Home > Yes Bank
Yes Bank
Yes Bank

YES Bank

YES Bank is amongst the top and fastest growing banks in the Indian Banking League. It has received many national and international honors for their various businesses, including treasury, corporate investment banking, transaction banking, and sustainable practices through responsible banking. The bank is evolving exponentially as a professional bank and is en route to becoming one of the most excellent quality large banks in India by 2020. It is currently India's fourth largest private sector Bank in India, and that is an outcome due to the professional entrepreneurship of its founder Rana Kapoor and his team of highly competent managers. The bank is well known for its high quality, customer centric, service driven, bank catering to the Sunrise Sector in India. The bank is the only Greenfield Bank license awarded by the RBI in the last two decades, associated with the most exceptional pedigree investors. The Bank has gradually built a Retail, SME and Corporate Banking franchise with a comprehensive product suite of Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines throughout the country.

Establishments:

The Bank has establishments all over the country. It provides you a hassle free, extensive banking experience through a vast network of more than 1000 Branches Pan India, 1800 ATMs across all 29 States and 7 Union Territories of India. You can always find services located at a convenient distance from your home or office, and our state-of-the-art branches are designed to ensure a superior and consistent banking understanding through aesthetics, first-class service, and leading-edge technology at all touch points.

Services:

It caters to its retail customers by offering an extensive range of products which includes credit cards, debit cards, savings account, car loans, home loan, fixed deposits, personal loan, and gold loan. Following are the Products and Services offered by the bank:

  1. Credit Cards
  2. Debit Cards
  3. Savings Account
  4. Car Loan
  5. Bank Home Loan
  6. Bank Fixed Deposit
  7. Bank Gold Loan
  8. Bank Personal Loan​

Interest Rates:

Individual Savings Account:

   YES Bank Savings Account Balance

                  Rate of Interest*

Savings Deposits Balance less than Rs. 1 lakh

                       5.00% p.a.

Savings Deposits Balance of Rs. 1 lakh less than Rs. 1 crore

                      

                      6.00% p.a.

Savings Deposit Balance of Rs. 1 crore and above

                      

                      6.25% p.a.

*Yes Bank Savings Account Interest Rate is subject to change without prior information.

Personal Loan:

Interest Rate

10.75% onwards

Loan Tenure

12-60 months onwards

Loan Processing Charges

Up to 2.50% of the loan amount subject to a minimum of Rs. 999/- plus GST

Pre-Payment Charges

  • Prepayment is applicable post repayment of 12 EMIs.
  • 2% plus GST on part prepayment amount paid.

Foreclosure Charges

  • 13-24 months –4% of principal outstanding
  • 25-36 months – 3% of policy excellent
  • 37-48 months – 2% of policy exceptional
  • >48 months nil

Duplicate No Due Certificate/No Objection Certificate (NOC)

Rs. 250 per event

Late Payment Charges

24% per annum on the amount outstanding from the date of Default

How is YES Bank different?

No Legacy: This bank has no legacy to latch on. Other Indian banks like HDFC and ICICI had been NBFCs before becoming a bank. But, it’s license was a completely new one purely given on the professional merit of the founders. How does it help? If you don’t have a legacy, you can start fresh.

Most importantly, you will employ the best of the best practices and take baby steps towards growth. Is it not possible for the other banks to adopt the same tradition? It is very much, but it comes at a more significant cost. For instance, migrating the IT infrastructure alone would lessen your profits.

Grabbing Opportunities: RBI has enforced control limits for lending to the parent and subsidiary companies according to which you cannot lend more than 6500 Crores to a single group. During the 2008 financial crisis, all the existing banks either exhausted their limits of played it safe. The bank did not have to worry about their historical NPAs or restrictions. With careful risk management practices, It has pushed their pedal to catapult their position to be a top league commercial bank, if not the best.

Knowledge Banking: The bank introduces the concept of knowledge banking where it allows you to have a better understanding of different sectors and then pro-actively support or propose banking solutions to their clients. It may sound simple at first, but if you delve deeper, you can see this philosophy has given them much needed innovation as mentioned below:

> They were the first to introduce green bonds in India.

> They were the first to do the longest tenure bond for Mahindra.

> They were the first to concentrate on the renewable energy sector. It makes them a valuable knowledge partner to the Government of India.

It was the first to introduce higher interest rates after the RBI has de-regularized the interest rates

Phone Number 91-22 61219000, 1800 1200 (Toll free)
Fax Yes Bank Limited
Email [email protected]
Web Site https://www.yesbank.in/
Head Office YES BANK Tower, IFC – 2, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India.
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Loan Type Interest Rate Minimum Age (in yrs.) Minimum Income (in Rs.)
Personal Loan 13.99% to 16.99% Information Not Available Information Not Available
Car Loan 10.25% to 12.25% Min. 21 years, Max. 58 years Minimum Annual Income Rs. 3 Lakhs
Two Wheeler Loan Starting from 9.99% Min. 21 years, Max. 65 years NA
Business Loan 10.99% - 20.00% Not applicable Not applicable
Home Loan 9.85% to 12.00% Must be 21 to 60 years Regular Source of Income should be there
Loan Against Property Starting from 10.50%, Minimum 23 years & Maximum 65 years Rs.3 Lakhs Per Annum
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Comments