Yes Bank Savings Account Interest Rate & Minimum Balance 2025

YES Bank offers attractive savings account interest rates designed to help you grow your savings efficiently. Whether you are saving a small amount regularly or looking to deposit substantial sums, YES Bank savings account provides flexible options to meet diverse financial needs.

Key Highlights 

YES Bank Saving Account Interest Rate 2025:

• Up to ₹1 Lakh - 2.50% p.a.
• ₹1 Lakh to ₹10 Lakhs - 3.00% p.a.
• ₹10 Lakhs to less than ₹25 Lakhs - 3.50% p.a.
• ₹25 Lakhs to less than ₹50 Lakhs - 4.00% p.a.
• ₹50 Lakhs to less than ₹100 Lakhs - 5.00% p.a.

What is YES Bank Savings Account?

A YES Bank savings account is a financial product that allows individuals to hold their money securely while earning a decent income from interest. It provides a range of features, including competitive interest rates, and convenient access to funds. It also has specialised options for different customer groups, such as senior citizens and women.

YES Bank Savings Account Interest Rate 2025

The latest YES Bank savings account interest rate for 2025 is mentioned below:

YES Bank Savings Account Interest Rate for Senior Citizens

YES Bank offers the YES Respect Savings Account, specifically tailored for senior citizens. Although the savings account interest rates remain the same across customer categories, senior citizens receive additional benefits, including:

• Zero service charges.
• Free cyber insurance worth ₹1 lakh for the 1st Year.
• Free lifetime Element Debit Card.
• Discount on professional healthcare services offered by Samarth Elder Care.
• Discounted locker facilities and Demat account.
• Priority customer service.
• Free ATM transactions and unlimited digital banking transactions via YES Online, YES Mobile, and UPI.
• 24/7 personal banking assistance through YES Robot.

What are the Minimum Balances of YES Bank Bank Savings Accounts?

Follow this table to learn about the minimum balance requirement for different YES Bank saving accounts:

Features of YES Bank Savings Accounts

These are the features of opening a YES Bank savings account:

• YES Bank saving account interest rate is credited on a quarterly or half-yearly basis in your savings interest.
• Enjoy the YES Rewardz Loyalty Programme by earning reward points on travel, recharge, shopping and movies.
• Enjoy savings account features through online banking platforms. Transfer funds, pay bills, check transaction history, download statements, and more with just a few clicks.
• Take advantage of YES Bank's doorstep banking services. 
• Enjoy an insurance coverage and high fixed deposit interest rates on selected savings accounts.
• Receive a debit card with exclusive offers.
• Open a savings account hassle-free with video KYC.
• Choose personalised savings accounts for women, kids, or senior citizens. 
• Enjoy value-added features on savings account.

Benefits of YES Bank Savings Accounts

These are the benefits of opening a YES Bank savings account:

• Benefit from free NEFT/RTGS payment facilities through net banking.
• Pay utility bills conveniently using your YES BANK savings account.
• Get acess to a large ATM network across any bank nationwide for cash withdrawals.
• Enjoy free demand draft (DD) issuance via net banking and branches.
• Benefit from mobile and SMS banking services.

Types of Savings Account in YES Bank

These are the different types of savings accounts available in YES Bank:

• YES Digital Savings Account
• YES Pro Max Savings Account
• YES Pro Plus Savings Account
• YES Respect Savings Account
• Pradhan Mantri Jan-Dhan Yojana Account
• YES Pro Savings Account
• My First YES Savings Account
• YES Essence Savings Account
• YES Digital Savings Account - Limited KYC

How to Open a YES Bank Savings Account Online?

To open a YES Bank savings account, you can complete the entire process online, eliminating the need to visit a bank branch. Follow these simple steps:

• Visit the YES Bank homepage.
• Select “Accounts” and “Savings Account” on the main page.
• Choose the savings account you wish to open and click “Open Savings Account Online”.
• Fill in the necessary details in the application form and click “Submit”.
• After submission, you will be prompted to generate your unique account number, which you will use for all future banking transactions.
• Once the application is submitted, ensure your KYC documents are ready.
• A bank representative will contact you to collect and verify your KYC documents within a few hours.

Penalty for Not Maintaining Minimum Balance in YES Bank Savings Account

YES Bank levies charges if you fail to maintain the required average monthly balance (AMB). Here are the detailed penalty charges effective from 1 June 2025:

General Penalty Structure:

• Balance ≥ 100% of AMB: No penalty
• Balance between 50%-99% of AMB: 5% of the shortfall amount
• Balance ≤ 50% of AMB: 10% of shortfall amount (5% for Savings Value account)

Specific Account Penalties:

If you are facing any issues, you can reach the customer support team at 1800 1200 (toll-free number). 

How to Calculate YES Bank Savings Account Interest Rate?

YES Bank's saving account interest rate is calculated daily based on your account's closing balance and is credited quarterly or half-yearly, depending on the bank’s policy. The formula for calculation of YES Bank saving account interest rate is:

Monthly Interest = Daily Closing Balance × Number of Days × (Interest Rate/ 100) ÷ Total Days in the Year 

Let’s take an example. Suppose you maintain have a balance of ₹5,00,000 in your savings account, and the annual interest rate is 3%. Using the formula:

• Monthly Interest = 1,00,000 × 30 × (3/100) ÷ 365 = ₹246 (approx.) 
• Interest rate on the remaining balance: 4,00,000 × 30 × (3/100) ÷ 365 = ₹986 (approx.). 

Thus, maintaining a balance of ₹5 lakh would generate an estimated monthly interest of ₹1,232, totally approx to ₹14,784 over the course of a year. 

In 2025, the Yes Bank savings account offers competitive returns along with flexible features to suit different customer needs. By maintaining the required balance, you can maximize the benefits of the Yes Bank saving account interest rate while enjoying convenient banking services.

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