Payroll Card by YES BANK

PAYROLL CARD

Simplified and hassle-free salary disbursals

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The YES BANK Payroll Card is a rupee denominated prepaid card for disbursing your employees salaries in a more simpler and systematic manner. Pre-funded by the organization, the YES BANK Payroll Card lets the company issue payment by card instead of disbursing cash or cheques to its employees. By facilitating cash withdrawal at any ATM in India and point-of-sale transactions at all merchant outlets supporting MasterCard transactions, the Payroll Card eliminates the need for a separate salary account.

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key attractions

NO BANK ACCOUNT

No bank account required.

NO MINIMUM BALANCE

Make salary payouts without maintaining any minimum balance.

WIDE REACH

Wide acceptance at merchants and cash withdrawal at any ATM in India

Benefits

This is a prepaid rupee denominated reloadable MasterCard Card with a validity of 5 years
Accepted across all YES BANK ATMs in India and any ATM that accepts MasterCard .(Can be used only to perform domestic transactions)
Accepted at any Merchant that accepts MasterCard in India
No bank account or average quarterly balance maintenance is required
Daily cash withdrawal at ATMs: INR 10,000 and daily POS transaction limit: INR 20,000

Terms & Conditions (English) (Hindi) (Marathi) (Gujarati) (Punjabi) (Tamil) (Telugu) (Kannada) (Malayalam)

Most Important Terms & Condition – check here (Hindi)

Most Important Terms & Condition – check here (English)

Key Charges

Services	Charges
Card Issuance Fee*	INR 200
Card Replacement Fee	INR 100
Cash Withdrawal Fee (at Non-YES Bank ATMs)	INR 20
ATM Balance Enquiry Fee (at Non-YES Bank ATMs)	INR 8
ATM PIN Regeneration Fee	INR 25