YES Bank Savings Account Interest Rates

YES Bank Savings Account Interest Rates 2026

YES Bank follows a slab-based interest rate structure, meaning the rate you earn depends on how much balance you maintain in your account. Interest is calculated daily on the closing balance and credited to your account on a quarterly basis.

Here are the current interest rates:

Note: Rates are effective from 7th April 2026. YES Bank reserves the right to revise rates at its discretion. Always verify current rates on the official YES Bank website before opening an account.

Minimum Balance Requirement for Yes Bank Savings Account

YES Bank's minimum balance requirement varies by account type. The standard monthly average balance (MAB) across most accounts is Rs. 10,000, though premium variants require more.

Failing to maintain the required balance attracts a non-maintenance penalty, which ranges from Rs. 100 to Rs. 750 depending on the account type and city category.

How are Yes Bank Saving Account Interest Rates Calculated – With Example

The formula used to calculate monthly interest is:

Monthly Interest = Daily Closing Balance × Number of Days × (Rate/100) ÷ 365

Example: Say you maintain a balance of Rs. 5 lakh in your account and the applicable rate is 3% p.a.

• Interest on Rs. 1 lakh = 1,00,000 × 30 × (3/100) ÷ 365 = Rs. 246 (approx.)
• Interest on remaining Rs. 4 lakh = 4,00,000 × 30 × (3/100) ÷ 365 = Rs. 986 (approx.)
• Total monthly interest = Rs. 1,232 (approx.)
• Annual interest = Rs. 14,784 (approx.)

This is then credited to your savings account at the end of each quarter.

Types of YES Bank Savings Accounts

YES Bank savings account offers multiple variants, each designed for a specific customer segment.

1. YES Prosperity Pro Max (Pro, Pro Plus, Pro Max)

   YES Bank's flagship savings account comes in three tiers. All three offer the YES Rewardz loyalty programme, debit card with lifestyle benefits, and locker discounts.

   • Pro: AMB Rs. 10,000 | Debit card benefits worth Rs. 21,000 | 30% locker waiver (Year 1)
   • Pro Plus: AMB Rs. 25,000 | Debit card benefits worth Rs. 23,000 | 30% locker waiver (Year 1)
   • Pro Max: AMB Rs. 50,000 | Debit card benefits worth Rs. 1,17,615 | 50% locker discount (Year 1), 10% thereafter | Amazon Prime (2 months), Uber, BigBasket, and Domino's vouchers | 5x Rewardz on select transactions

2. YES Respect – Senior Citizen Savings Account

   Built for customers aged 60 and above, this account offers:

   • Free ATM withdrawals at all YES Bank branches
   • 5% additional interest on YES Bank fixed deposits
   • Free cyber insurance worth Rs. 1 lakh in the first year
   • Priority customer service with a dedicated banking assistant
   • Complimentary lifetime debit card

3. YES Digital Savings Account

   For those who prefer banking from home, this account can be opened entirely online. It comes in two formats: a limited KYC version (valid for 12 months, no minimum balance, restricted features) and a full Video KYC version (lifetime validity, AMB of Rs. 10,000, full banking access). The limited KYC version is a good starting point for first-time account holders.

4. YES Women Savings Account

   Designed exclusively for women, this account includes:

   • Auto-sweep facility: balance above Rs. 75,000 automatically converts to an FD
   • Customised ENGAGE debit card with lifestyle benefits
   • 5x reward points on domestic retail spends
   • Higher daily ATM withdrawal and POS transaction limits

5. Regular Savings Account (Pro & Pro Plus)

   The standard savings account for resident individuals. The Pro variant (AMB Rs. 10,000) offers a 10% locker waiver in the first year, while the Pro Plus variant (AMB Rs. 25,000) offers a 30% waiver along with the ENGAGE debit card and preferential pricing on loan products.

6. My First YES – Minor Savings Account

   Designed for children from birth to 18 years. Parents or guardians can manage the account and set customized withdrawal limits on the debit card. The account instils savings habits early and allows investments in FDs and recurring deposits.

7. YES Family Savings Account

   A premium account for families who want consolidated banking. The overall family relationship needs to maintain either Rs. 8 lakh in savings/current accounts or Rs. 30 lakh including fixed deposits. Two variants are available, YES First-YES Family (with lounge access, reward points, and a complimentary Taj Hotels voucher worth Rs. 5,000) and YES Premia-YES Family (with a dedicated relationship manager and complimentary health membership).

8. Pradhan Mantri Jan-Dhan Yojana (PMJDY) Account

   A government-mandated zero-balance account for the unbanked population. It comes with a RuPay debit card, unlimited ATM access, accidental insurance coverage, and access to basic banking and remittance services, all without any minimum balance requirement.

Key Features at a Glance of Yes Bank Savings Account Interest Rates

• Interest credited quarterly, calculated on daily closing balance
• Free NEFT/RTGS transfers through net banking
• UPI, mobile banking, and SMS banking available on all account types
• Large ATM network, 5 free transactions per month at non-YES Bank ATMs
• YES Rewardz loyalty programme for earning and redeeming points
• Video KYC-based account opening for most variants
• Doorstep banking services available

Tax on Yes Bank Savings Account Interest Rates

Interest earned on a YES Bank savings account is taxable under the head "Income from Other Sources" and must be declared while filing income tax returns. However, individuals and HUFs can claim a deduction of up to Rs. 10,000 per year on savings account interest under Section 80TTA of the Income Tax Act. For senior citizens, this limit is Rs. 50,000 under Section 80TTB.

Conclusion

YES Bank's savings account lineup covers a wide range of customer needs — from basic zero-balance accounts to premium family banking products. The slab-based interest structure means higher balances earn better returns, going up to 4% per annum. Whether you are just starting out or looking for a full-featured account with lifestyle benefits, YES Bank has a variant worth considering. Compare the minimum balance requirements and features carefully before choosing the one that fits your financial habits.