Yes Bank Savings Account

A Yes Bank Savings Account refers to a type of bank account offered by Yes Bank, one of the prominent private sector banks in India. A saving account is designed for individuals to deposit and save their money while earning interest on the deposited funds.


  1. Interest Earnings:

    The deposited funds in a Yes Bank saving account earn interest, which is typically calculated on a daily or quarterly basis. The interest rate offered may vary based on the account balance and other factors determined by the bank.

  2. ATM/Debit Card:

    Yes Bank provides ATM or debit cards to saving account holders, allowing them to make cash withdrawals from ATMs, perform transactions at merchant establishments, and shop online.

  3. Online and Mobile Banking:

    Yes Bank offers online banking and mobile banking facilities, enabling saving account holders to access and manage their accounts anytime, anywhere. This includes features like balance inquiry, fund transfers, bill payments, and account statements.

  4. Personalized Customer Service:

    Yes Bank focuses on providing personalized customer service to its saving account holders. The bank provides dedicated customer support through various channels, including phone, email, and in-branch assistance, to address account-related queries and provide guidance.

  5. Nomination Facility:

    Yes Bank Saving account holders can nominate a person to receive the account’s balance in the event of their unfortunate demise, ensuring a smooth and hassle-free transfer of funds to the nominee.

  6. Multiple Account Variants:

    Yes Bank Saving Account  offers different types of saving account variants to cater to the varying needs of individuals. These may include basic saving accounts, salary accounts, premium accounts, and specialized accounts for specific customer segments.

  7. Sweep-in Facility:

    Yes Bank may offer a sweep-in facility where the excess balance in the saving account is automatically transferred to a fixed deposit, earning higher interest rates while maintaining liquidity.

  8. Special Offers and Discounts:

    Yes Bank often provides special offers and discounts to its saving account holders. These can include discounts on shopping, dining, travel, or other lifestyle-related benefits, enhancing the overall banking experience.


The general documents typically required to open a saving account with YES Bank in India are as follows:

Identity Proof:

PAN Card
Aadhaar Card
Voter ID card
Driving License
Address Proof:

Aadhaar Card
Voter ID card
Driving License
Utility bills (electricity bill, water bill, gas bill)
Bank account statement
Rental agreement (in case of rented premises)
Passport-sized Photographs: You will generally need to provide a few recent passport-sized photographs.

Proof of Identity and Address for Nominee: If you wish to nominate someone for your saving account, you will need to provide their identity and address proof documents as well.

It’s important to note that the specific document requirements may vary based on the type of saving account, the customer’s profile, and the bank’s policies. YES Bank may have additional requirements or may request further documents if necessary.

To ensure a smooth account opening process, it is recommended to contact YES Bank directly or visit their official website to obtain the most up-to-date and accurate information regarding the documents required for opening a saving account with them.


  1. Focus on Financial Inclusion:

    Fayda Pay is dedicated to promoting financial inclusion in rural areas of India. By offering Yes Bank saving account opening services, we aim to provide accessible and convenient banking solutions to local shop retailers and individuals in underserved regions, helping them become a part of the formal banking system.

  2. Expertise and Assistance:

    Fayda Pay has extensive expertise and knowledge in the account opening procedures of Yes Bank. Our team of professionals provides personalized assistance and guidance throughout the account opening process, ensuring a seamless and hassle-free experience for our customers

  3. Tailored Solutions for Rural Customers:

    We understand the unique needs of rural customers, especially local shop retailers. Fayda Pay works closely with Yes Bank to offer specialized saving account solutions that cater to the specific requirements of rural individuals and businesses, facilitating financial management and growth opportunities.

  4. Convenient Account Opening Process:

    Fayda Pay ensures a convenient and simplified account opening process for Yes Bank saving accounts. Through our user-friendly platform, local shop retailers and individuals in rural areas can easily initiate the account opening procedure and receive step-by-step guidance along the way.

  5. Value-added Benefits:

    By choosing Fayda Pay for Yes Bank saving account opening services, customers gain access to value-added benefits. These may include preferential interest rates, special promotions, and exclusive offers that enhance the banking experience and provide additional value for our customers.

  6. Dedicated Customer Support:

    Fayda Pay emphasizes personalized customer support. Our dedicated team is available to address customer queries, provide assistance, and ensure a smooth account opening process. We strive to establish long-term relationships with our customers, offering ongoing support throughout their banking journey.


You can open a saving account with YES Bank by visiting your nearest YES Bank branch or by applying online through the YES Bank website. The process typically involves submitting the required documents and completing the account opening form.

The documents required for opening a saving account may include identity proof (such as PAN card, Aadhaar card, passport), address proof (such as Aadhaar card, passport, utility bills), and passport-sized photographs. YES Bank may have specific requirements, so it’s advisable to check with the bank or visit their website for the most up-to-date information.

YES Bank has minimum balance requirements for saving accounts, which may vary based on the type of account and the location of the branch. It is recommended to check with the bank or refer to their website for the specific minimum balance requirement applicable to your account.

Opening a saving account with YES Bank offers several benefits, including competitive interest rates, convenient banking facilities (online banking, mobile banking), access to ATM and debit card services, personalised customer service, and value-added benefits such as special offers and discounts.

Yes, YES Bank provides online banking and mobile banking facilities for saving account holders. These platforms enable you to manage your account, view transaction history, transfer funds, pay bills, and perform various banking transactions with ease.

YES Bank may have charges or fees associated with saving account opening, monthly average balance requirements, non-maintenance of minimum balance, and specific banking services. It is recommended to check with the bank or refer to their website for the applicable charges and fees.