YES Bank Zero Balance Account – Complete Guide to Benefits & Account Opening

Suppose you're a working professional residing in Tohana, Haryana, and you're seeking a hassle-free, tension-free means of handling your savings without the pressure of maintaining monthly balance amounts.

This is how YES Bank's Zero Balance Account can benefit you

• No Minimum Balance: You can maintain ₹0 in your account, and no fine is involved.
• Free Transactions: You have 5 free transactions every month; beyond that, a minimal charge is applied.
• Interest Rates: If you save ₹1,50,000, you will get an interest of 4% p.a., yielding ₹6,000 every year.
• No RTGS/NEFT Charges: Get to pay your bills or transfer money free of cost.
• Debit Card for Free: Withdraw cash at YES Bank ATMs without paying any additional charges.

This account is made so that you can easily manage your finances, and the best part—no concealed fees or surprise charges!

Motive of Yes Bank Zero Balance Account

YES Bank provides a zero-balance savings account that streamlines banking and minimises stress. As there is no minimum balance to be held, it provides digital banking facilities and other facilities for transactions, enabling customers to manage their finances with ease. 

It is best suited for customers who want to achieve banking in a stress-free and hassle-free manner.

What is a Zero Balance Account?

A zero-balance account is a checking or savings account with no minimum balance. It means customers can make withdrawals and deposits without fear of being charged a fee for a zero balance. It provides advantages such as no penalty for low balances, cheap savings, and quick online account opening. 

It also offers online and mobile banking as well as online transactions without extra fees. Zero balance accounts function similarly to normal savings accounts, earning interest on the balance and having flexible deposits and withdrawals. They're perfect for individuals who have trouble keeping a minimum balance.

Types of Yes Bank Zero Balance Account

Here is detailed information about the types of zero-balance accounts offered by the YES Bank.

How to open a Yes Bank Zero Balance Account online?

To open a zero-balance account with YES Bank, follow these simple steps:

1. Visit the YES Bank website.
2. Click on the ‘accounts’ option.
3. Select ‘Savings Account’ from the drop-down menu.
4. Select the ‘Digital Savings Account’ option.
5. Click on the ‘Apply Online’ option.
6. Choose the type of account you want to open.
7. Fill out the application form.
8. Upload scanned copies of your documents.
9. Verify your email and mobile number.
10. Wait for the bank to verify your application.
11. A representative might contact you to confirm your details.
12. Once everything is verified, your account will be activated.
13. You’ll receive a welcome kit with your debit card and account details.

How to open a Yes Bank Zero Balance Account offline?

To open a YES Bank zero-balance account offline, just do the following easy steps:

• Go to a YES Bank Branch: Proceed to the nearest YES Bank branch.
  
  
• Bring Documents: Collect the required KYC documents such as proof of identity (such as an Aadhaar card, PAN card) and address proof (such as electricity bill, passport).
  
  
• Fill out the Account Form: Request for the account opening form at the branch. One of the bank executives will guide you to fill it out.
  
  
• Give Your Information: Provide your personal information, including name, address, and date of birth.

• Submit the Form and Documents: Submit the filled form, your KYC documents, and a passport photo.

• Account Activation: Once the bank checks everything out, your account will be activated.

Eligibility to open a zero-balance account in YES Bank

To open a basic savings bank deposit account or a zero-balance account with YES Bank, you need to fulfil the following conditions:

• Age: You must be not less than 18 years of age. Also, a minor aged above 15 years may open an account with the consent of his or her legal guardian.

• Residence: You must be a resident of India. This account cannot be opened by either a non-resident Indian (NRI) or overseas citizens of India (OCI).
  
  
• KYC Documents: You will need to submit valid KYC documents - proof of identification (Aadhaar card, PAN card, or Voter ID) and proof of address along with a photograph and signature.

• Minor Account: In case, you are a minor (that just falls between 15 years of age), you can open an account with the consent of your guardian.

Documents Required to apply for a zero-balance account in YES Bank

To open a savings bank account, you will require the following documents:

• A filled account opening form.
• PAN Card or Form 60 (if you don't possess a PAN Card, you must provide a reason).
• Recent passport photos.
• Proof of identity and signature.
• Proof of address.

YES Bank Zero Balance Account Fees and Charges

Here's a simplified breakdown of the YES Bank zero-balance savings account in a table:

YES Bank Zero Balance Account Interest Rates

Here’s the information about the YES Bank Savings Account interest rates for 2025 in a table:

YES Bank Zero Balance Account Helpline

For questions about Tohana, Haryana-based YES Bank zero balance accounts, or any other general customer care, you may contact through the following options:

Contact Details

• Toll-Free Number: To get general information or 24x7 help with hotlisting your card, call 1800 1200.

• Phone Number: For customer service, call 1860 210 1200. Note that there could be charges based on your service provider.

Email

• For general queries, mail yestouch@yesbank.in.
• For credit card queries, mail yestouchcc@yesbank.in.
• For Iris Mobile App-related issues, mail yestouch@yesbank.in.

Credit Card Inquiry

• For YES First/Premia credit cards, phone 1800 103 6000.
• For YES Prosperity credit cards, phone 1800 103 1212.

Outside India

• For general queries, call +91 22 4935 0000.

Special numbers for other nations:

• USA: 1833 380 0149
• Canada: 1833 491 0559
• UK: 800 048 9153
• UAE: 8000 3570 2510

WhatsApp Banking:

• To begin with, dial a missed call at +91-82912-01200 to obtain a link through an SMS, or simply send "Hi" on WhatsApp to +91-82912-01200.

Credit Card Closure/Cancellation

• For credit card closure/cancellation, email creditcard.closure@yesbank.in.

YES Bank Zero Balance Account Welcome Kit

Here’s a simplified breakdown of what you can expect to find in a YES Bank Zero Balance Account Welcome Kit

Other advantages of a YES Bank savings account are

• Free RTGS/NEFT transactions: You can initiate free RTGS/NEFT transactions and other utility bill payments via NetBanking.
• Free Demand Drafts: You can avail of Demand Drafts for free through NetBanking or branch, subject to certain limits.
• International Platinum Chip Cards: Subject to request.
• No Minimum Balance Requirement: There is no requirement to have a minimum balance in your account.

Conclusion

YES Bank Zero Balance Account provides you with a stress-free and convenient banking experience. Without any minimum balance requirement, you will not have to worry about charges or penalties. Get free transactions, competitive interest rates, and simple access to digital services. YES Bank has something for everyone whether you are a salaried individual, senior citizen, or student. 

You will receive a complimentary debit card, online banking access, and zero charges for RTGS/NEFT. Open an account fast, simple, and convenient—both online and offline. Keep your money working smarter with YES Bank's Zero Balance Account now!

FAQs related to Yes Bank Zero Balance Account

Q1: What is the transaction limit for YES Bank's Zero Balance Account?

With the YES Bank Zero Balance Account, you get an immediate daily transaction limit of ₹50,000. Additionally, you can make NEFT, RTGS, and UPI transfers via YES ONLINE and YES MOBILE Banking for free, with no extra charges.

Q2: What are the demerits of a Zero Balance Account?

There could be some disadvantages of Zero Balance Savings Accounts, including a low number of free chequebooks, less online banking functionality, or the limitation on a certain number of free transactions per month. 

Q3: Can I get my salary through a Zero Balance Account?

Yes, your Zero Balance Salary Account as a working professional can be the focal point for all your transactions. Your salary is not just credited into this account but it is also possible to send funds from it, invest from it, and carry out your day-to-day expenses.

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