% p.a.* which is higher than most bank in India. This helps your savings to grow faster.

Important features and benefit of a YES Bank Savings Account

Adding value

  • Higher interest rate of 5.5% p.a.* on your Savings Account

  • Different savings account for different banking needs

  • Loyalty reward points for select banking transactions

Convenience in Banking

  • Free ATM withdrawals at YES BANK ATMs

  • Free RTGS/NEFT through Net Banking & Mobile banking

  • Make hassle free online bill and utility payments

  • Free Anywhere Banking across all YES BANK branches

  • Free Demand Drafts up to pre-specified limits

  • Register for free Email/E-statement facility

  • YES ROBOT: 24*7 Personal Banking Assistant to create Fixed Deposits, pay bills, send money, do recharges, check balances


What is the eligibility Criteria for opening a savings account at YES BANK?

The following are the eligibility criteria for opening a resident savings bank account:

Eligibility criteria

  • Resident Individuals

  • Foreign nationals residing in India


  • 18 years & Above

  • YES BANK also offer minor accounts that are self-operated or jointly operated with a parent or guardian.


How to open a YES BANK savings account online?

YES Bank savings account opening is easy and hassle-free with options to fill an application online on our YES Bank website. If you apply online, you have the added advantage of a quick and hassle-free doorstep documentation process. In other words, the bank comes to you!

You’ll generally need to provide the following information to open your savings account:

  • Full Name

  • Mobile No & Email id

  • State & City Name

You will receive an Instant Call back during Business Hours i.e. 09:30 AM IST to 08:00 PM IST except Sunday, 2nd & 4th Saturdays, and Public Holidays.


How to open a YES BANK savings account offline?

You can also walk into any nearest YES Bank branch with your KYC documents.

For list of KYC documents required for YES BANK Savings Account, please click here


What are the various types of Savings Accounts offered by YES BANK?

At YES BANK, we understand you, and offer services which are unique to each. With YES BANK, you have a host of savings accounts to choose from.

1. Customisable Savings Account: YES BANK brings, first of its kind, ALL NEW CUSTOMIZABLE Savings Account that gives the customer, the POWER TO CHOOSE, instead of offering off-the-shelf products. For detail click here

2. YES GRACE Savings Account: At YES BANK, we understand that as a woman, she has various duties to perform. We cherish her contribution in every wake of life and therefore we propose a unique savings account specific to women with host of offers & benefits. For detail click here

3. XLRATE Savings Account: At YES BANK, we understand the need for higher return on your idle savings balances. XLRATE Savings account provides you higher return as Fixed Deposit combined with the liquidity of Savings account. For detail click here

4. YES RESPECT Savings Account: We at Yes Bank understand that our seniors have laid the foundation for us to move ahead & it’s our turn now to show our gratitude & respect. Hence, Yes Bank presents YES RESPECT – A banking proposition exclusively for Senior Citizens. For detail click here

5. My First YES Savings Account: Watch money grow in your child's piggy bank with My First YES Account, which gives you the benefit of higher returns along with an opportunity to guide your child to manage their savings. For detail click here

6. 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. For detail click here


What is meant by Average Monthly Balance requirement?

AMB is the average of all the closing-day balances in a given month. This balance is the specified amount that a customer must have in savings account to receive some service benefits, such as receiving interest.


How Savings Account Average Monthly Balance (AMB) is calculated?

To calculate the AMB, add each day's end-of-the-day balance in your savings account and divide it by the number of days in that month.

AMB = (Sum of all the EOD closing balances) / (number of days in a month)
For e.g.;
Assuming, a savings account AMB requirement is Rs 10,000:
On January 1, the balance in the savings account is Rs 10,000.
On January 12, withdrawal of Rs 4,000 takes place. EOD balance is Rs 6,000.
On January 18, deposit of Rs 10,000 takes place. EOD balance is Rs 17,000.
Summing up the EOD balances: For 11 days-from July 1 to July 12-sum of EOD balance will be Rs (10,000*11) = Rs 1,10,000
From July 12 to July 18, sum of EOD balances will be Rs (6,000*6) = Rs 36,000
From July 18 to July 31, sum of EOD balances will be Rs (17,000*13) = Rs 2,21,000.
Sum of all the EOD closing balances = Rs 3,67,000
Total number of days in July = 31
So, the minimum average balance will be 204000/31 i.e. Rs 11,838.70


What is the minimum balance that I need to maintain in my Savings Account at YES BANK?

You can refer the Welcome Letter received at the time of your savings account opening or refer simply refer the schedule of charges updated on YES BANK website (


At what rate will I earn interest on the balance in my YES BANK Savings Account?

YES Bank provides Attractive Interest Rate on your Savings Account.

* 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


When is interest credited to the Savings Account?

Interest in your savings account will be calculated daily and credited quarterly. For detail click here


How can I know more about fees and charges applicable on my savings account?

You can get complete details about the fees and charge applicable on your savings account by referring the ‘rates and charges’ tab in the savings account section of our YES BANK website. For detail click here


Can I deposit/withdraw cash in any other city where I do not have a savings account?

Customers can make deposits into their savings account over the counter at a YES BANK branch or simply through an automatic transfer set up from any other bank account or by having a portion of their salary transferred into the savings account every month through standing instruction facility.

To withdraw money from the savings account, customers can either visit a branch, make an online electronic transfer of funds or use an automated teller machine (ATM). For charges detail click here

Yes, you can also withdraw cash using any YES BANK Debit Card (except Rupay Card) at any YES Bank or any other bank's ATM in India or overseas.

(A transaction fee may be applicable for withdrawals from non-YES Bank ATMs in India and from any ATM overseas according to current schedule of charges updated on YES Bank website).


Can I use any YES BANK branch across India to operate my savings account?

Yes, you can access and operate your savings account from any branch of YES BANK across India. You can also electronically transfer funds from one savings account to another account in any YES BANK branch across cities. You can withdraw and deposit cash at any YES BANK branch.


What are the different ways I can transfer money from one savings account to another?

In case of domestic transfers i.e. transfer of money from one savings bank account to another in India; you can do any of the following:

  • Cash/Cheque Deposit

  • NEFT/RTGS/UPI Transfer

  • IMPS – Interbank Mobile Payment Services


What is NEFT Transfer?

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme. There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT


What is a RTGS Transfer?

The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received; 'Gross Settlement' means that the settlement of funds transfer instructions occurs individually. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs 2,00,000/- with no upper or maximum ceiling.


What is IMPS?

IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero).

IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches. The service is available 24 hours a day and even on Public Holidays. The IMPS transfer system has now been extended beyond customer to customer transfer to include bill payments such as merchant payments as well. There are charges applicable for this service and these charges may vary slightly from one bank to another.


How can I get the details of transactions done in my savings account online?

You can get the details of all the transactions done in your savings account by logging in Net banking or Mobile Banking and downloading the savings account statement for the specified period

You can also get details of last 10 transactions in your savings account by logging in mobile banking application.


Can I access my savings account detail when I am out of India or travelling in India?

Yes, you can check both the balances in your account as well as your transaction history at any of our branches or ATMs.

Moreover, you can also apply for our Internet Banking, Mobile Banking or Phone Banking facility which will give you access to your account balances and other services anytime, anywhere.


When will I receive my savings account statement?

You will receive your savings account e-statement monthly subject to valid email id updated ith the YES BANK. You can also get your passbook updated at YES BANK branches.


How can I request for Physical copy of bank statement?

Your bank account statement can be downloaded using the net banking/mobile banking facility offered by YES BANK. However, if you have not registered yourself as a net banking/mobile banking customer, you can alternatively, request your bank using telephone banking to send your bank statement. The statement will be delivered to your registered home address with 7 working days. For schedule of charges, please click here


What does an ATM cum Debit Card do?

An ATM card cum debit card allows you to carry out multiple transactions using the balance deposited in your savings account. Firstly, you can withdraw cash at any YES BANK ATM any time of the day using such a card linked to your savings account. Additional transactions at the ATM using your card may include mobile phone recharge, bill payment, transfer of money to another person and much more. Apart from the ATM-based transactions, you can also carryout purchases using your ATM cum debit card at any POS (point of sales) machines at stores, restaurants, etc.


Can I use my ATM cum Debit card for online purchases?

Yes an ATM cum debit card can be used for online purchases. However, you will have to register with MasterCard Secure Code, Verified by VISA or a similar service in order to complete the online purchase process. Using your debit card for purchases can earn you rewards such as cash back or reward points on your purchase.


Can I use my ATM cum Debit card for international purchases?

Yes. All YES BANK ATM cum Debit cards (except Rupay Card) are enabled with international payments support. However, you may have to let YES Bank branch of Phone Banking official know that you intend to use your card at a location outside of India so that any block that may be present is removed before you use your ATM cum debit card overseas.


How do I activate a ‘Dormant’ Savings Account?

In order to activate a dormant savings account, you will have to:

  1. Contact your nearest YES BANK branch in person

  2. Submit a written request for activation of your dormant savings account

  3. Produce and submit copies of current proof of identity and address for verification

  4. Initiate a transaction using cash or cheque to activate your savings account again


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Open Savings Account

Contact No should not start with 0
Thank you for your interest in YES BANK’s Savings Account. Our representative will get in touch with you shortly

You may be eligible for a pre approved loan.
Login to NetBanking