Yes Bank Revises Savings Account Rates: Check Latest Rates Here

Yes Bank has announced interest rate revision on its savings bank deposits. According to the bank, the new interest rates will be applicable to regular, senior citizen, rural, semi-urban and urban savings accounts. Following the revision the bank is now offering a maximum interest rate of 7% on savings accounts. As per the official website of the bank, the new savings account rates are effective as of 21st August 2023.

Yes Bank Savings Account Interest Rates

On the daily balance of the savings account of Rs1 Lac, the bank is offering an interest rate of 3.50% and on the daily closing of savings account balance of Rs 1 Lac to Rs 5 lacs, Yes Bank is offering an interest rate of 4.25%. Yes Bank is offering an interest rate of 5.00% on a daily balance of Rs 5 Lac to Rs 10 lacs and a maximum interest rate of 7.00% on a daily closing balance of Rs 10 lacs to Rs 5 Cr. An interest rate of 6.00% will be applicable on a daily closing balance of Rs 5 Cr to Rs 25 Cr.

In addition to reward points related to different transactions, lifestyle and privilege offers, trading and portfolio solutions, special banking facilities for senior citizens, along with competitive interest rates, YES BANK savings accounts offer loyalty reward points for select banking transactions.

YES BANK provides safe and secure Net banking, mobile banking facility including savings account interest rates up to 7.00% p.a., which is higher than most other private banks in India.

Benefits of a Yes Bank savings account include free ATM withdrawals from Yes Bank ATMs, free RTGS/NEFT through Net Banking and Mobile Banking, easy banking at all Yes Bank branches, free demand drafts up to predetermined limits, free Email/E-statement facility, YES ROBOT a 24-hour personal banking Assistant, and many more.

Both online and offline methods of opening a savings account at Yes Bank are available. The registration procedure at YES BANK is hassle-free; all you need to submit is a duly-filled account opening form, PAN Card/Form 60, recent passport-size photographs of the applicant, proof of identification and signature and proof of address. The following documents are accepted by Yes Bank for address and signature, proof of Identity: PAN Card, Valid Driving Licence, Passport, Voter's ID, Aadhaar Card, and National Rural Employment Guarantee Scheme (NREGA) Card.

The following documents are accepted by Yes Bank for address and signature, proof of Identity: PAN Card, Valid Driving Licence, Passport, Voter's ID, Aadhaar Card, and National Rural Employment Guarantee Scheme (NREGA) Card. Customers should be aware that while opening a savings account with Yes Bank offline, all documents must be self-attested copies, and the originals need to be taken to the bank for verification.