YES Bank Regular Savings Account vs State Bank of India (SBI) Savings Account

Interest Rate

4.00% - 5.25% p.a
2.70% p.a.

Minimum Balance

NIL or Rs. 10,000/Rs. 25,000
NIL or Metro & Urban: Rs. 3000, Semi-Urban: Rs. 2000, Rural: Rs. 1000

Monthly Average balance

For Savings Account PRO: Rs. 10,000; For Savings Account PRO Plus: Rs. 25,000; Freedom from maintaining average monthly balance (AMB) subject to FD value five times of AMB requirement
NIL

Features

Internet and Banking facility available

Mobile and SMS banking SMS & Email alert facility for day end balance/ transactions above a threshold/low balance (free for Savings account PRO Plus customers)

TRUE Anywhere banking facility – Free banking across all YES Bank branches

Free cash withdrawal facility across all YES Bank ATMs

Access your account detail anytime, anywhere with easy access to digital channels like YES ONLINE, YES Mobile, YES ROBOT & WhatsApp Banking

24*7 online fund transfer & bill payment through free NEFT, RTGS & UPI facility 

Free Utility Bill Payment              

Internet banking/ mobile banking facility

SMS Alerts and e-statement facility

YONO App facility

State App Anywhere

SBI Quick Missed Call Facility

ATM facility

Documents Required

* Duly-filled account opening form

* PAN Card/Form 60 with reasons for not having a PAN Card

* Recent photographs of the applicant

* Valid Driving License

* Valid Passport, Voter’s ID, Aadhaar Card E-Aadhaar (downloaded from UIDAI website)

To open a YES Bank Savings Account, please click here  

* Application form along with Photographs

(a) Proof of identity (any of the following with authenticated photographs thereon):

(i) Passport

(ii) Voter ID card

(iii) PAN Card

(iv) Govt./Defence ID card

(v) ID cards of reputed employers

(vi) Driving Licence

(b) Proof of current address (any of the following)

(i) Credit Card Statement

(ii) Salary slip

(iii) Income/Wealth Tax Assessment Order

(iv) Electricity Bill

(v) Telephone Bill

(vi) Bank account statement

(vii) Letter from reputed employer

(viii) Letter from any recognized public authority

(ix) Ration Card


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