Yes Bank zero balance account opening is a very easy process. The bank provides savings account services online which are best suited for your banking and savings needs. The innovative financial solutions offered by Yes Bank are supported by expert advice. Yes Bank provide an option for multiple categories under which you can open a savings account. You will get a lot of services with the savings account like free debit card, net banking, UPI payment services etc. Let’s check Yes Bank zero balance account opening online and its major features and types.
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Yes Bank Zero Balance Account: Key Highlights
Yes Bank savings account holders will get access to net Banking and mobile banking services which will help to monitor funds closely from anywhere. These online banking services are completely free and you can view account summaries, statements, and fund transfer details through net banking. Yes Bank allows opening student account online. Check more details below:
- Customers can use free RTGS/NEFT payment facilities via net banking and mobile banking, and a free IMPS facility through Mobile Banking.
- Yes Bank offers YES ROBOT service which is a 24/7 Personal Banking Assistant available on their website. It helps the customer with creating Fixed Deposits, paying bills, sending money, recharges, and balance checks.
- Customers can also register for e-statements, recharge their phones and DTH, and pay bills, including loan EMIs and insurance premiums, all in one place.
- The bank provides free issuance of demand drafts and the option to register for SMS alerts.
Also Read: Transferring money internationally? Check here all about the Rupee Drawing Arrangement of RBI
Types of Yes Bank Zero Balance Account
Mostly, the private sector banks offer zero balance accounts under the salary account category. However, there are no minimum or maximum salary limits. There are three types of Yes Bank Zero Balance Accounts- Smart Salary Platinum, Smart Salary Exclusive and Smart Salary Advantage savings accounts. Check details about the zero balance savings account below:
Smart Salary Platinum A/c | Smart Salary Exclusive A/c | Smart Salary Advantage A/c |
-Savings account with zero balance requirements -Earn tax-free interest income up to INR 40,000 -Includes free Personal Accident Death Cover worth INR 15 lakhs | -No minimum balance is required for the savings account -Tax-free interest income of up to INR 40,000 on your savings -Enjoy a Personal Accident Insurance Cover of INR 5 lakhs | -A minimum balance is not required for this account -Up to INR 40,000 income from interest on savings which will be tax-free -Personal Accidental Insurance Cover if INR 2 lakh |
Steps for Yes Bank Zero Balance Account Opening Online
Opening a savings account these days takes a few minutes. You can complete the entire process online on the official website of the bank and the account opening kit will be delivered to your doorstep. Check all the major steps involved in Yes Bank zero balance account opening online:
- Review the types of savings accounts available and understand their features.
- Choose the preferred type of zero-balance savings account based on offers and features.
- Click on “Apply Online” to access the Savings Account form.
- Fill out the account opening form with the required details.
- Upload necessary documents online
- Identity Proof (e.g., driver’s license, passport)
- Address Proof (e.g., driver’s license, passport)
- PAN card
- Upon submission, the bank will initiate the verification process.
- An executive may contact you for verification. Receive a welcome kit at your mailing address upon successful processing.
Also Read: All foreign transactions from India are done under the LRS. Check here and know what is LRS or Liberalised Remittance Scheme of RBI
This was some important information on Yes Bank Zero Balance Account Opening Online. Always do your research before choosing the account category and then proceed further. Check some FAQs based on Yes Bank Zero Balance Account.
FAQs
Yes Bank offers several benefits with its zero-balance savings accounts. These include free issuance of debit cards, access to net banking and mobile banking services at no additional cost, making RTGS/NEFT and IMPS transactions online etc.
Yes Bank provides three types of zero balance savings accounts: Smart Salary Platinum, Smart Salary Exclusive, and Smart Salary Advantage. These accounts cater to different needs and offer features such as tax-free interest income up to INR 40,000, and personal accident insurance cover ranging from INR 2 lakhs to INR 15 lakhs.
Opening a Yes Bank zero balance savings account online is a straightforward process. Visit the official website of Yes Bank, review the types of accounts available, and choose the preferred option based on your requirements. Fill out the online application form with your details and upload the necessary documents. Upon successful processing, you will receive a welcome kit at your provided mailing address.
No, there is no requirement to maintain a minimum balance in Yes Bank zero balance savings accounts.
In addition to basic banking services, Yes Bank zero balance savings accounts offer value-added services such as access to YES ROBOT, a 24/7 personal banking assistant for various transactions including fixed deposits, bill payments, money transfers, and more.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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