Quick Answer: What Is Minimum Balance In Yes Bank?

Does Yes Bank have zero balance account?

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..

Which bank is best for minimum balance?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.

Is it safe to have account in Yes Bank?

Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Which is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

What is the minimum balance in all banks?

List of All Banks Savings Account Interest Rates and Minimum Balance 2021List of Savings Account BanksMinimum Balance Required(INR)Andhra Bank0/5//100/1000Axis Bank0/10000/25000/100000Bank of Baroda0/5/1000Bank of India500/5000/10000/20000/10000033 more rows

Which bank is best in India?

Top Commercial Banks in IndiaTop 10 Commercial Banks in India are:State Bank of India (SBI) … ICICI Bank (Industrial Credit and Investment Corporation of India) … HDFC Bank. … Axis Bank. … Kotak Mahindra Bank. … IndusInd Bank. … Bank of Baroda.More items…

How can I open a bank account with no balance?

Features of Basic Savings Bank Deposit AccountThis account variant can be opened by any individual provided he or she has valid KYC documents.No upper limit to maximum balance in the account.Get a basic Rupay ATM-cum-debit card.The withdrawals can be done using withdrawal form at branches or through ATMs.More items…•

Which banks provide online account opening?

Compare Savings Account Rates and Types of All BanksBank NameInterest RateAxis Bank Savings Account Opening Online3.50% – 7.10%ICICI Bank Savings Account Opening Online3.00% – 3.50%Kotak Bank Savings Account Opening Online3.50% – 4.00%Yes Bank Savings Account Opening Online4.00% – 6.25%15 more rows

What happens if you don’t maintain minimum balance in Yes Bank?

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!

Can I open account in Yes Bank?

YES Bank savings account opening is easy and hassle-free with options to fill an application online on our YES Bank website. If you apply online, you have the added advantage of a quick and hassle-free doorstep documentation process. In other words, the bank comes to you!

Should I open account in Yes Bank?

For those looking to save for the future, opening the Yes Bank Savings account is probably the best start. … While the interest rate for savings accounts for most banks is 3.5% p.a., Yes Bank has offered its customers interest rates of 6.25% p.a. for deposits more than Rs. 1 crore, 6% p.a. for deposits more than Rs.