Yes Bank Salary Account

Yes Bank

Yes Bank Limited is a private sector bank headquartered in Mumbai, founded in 2004 by Rana Kapoor and Ashok Kapur, with its first branch inaugurated in Lucknow in 2004. Listed on the NSE and BSE, Yes Bank serves retail, corporate, and SME customers through a pan-India network of 1,200+ branches and 2,000+ ATMs and cash recyclers, supported by a strong digital stack. The Yes Bank Salary Account is a dedicated salary programme offered to employees of corporates, IT/ITES firms, and BFSI companies that have an active Yes Bank corporate salary tie-up. The account pays 3.25% p.a. interest on positive balances, in line with the prevailing RBI repo-linked savings rate applicable to domestic deposits below ₹2 crore. It is a true zero-balance account — the Minimum Average Balance (MAB) requirement is fully waived as long as the employer credits the monthly salary into the account on time. If salary credits stop for two consecutive months, Yes Bank reclassifies the account as a standard Yes Bank Savings Account, and the standard MAB slab of the home branch then applies. Account holders can transact on the go through the Yes Mobile and Yes Pay apps, which support UPI, IMPS, NEFT, RTGS, cardless ATM withdrawals, bill pay, FD/RD booking, and credit-card bill pay. The salary account bundles free unlimited NEFT, RTGS, and IMPS transactions, keeping day-to-day fund transfers zero-cost. A complimentary Yes Bank Salary Account Debit Card is issued at account opening, with domestic and international ATM and PoS acceptance, contactless tap-to-pay, and access to Yes Rewardz loyalty points on eligible spends. A bundled personal accident insurance cover and air accident cover is provided to cardholders, with the sum insured notified by Yes Bank at the time of card issuance under the bank's salary programme. On job change, resignation, retirement, or a break in salary credit, the account is automatically converted into a standard Yes Bank Savings Account — the account number, UPI ID, debit card, and netbanking access remain active and no fresh KYC is required. The Yes Bank Salary Account is best suited for salaried employees of corporates with a Yes Bank tie-up, with account opening routed through the employer's HR using Aadhaar, PAN, employer ID, and the latest salary slip. Source: Yes Bank official website, updated May 2026.