Product Details
Bank Name
Yes Bank
Account Name
YES Pro Max Savings Account
Account Type
Saving account
Interest Rate
Upto 1 lakh: 3.00%, above 1 lakh but less than 5 lakh: 4.00%, above 5 lakhs but less than 10 lakhs: 5%. Above Rs. 10 Lakh: 7%.
Free Debit Card
Yes, Explore Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 50,000.
Debit Card Charges
First-year annual fee waiver.
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
YES Pro Max Savings Account
Special Features
Lifestyle benefits up to Rs. 1.17 lakhs.
Users can earn up to 25,000 YES Rewardz in a year.
Discounts on Locker rentals and Demat AMC.
Eligibility Criteria
To be eligible for a PRO Max Savings Account, the applicant need to be a resident of India who is over 18 years old.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Lifestyle benefits up to Rs. 1.17 lakhs.
Users can earn up to 25,000 YES Rewardz in a year.
Discounts on Locker rentals and Demat AMC.
24/7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility.
Free SMS & Email alert facility.
Cons
High Average Monthly Balance (AMB) requirements.
YES Pro Max Savings Account
The account offer low interest rate for balance upto INR 10 Lakh. For balance above INR 10 Lakh, it offers a decent interest rate of 7%. The account comes with a number of value add benefits. Overall individuals maintaining balance above INR 10 Lakh can consider it.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Online:
Visit the Yes Bank website: Go to the Yes Bank homepage and click on "Open an Account."
Select "Savings Account": Choose the "Savings Account" option from the available choices.
Fill in the application form: Provide all the required details accurately in the online application form.
Submit the form: Once you have filled in all the necessary details, submit the application form.
Generate your account number: You will be able to generate your own account number, which will be used for future banking transactions.
2. Offline:
Visit a Yes Bank branch: Go to your nearest Yes Bank branch and request an account opening form.
Fill out the form: Fill in the application form with all the required details.
Submit the form: Submit the completed application form along with the necessary documents.
Documents required:
Identity proof: PAN card, Aadhaar card, Voter ID, Driving License, Passport, etc.
Address proof: Passport, Aadhaar card, Voter ID, Driving License, Utility bills, etc.Recent passport-size photographs