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YES Bank Savings Account Interest Rates 2024: How to Open YES Bank Savings Account?

Post Last Updates by Ankit: Friday, March 1, 2024 @ 10:43 AM

YES Bank Savings Account Interest Rates 2024: How to Open YES Bank Savings Account?

YES Bank: Tailored Savings Accounts with Competitive Interest Rates

News: In today’s fast-paced world, having a reliable savings account is essential. YES Bank, with its robust technological infrastructure, offers seamless and convenient banking services to a large customer base. Let’s explore the key benefits of YES Bank savings accounts, including interest rates and how to open an account.

Recent YES Bank Savings Account Interest Rates (2024)

Here are the current interest rates offered by YES Bank for savings accounts:

  • Balance ₹5 crores to less than ₹25 crores: 6% per annum
  • Balance ₹10 lakhs to less than ₹5 crores: 7% per annum
  • Balance ₹5 lakhs to less than ₹10 lakhs: 5% per annum
  • Balance ₹1 lakh to less than ₹5 lakhs: 4.25% per annum
  • Balance up to ₹1 lakh: 3.50% per annum

Minimum Balance Requirements

To open a YES Bank savings account, you need to maintain a minimum average monthly balance. Here’s a quick overview of the minimum balance requirements for different types of YES Bank savings accounts:

  • YES PRO Max Savings Account: ₹50,000
  • YES Essence Savings Account: ₹25,000
  • MY First YES Savings Account: ₹2,500
  • Pradhan Mantri Jan Dhan Yojana Account: No minimum balance
  • YES Digital Savings Account: ₹10,000
  • YES PRO Plus Savings Account: ₹25,000
  • YES Respect Savings Account: ₹25,000
  • YES PRO Savings Account: ₹10,000
  • Senior Citizen Savings Account: ₹25,000

Why Choose a YES Bank Savings Account?

  • Higher Returns: YES Bank offers competitive interest rates, ensuring your deposited money grows steadily.
  • Quarterly Payout: You can avail of quarterly interest payouts.
  • Free Demand Drafts: Get demand drafts issued for free via net banking or branches.
  • Utility Bill Payments: Enjoy free utility bill payments through net banking.
  • Free Debit Card: YES Bank provides a free debit cum ATM card with exciting offers.

Additional Benefits

In addition to the above, YES Bank savings accounts come with other perks, such as easy account management, personalized services, and a hassle-free process for opening an account.

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How to Open a YES Bank Savings Account?

Online Process

  1. Visit the YES Bank website.
  2. Choose the savings account type that suits your needs.
  3. Fill in the required details.
  4. Complete the Video KYC (VKYC) process online.

Offline Process

  1. Visit a YES Bank branch.
  2. Speak to a bank representative.
  3. Provide the necessary documents.
  4. Complete the account opening process.

Eligibility Criteria

To open a YES Bank savings account, you need to meet the following eligibility criteria:

  • Age: 18 years or above
  • Indian resident or NRI
  • Valid identity and address proof

Required Documents

Ensure you have the following documents:

Proof of Identity: Aadhaar card, passport, or any other government-issued ID.

Proof of Address: Utility bills, rental agreement, or other valid address proofs.

YES Bank offers attractive interest rates, flexibility, and convenience. Whether you’re a tech-savvy individual or prefer traditional banking, YES Bank has a savings account tailored for you. 


Q: Can I switch my savings account type after starting it with YES Bank?

A: Absolutely! You have the flexibility to change your savings account type at YES Bank. Just keep in mind that there might be some conditions to meet. To get all the details, it’s best to reach out directly to YES Bank.

Q: What do I need to qualify for opening a savings account at YES Bank?

A: The eligibility criteria can differ based on the type of account you’re interested in. To find out the specific requirements, you can either check the official YES Bank website or get in touch with the bank directly.

Q: How much time does it take to get a savings account with YES Bank?

A: The time it takes to open a savings account at YES Bank can vary, depending on whether you’re doing it online or offline, and how quickly you complete all the necessary paperwork. For the most accurate estimate, it’s a good idea to contact YES Bank directly.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.

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