Yes Bank Savings Account Charges 2023: Yes Bank has changed the charges on ATM Debit Card Charge, Miscellaneous Service Charge, Passbook related charges, free transactions and charges on banking services.
Yes Bank, one of the largest private sector lenders, has changed its savings account charges structure. At the same time, opening of new accounts in 5 categories of savings account has been stopped. Along with this, the bank has made changes in ATM debit card charges, miscellaneous service charges, passbook related charges, free transactions and charges on banking services.
According to the bank, new charges for savings account related services have been made effective from 1 April 2023. After the change in the new service charge, customers will have to pay more fees in some cases.
Rs 125 charges for non-maintenance of savings account balance
As per the website of Yes Bank, the AMB requirement has been broken down in rupees at select locations from time to time. According to the bank, Rs 5000 has been fixed for Yes Grace, Rs 2500 for Yes Respect and Rs 2500 for Yes Value. 1000 is required for Kisan Savings Account. Maximum charges of Rs 125 per month will be applicable for non-maintenance of balance in the account.
Savings Account Interest Rate and Debit Card Charges
Yes Bank offers an interest rate between 4 per cent to 6.25 per cent depending on the balance in the savings account. The rates have been kept the same for customers in regular, senior citizens, rural, semi-urban and urban areas. At the same time, the bank has revised the fee of Rs 149 for some debit card variants given earlier to Rs 199. Whereas, the fee of Rs 199 has been increased to Rs 249.
Customers can get more information about change in service charges from the official website of the bank https://www.yesbank.in/.
Yes Bank has stopped opening 5 types of new savings accounts.
Yes Bank has stopped opening new accounts on 5 types of savings accounts. But existing account holders will continue to get services as before. There will be no effect on them. Just from April 1, new accounts of customers in these categories will not be opened.
- Savings Exclusive
- Yes Savings Select (YES Savings Select /XLRATE SA)
- Savings Advantage (Savings Advantage/Yes Grace/Yes Prosperity Prime/Ascent/Crest)
- Yes Respect (Yes Respect (for Sn. Citizen))
- Savings PRO (Limited KYC)
