Urban Money

YES Bank

YES Bank
4.5

A ‘Full-Service Commercial Bank’, YES Bank offers an attractive range of technology, services, and products catering to MSMEs, retail and corporate clients with a close-knit network of 1000 branches and 1800 ATMs pan India. YES Bank handles its Merchant banking, Investment banking, and Brokerage businesses via YES SECURITIES, the bank’s completely owned subsidiary. The key financials of YES Bank include 11.6% growth in the balance sheet, a stable net interest margin of 2.8%, 5.9% growth in deposits, and a CASA ratio of 30.2%.

Products offered by YES Bank

  • Home Loan
Loan Amount:₹10L - ₹10Cr
Interest Rate:Up to 6.7%
Processing Fee:Up to 2%
Tenure:35 Years
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  • Personal Loan
Loan Amount:₹1L - ₹40L
Interest Rate:Up to 10.75%
Processing Fee:2% - 2.5%
Tenure:5 Years
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  • Loan Against Property
Loan Amount:₹3L - ₹5Cr
Interest Rate:Up to 8%
Processing Fee:1% - 3%
Tenure:15 Years
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  • Business Loan
Loan Amount:Up to ₹50L
Interest Rate:16% - 19.99%
Processing Fee:2% - 2.5%
Tenure:5 Years
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ProductsInterest RateProcessing FeeLoan Amount/Tenure
Home Loan

Up to 6.7%

Up to 2%

₹10L - ₹10Cr

Tenure(1 - 35 Years)

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Personal Loan

Up to 10.75%

2% - 2.5%

₹1L - ₹40L

Tenure(1 - 5 Years)

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Loan Against Property

Up to 8%

1% - 3%

₹3L - ₹5Cr

Tenure(Up to 15 Years)

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Business Loan

16% - 19.99%

2% - 2.5%

Up to ₹50L

Tenure(1 - 5 Years)

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Features and Benefits of Yes Bank

A growing brand, YES Bank offers a variety of features and benefits to its customers on different products and services. Some of them are:

  • Corporate clients are offered a whole range of banking and investment services, both international and domestic.
  • YES Bank covers major cities and towns through its strategic branch networking.
  • Special efforts for the sunrise sectors aiming at sustainable growth with a knowledge-driven approach.
  • Convenient in-your-hand services through Mobile Banking.
  • Special services through transaction banking and investment banking.
  • Attractive rate of interest and convenient repayment tenures for loans.

Overview of Yes Bank

A ‘Full-Service Commercial Bank’, YES Bank offers an attractive range of technology, services, and products catering to MSMEs, retail and corporate clients with a close-knit network of 1000 branches and 1800 ATMs pan India. 

YES Bank handles its Merchant banking, Investment banking, and Brokerage businesses via YES SECURITIES, the bank’s completely owned subsidiary. Headquartered in Mumbai, YES Bank functions across India and globally including an IBU at GIFT City and a Representative Office in Abu Dhabi. 

The key financials of YES Bank include 11.6% growth in the balance sheet, a stable net interest margin of 2.8%, 5.9% growth in deposits, and a CASA ratio of 30.2%.

Services Offered by YES Bank 

The major products offered by them are:

Loan Against Property

YES Bank’s Loan Against Property can be used to fulfil professional, personal, and business requirements of the borrower. The loan can be availed against commercial, industrial, residential, school, warehouse properties and for the purchase of commercial property for a flexible tenure of up to 15 years. You can avail of a loan amount of up to ₹10 crores with dropline overdraft and balance transfer facilities.

Personal Loan

You can avail of a personal loan of up to ₹40 lakh from YES Bank to fulfil your emergency financial needs. Long repayment loan tenures ranging from 12 to 60 months help ease the burden on your monthly budget. YES Bank offers a lucrative rate of interest starting from 10.99%. It offers a speedy approval of your loan without having to offer collateral.

Business Loan

YES Bank offers a collateral-free business loan to self employed professionals, partnerships, sole proprietorships, closed held companies, limited liability partnerships, and Pvt. Ltd. company. A loan amount of up to ₹50 lakh is offered with a flexible repayment tenure ranging from 12 to 60 months.

Home Loan

YES Bank provides home loans that can help you realise your dreams with loan top-up and loan transfer facilities. The interest rates on home loans start from 6.70% with a meagre processing fee of 2% on the loan amount. You can avail of a loan amount of ₹10 lakh to ₹10 crores with YES bank.

Other products and services include:

  • Digital Salary Account
  • Savings Account
  • Current Account
  • Fixed Deposits
  • Recurring Deposits
  • NRI Savings Account
  • NRE Savings Account
  • YES First
  • YES Premia
  • Online Banking
  • NetBanking Services
  • Credit Card
  • Credit Card Services
  • Debit Card
  • Corporate Loans
  • Commercial Vehicle Loan
  • Construction Equipment Loan
  • Affordable Housing Loan
  • Loan in Seconds
  • Bike Loan
  • Car Loan
  • Gold Loan
  • Loan Against Securities
  • YES Sampoorna Micro LAP
  • Healthcare Industrial Printing Loan
  • Credit Card Bill Payment
  • Services for Senior Citizens & Customers with Disabilities
  • Aadhaar Enrolment Facility

Products Categories Under YES Bank

The product group of YES Bank is divided into 4 major categories:

YES MSME

A digital banking suite that provides a one-stop solution for small businesses to access and have complete control over their business finances through a single platform. 

Investment Banking Solutions

Excellent relations with the financial investors, tax and legal firms provide value-added benefits to the clients. YES Bank has boutique investment firms that are based in the USA, Europe, and Asia. 150 transactions have been processed since the inception of this product.

Mobile Solutions

Convenient mobile solutions are provided to the customers so that they can ensure that their finances are intact. The features include mobile banking application, Immediate Payment Service (IMPS), YES SECURE Desktop application, SMS Banking, Missed Call Banking, and YES App Store.

Transactions Banking Solutions

YES Bank Transaction Banking Group offers world-class services with a global footprint, enhanced information management, certified and benchmarked processes and systems. It is a core product that manages the Financial Supply Chain Management of corporates on both the international and domestic front.

YES Bank Corporate Office Details

Check out the contact information of YES Bank Corporate Office below:

  • YES Bank Head Office Address: Yes Bank Limited, Nehru Centre, 9th floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai-400018, India
  • Head Office Email ID: [email protected]
  • Head Office Fax Number: +91-22-24900314

FAQs

From refinancing to reducing your interest, we have the answers right here.

Can I open a YES bank account online?

Yes, you can open a YES Bank account online by visiting the bank website, submitting your details and uploading documents.

How many types of accounts are there in YES BANK?

YES Bank offers 5 different types of savings account options, each having their own features and benefits.

What is the minimum balance in YES BANK?

The minimum amount requirement for maintaining a savings account in YES Bank is Rs. 10,000. However, this can be waived off by maintaining a minimum FD account of Rs. 50,000.

What is the daily transaction limit in YES Bank?

The daily transaction limit for a YES Bank account is Rs.1,00,000.

What is MPIN in Yes Bank?

An MPIN is a 6-digit PIN that is set up during the registration process required to authenticate any transaction.

What is the YES Bank IFSC code?

The first four characters of a YES Bank IFSC code is YESB, followed by 0. The last 6 characters are usually numeric and are used to represent a branch code.

What is YES Bank SWIFT code in India?

The YES Bank SWIFT code in India is YESBINBBXXX.

What are the benefits of YES Bank?

Some of the benefits of YES Bank are free NEFT/RTGS payment facility, exciting debit card offers, unlimited access to ATMs.

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