What is the penalty for not maintaining minimum balance in YES BANK?
Yes Bank
There is no minimum balance requirement for the account. 3. The basic services available for the Basic Savings Bank Deposit Account include deposit and withdrawal of cash at bank branch as well as ATMs; Even through electronic payment channels and cheques.
Is there any account closing charges in YES BANK?
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.
Furthermore, cash deposits are free up to a limit, depending upon the product selected by you. If you exceed this limit, you shall be charged INR 3/1000 (for a minimum of 50 transactions) in each of the products.
What is minimum monthly balance?
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.
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.
What is monthly average balance in YES BANK?
OPEN SAVINGS ACCOUNT
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.
How much can I withdraw from YES BANK ATM?
INR 25,000
The bank is now providing savings account holders with a maximum rate of 7% on savings bank deposits of more than 1 lakh and up to 50 lakhs, effective March 4, 2022.Jana Small Finance Bank.
What is the interest rate in Yes Bank?
For reference purpose interest rate slabs considered are 3 months = 91 days; 6 months = 181 days; 9 months =272 days.FIXED DEPOSIT.
Top Savings Bank Accounts of 2022
What is the minimum limit of saving account?
The minimum average monthly balance requirement is Rs. 10,000 for metro cities, Rs. 5,000 for semi-urban cities and Rs.
Transact at any one of our easily accessible 24 hour ATMs!
What is basic account?
A basic bank account is a current account that is free of charge for everyday banking for at least the first year.09-Feb-2022
A minimum balance fee is a fee that many banks charge when your account balance drops below a certain amount. For instance: If the minimum balance required in your checking account is $500, but you only have $400, you would be charged a minimum balance fee.06-Apr-2021
In which bank minimum balance is not required?
HDFC Bank - Basic Savings Bank Deposit Account HDFC Basic Savings Bank Deposit Account or BSBDA is a Savings Account that does not require you to maintain a minimum balance on your account.09-Sept-2020
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
Will YES BANK grow in future?
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
Yes Bank Salary Accounts are designed to offer higher returns and a truly unmatchable banking experience to all account holder. The Yes Bank Smart Salary Program gives the advantage of exclusive banking privileges, higher savings deposit interest rates and best banking services.
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.
What is the penalty for not maintaining minimum balance in YES BANK?