Is zero balance account available in YES BANK?
With YES BANK's Zero Balance Savings Account, you no longer need to worry about running out of cash in your account and incurring a fine for going below the permissible limit. Moreover, having a zero balance account does not mean that you won't earn interest either.
They charge their account holders for the non-maintenance of minimum average balance (MAB). Yes, the government had given a waiver on this till the end of June, but, that period is over. If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 - every month!05-Aug-2020
What is the minimum balance for savings account?
The minimum average monthly balance requirement is Rs. 10,000 for metro cities, Rs. 5,000 for semi-urban cities and Rs. 2,500 for rural cities.
OPEN SAVINGS ACCOUNT
Is YES BANK a government bank?
Yes Bank Ltd. Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank.
Stock of YES Bank has gained 35.94% in a year and risen 26.81% in 2022. In a month, the stock has gained 37.23%. Total 913.02 lakh shares of the firm changed hands amounting to a turnover of Rs 152.80 crore on BSE. Market cap of the bank climbed to Rs 42,693 crore in the afternoon session today.02-Aug-2022
Which bank is best for savings account?
Top Savings Bank Accounts of 2022
If you close your yes bank account before 30 days of account opening, there won't be any charges. But if you close your yes bank after 30 days, you will be charge 590 rupees as a closing charge.
Which bank has highest minimum balance?
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
Latest Interest Rate for Zero Balance Savings Account
What is minimum balance in SBI?
For its regular savings accounts, the bank requires a minimum monthly average balance of ₹ 10,000 for metro or urban areas, ₹ 5,000 for semi-urban locations, and ₹ 2,000 for rural locations.19-Jun-2022
Banks are allowed to charge non-maintenance of minimum balance penalty to the customers but there is no cap on the charges. The penal charges have to be approved by the bank's board. Banks charge different charges based on the location of the account.08-Jul-2020
What are the benefits of YES BANK?
YES BANK offers free banking across all branches. You can also get free e-statements. To top it all, you have a 24x7 personal banking assistant - YES Robot, to help you pay bills, create fixed deposits, check balancesand assist in other banking errands.
Monthly Average Balance (MAB), also known as the minimum average balance is nothing but the minimum amount you are required to maintain in your Savings Account every month. The figure is calculated at the end of each month and failure to maintain this minimum average balance will result in penalties.
What are the types of accounts in YES BANK?
YES BANK offers 5 different types of savings accounts for you to choose from.The debit cards customers can choose from include:
In July 2020, Yes Bank Ltd closed their follow-on public offer (FPO) with 95% subscription, driven by institutional investors. As of 28 July 2020, Yes Bank is an associate of State Bank of India which has a 30% stake in the company.Yes Bank.
Is Yes Bank approved by RBI?
The Reserve Bank of India has given an in-principle approval to private lender Yes Bank to pick up 20% stake in JC Flowers & Co.'s asset reconstruction company, two people in the know confirmed.13-Jul-2022
"Not only has the bank seen revival, it is on a growth path. The issues faced by bank in terms of liquidity have been taken care of and capital has been raised". Within four months of reconstruction, the bank raised Rs 15,000 crore through a follow-on public offer in July 2020.26-Mar-2022
Should I buy YES Bank?
Nirmal Bang: The firm has given a SELL rating to Yes Bank with a target price of Rs 13.4 per share. The firm said that despite the better-than-expected results and the bank's improving overall picture, they find medium-term ROA targets unattractive given the investable opportunities available with larger banks.04-Aug-2022
Many people believe that Yes Bank (NS: YESB ) stock can easily reach Rs 50 or 100 from here. In recent past, YES BANK stock has traded around Rs 400. Business size of the bank is still big and a Big bank is trading in a penny price.14-Aug-2021
Is YES Bank a good buy?
According to stock market experts, Yes Bank shares have broken its previous 52-week high of ₹16.25 apiece levels and has been able to sustain above ₹16.25 apiece levels. They said that the stock has strong support zone around ₹15 apiece levels and it is a news-based stock with improved fundamentals.03-Aug-2022
Is zero balance account available in YES BANK?