Yes Bank revises savings account charges with effect from May 1, 2024

Yes Bank, a private sector lender, has revised its savings account charges schedule. According to Yes Bank’s official website, the schedule will be effective May 1, 2024. The bank has also discontinued a few accounts.

Yes Bank discontinued new account openings, as per website.

• Savings Exclusive
• YES Savings Select /XLRATE SA
• Savings Advantage/ Yes Grace / Yes Prosperity Prime/Ascent/Crest
• Yes Respect (for Sn. Citizen)
• Savings PRO (Limited KYC)

Yes Bank savings account interest rates

Yes Bank offers an interest rate between 3-7%% depending on the savings account balances. The rates are the same for regular, senior citizens, rural, semi urban, urban. The rates are effective from January 1, 2024.


Also read: RTGS, NEFT charges of big banks in April 2024 compared: SBI, HDFC Bank, ICICI Bank, PNB

Yes Bank savings account schedule of charges

According to the Yes Bank website, “AMB requirement, as defined by YES BANK from time to time, at select locations;

• Rs. 50,000 for Savings Account PRO Max, the maximum charge is Rs 1,000
• Rs. 25000 for Savings Account Pro Plus / Yes Essence SA YES Respect SA, the maximum charge is Rs 750
• RS 10,000 for Savings Account PRO, maximum charge is Rs 750
• Rs 5000 for Savings Value / Kisan SA, maximum charge is Rs 500
• Rs 2500 for My First YES, maximum charge is Rs 250

Account Service Charge
If Balance maintained is

• 1. >= 100% of the requirement- NIL
• 2. >50% of the requirement- 5% of balance shortfall
• 3. <= 50% of the requirement - 10% of balance shortfall, 5% of balance shortfall for Savings Value

According to the Yes Bank website, “^AMB requirement, as defined by YES BANK from time to time, at select locations, is Rs. 5000 for YES Grace, Rs. 2500 for YES Respect and Rs. 2500 for YES Value. For Kisan Savings A/c, Average Yearly Balance (AYB) of Rs. 1000 is required at all locations. For Savings value where AMB requirement is Rs. 2500, Maximum Charges for non-maintenance of balances is capped at Rs. 125 per month. For Kisan Savings A/c, Charges would be Rs. 100 per annum.”

RTGS, NEFT, IMPS charges of Savings Account and Savings PRO (Limited KYC)

Cheque book and other charges

Charges on ATM cum Debit Card for savings account
Debit Card & Annual Fee
· Element Debit Card: Rs. 299
· Engage Debit Card: Rs. 399
· Explore Debit Card: Rs. 599
· Rupay Debit Card (Only for Kisan account): Rs. 149
At other bank ATMs in India

• First 5 transactions free per month;
• thereafter Financial Transaction - Rs. 21 per transaction
• Non-financial Transaction- Rs. 10 per transaction

Miscellaneous Service Charges