Online savings accounts have several advantages. It can be opened online from the comfort of your home or office. Now, different banks have launched an online savings account. Yes Bank has come with Insta Online Savings Account Opening Service through which individuals both resident and NRIs can open their savings account online.
Customers can open the account by filling the online account opening form.
Whenever we open a savings account, we receive an account number. In most cases, we can’t select our account number. However, Yes Bank offers the option to customers to choose an account number of their choice.
Customers have the option to upload soft copies of KYC documents such as PAN Card and Aadhaar Card online.
Filing of forms, both online and offline can be a tedious task. In many circumstances partial filing of form is not applicable. Customers can’t leave the form filing process in between and resume it later on. However, while opening the Insta savings account, customers can fill the form partially and continue with the process from their last session.
Customers of Yes Bank savings account receive debit cards through which they can carry out ATM withdrawals without any charge from any ATM in the country.
Yes Bank Savings Account offer attractive interest rates of 6% per annum. The interest rate is offered to customers with deposits between Rs. 1 lakh to 1 crore. A higher interest rate will allow your savings to grow higher.
The bank offers 5% rate of interest for deposits up to Rs.1 lakh and 6.25% for balance above Rs.1 crore.
Customers of Insta Savings account can transfer funds easily through net banking or mobile banking through any of the payment facilities such as IMPS, RTGS and NEFT. Customers have to log in to their net banking and mobile banking app and add the beneficiary to transfer funds online.
Yes Robot is the personal banking assistant that help users with their queries. It is available all-round clock and can be found on the Yes Bank website. The virtual assistant can help customers to create fixed deposits, check account balance, pay bills, transfer money etc.
Here are some of the other benefits of opening a Yes Bank Savings account online:
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