YES Digital Savings Account – Limited KYC
Convenience and comfort with a hassle-free account opening experience.
Introducing a unique Digital Savings Account with limited KYC which unlike a regular Savings
Account, requires minimal identification and verification to open. It offers basic banking services
but comes with restrictions, such as lower transaction limits and limited access to certain features,
compared to a fully verified account. Transactions such as small cash deposits, mobile recharges,
bill payments, and basic digital transactions often fall under the purview of the minimum KYC
Limit.
Key Features of YES Digital Savings Account – Limited KYC:
✓ Instant Account: Fast, secure and paperless account opening
✓ Convenience Banking: Access account details and transact using our digital channels
like YES Online, iris by YES BANK (mobile banking app) & WhatsApp Banking
✓ Virtual Debit Card: Access Virtual Debit Card with instant activation for doing
transactions along with convenience & security.
✓ Free e-Statement facility
✓ YES ROBOT: 24X7 Personal Banking Assistant
The YES Digital Savings Account – Limited KYC has the following restrictions:
Please note that the YES Digital Savings Account – Limited KYC will be governed by the
terms and conditions available here
In addition to these terms & conditions, the following terms will be applicable for this account:
• Total balance limit of Rs. 25,000
• Total credits during the year of Rs. 50,000
• Account validity of 11 months/ 330 days, whichever is earlier.
• In case, full KYC is not completed within 330 days, the account will be closed, and balance
amount will be refunded
• Cheque book will not be available for this account.
• These accounts can only be opened online through select channels.
For Schedule of charges click on the link below https://www.yesbank.in/rates-and-charges
Please click here for Interest Rates applicable on Savings Account
You’ve got questions
We’ve got answers
1. What is a limited KYC Savings Account?
A limited KYC Savings Account is a type of bank account that requires minimal
identification and verification to open. It offers basic banking services but comes with
restrictions, such as lower transaction limits and limited access to certain features,
compared to a fully verified account.
2. What do I need to open a limited KYC account?
Limited KYC account can be opened with Aadhaar linked mobile number. Customer
should have a valid PAN Card & Aadhaar Card.
3. What are the restrictions on limited KYC savings account at YES BANK?
This account has the following restrictions:
• Total balance limit of Rs. 25,000
• Total credits during the year of Rs. 50,000
• Account validity of 11 months/ 330 days, whichever is earlier
• Cheque book will not be available for this account
• In case, full KYC is not completed within 330 days, the account will be closed
and balance amount will be refunded.
4. What happens post account validity?
In case, full KYC is not completed within 330 days, the account will be closed and
balance amount will be refunded.
5. Do I get a Debit Card along with the YES Digital Savings Account – Limited KYC?
Yes, you will get a Virtual Debit Card along with your Savings Account.
