Yes Bank Minimum Balance – Updated Limits & Charges Explained

Key Highlights
 

1.  It is the average of daily closing balances in a month. If you don’t maintain it, charges apply.
    
2. The required MAB varies by account type, from ₹0 for salary/basic accounts to ₹50,000 for premium accounts. Penalties are capped each month.
    
3. Choose a zero-balance account, set up regular deposits, and track your balance through NetBanking or the mobile app.

Yes Bank Minimum Balance is the least amount you must keep in your Yes Bank account to avoid charges or maintain account benefits. If you know about the required balance, you can avoid penalties and choose the right account type. 

For example, Priya opened a YES Savings Value Account. For Yes Bank, the AMB ( Average monthly balance) is ₹5,000. The account opened, but she was not consistent with the Yes Bnak Minimum Balance. It was as follows:

Day 1-10: ₹0/day: ₹0
Day 11-20: ₹2,000/day: ₹20,000
Day 21-30: ₹3,000/day: ₹30,000

• Total = ₹50,000, 
   
• MAB = ₹50,000 ÷ 30 = ₹1,667

That’s ₹3,333 short of the required ₹5,000.
So, Penalty = 10% of ₹3,333 = ₹333, but YES Bank caps it at ₹250.

One week of low balance can cost her much. In this article, we bring Yes Bank Minimum Balance to save you from paying penalty charges. 

What Is Minimum Balance?

“Minimum Balance” (or Average Monthly Balance, AMB) is the least amount you must keep in your savings account to avoid penalties, and it varies by bank, account type, and branch location

Let’s say Riya, a college student in Jaipur, opened a savings account to manage her monthly allowance. Her bank requires a Monthly Average Balance (MAB) of ₹5,000. In June (30 days), here’s how her account looked:

• Day 1-10: ₹0/day: ₹0
   
• Day 11-20: ₹10,000/day: ₹1,00,000
   
• Day 21-30: ₹2,000/day: ₹20,000
   

To calculate her MAB:
Total balance = ₹0 + ₹1,00,000 + ₹20,000 = ₹1,20,000
Divide by 30 days = ₹1,20,000 ÷ 30 = ₹4,000

Her MAB was ₹4,000, which is ₹1,000 less than required, so the bank charged her a penalty of ₹150. Riya was surprised because she thought maintaining a high balance for some days would be enough, but it’s the average that counts!

YES Bank Minimum Balance Requirement By Account Type:

Maintaining the Minimum Average Balance (MAB) is essential for avoiding penalties and keeping accounts active. It also helps you understand how your bank calculates balance requirements.

Things to Remember:

• AMB is the average over the month, not just the end balance.
   
• Different YES Bank accounts have different AMB rules.
   
• Salary and basic savings accounts often have zero-balance features.

YES Bank AMB Table:
 

YES Bank Non-Maintenance Charges:

Important Notes:
 

• AMB Calculation: Total of daily closing balances ÷ Number of days in the month.
   
• Shortfall Penalty: If AMB is not met, the bank charges a percentage of the shortfall.
   
• Maximum Cap: Even if the shortfall is large, monthly penalties are capped.
   
• Waiver Possibility: Charges may be waived if POS/QR/Soundbox usage or current account balances are high.
   

How To Check Your Monthly Average Balance In YES Bank?

Your Monthly Average Balance (MAB) is crucial to avoid non-maintenance charges in YES Bank. It’s calculated by adding your daily closing balances for the month and dividing by the number of days.

Example Calculation

Suppose your account had the following closing balances in April (30 days):

• Day 1-10: ₹1,000/day: ₹10,000
• Day 11-20: ₹3,000/day: ₹30,000
• Day 21-30: ₹5,000/day: ₹50,000

Total of daily balances = ₹10,000 + ₹30,000 + ₹50,000 = ₹90,000
MAB = ₹90,000 ÷ 30 = ₹3,000

If your required MAB was ₹5,000, you’d fall short by ₹2,000 and possibly incur a penalty.

Ways to Check Your MAB in YES Bank
 

1. YES Mobile App
   • Download from the Play Store or the App Store
   • Navigate to the ‘Account Summary’ section and Log In.
   • View your current and average balance
      
2. Net Banking
   • Visit yesbank.in: Log in

Monitoring your MAB helps avoid charges and manage funds better.

How To Avoid Minimum Balance Penalties In YES Bank?

Let’s say Rohit, a young marketing executive in Delhi, opened a YES Savings Value Account with a required Average Monthly Balance (AMB) of ₹5,000. In April (30 days), here’s how his daily balance looked:

• Day 1-10: ₹1,000/day: ₹10,000
   
• Day 11-20: ₹0/day: ₹0
   
• Day 21-30: ₹2,000/day: ₹20,000

Total = ₹10,000 + ₹0 + ₹20,000 = ₹30,000
MAB = ₹30,000 ÷ 30 = ₹1,000

He fell ₹4,000 short of the ₹5,000 AMB. Since he maintained only 20% of the required balance, he was charged 10% of the shortfall = ₹400. But YES Bank caps the penalty at ₹250/month, so that’s what he paid.

Tips to Avoid Penalties:
 

• Automate savings from your main income account
   
• Monitor balance via mobile/net banking
   
• Switch to a zero-balance account if needed
   
• Plan monthly expenses carefully
   
• Choose a suitable account based on your usage

YES Bank AMB Penalty Structure:
 

Conclusion:

Always check your YES Bank balance! Just having money for a few days is not enough. The bank looks at your Monthly Average Balance (MAB). If it's too low, you may pay a penalty (up to ₹250). Each account has different MAB rules. So, use the YES Bank app, track your balance daily, and choose the right account to avoid charges and stay worry-free!

FAQs:

Q1: What is the Monthly Average Balance (MAB) in YES Bank?
MAB is the average of your daily closing balances in a month, required to avoid penalties.

Q2: What happens if I don’t maintain the required MAB in YES Bank?
You may be charged a penalty of up to ₹250 based on the shortfall.

Q3: How can I check my MAB in YES Bank?
You can check your MAB via the YES Mobile App, net banking, or by visiting a branch.

Q4: Which YES Bank accounts have zero MAB requirements?
Smart Salary and Basic Savings Bank Deposit accounts have no MAB requirements.

Q5: How do I avoid MAB penalties in YES Bank?
Track your balance regularly, automate savings, or choose a zero-balance account.