Private sector lender YES Bank has announced changes in the fee structure for salary accounts, defence accounts, and merchant accounts.
The new charges will be effective from October 1, 2025.
Customers of Smart Salary accounts and YES Vijay accounts, along with Merchant Easy and Merchant Prime current accounts, will be affected.
Smart Salary Accounts
Debit Card Charges:
Smart Salary Advantage: RuPay debit card at a joining fee of ₹199.
Smart Salary Exclusive & higher: Engage or Explore debit cards.
Fees will be waived if monthly salary credit or AMB (Average Monthly Balance) of ₹10,000 is maintained.
ATM Transactions:
Other Bank ATMs: 3 free transactions in metro cities, 5 in non-metro.
After free limit: ₹23 per financial transaction, ₹10 per non-financial.
International withdrawal: ₹150; balance inquiry: ₹20.
Cheque & ECS Returns:
Cheque return: ₹500 first time, ₹750 thereafter.
ECS return: ₹550 first time, ₹600 thereafter.
Zero Balance Rule:
Salary accounts remain zero balance. But if no salary credit is received for 3 months, account will be converted to a regular savings account with non-maintenance charges (up to ₹750).
YES Vijay Accounts
Debit Card: Free Element and Engage debit cards.
Cash Transactions: Free up to ₹1 lakh or 2 transactions per month at branch/bulk note acceptor. After this, ₹4.5 per ₹1,000 (minimum ₹150).
Cheque & ECS Returns
Cheque return: ₹350 first time, ₹750 thereafter.
ECS return: ₹500 first time, ₹550 thereafter.
Defence & Pension Accounts
Unlimited free transactions at YES Bank ATMs.
Free NEFT/RTGS (both inward & outward).
All digital banking services remain free.
Merchant Easy & Merchant Prime Accounts
Cash Deposit Limits:
Merchant Easy: Free up to 12x of last month’s AMB (max ₹1.5 crore).
Merchant Prime: Free up to 15x of last month’s AMB (max ₹5 crore).
Above this limit: ₹4 per ₹1,000 (minimum ₹50).
Small Notes & Coins:
Free deposit of small notes up to ₹10,000/month; above that 2% charge.
Coin deposits free up to ₹1,000; after that 5% charge.
AMB Requirement:
Merchant Easy: ₹25,000.
Merchant Prime: ₹50,000.
Penalty: ₹250–₹500 for shortfall.
AMB charges waived if required transaction value is met via POS, QR, or Soundbox.
Fund Transfers:
NEFT, RTGS, intra-bank transfers: Free.
IMPS: First 5 free, then ₹2.5–₹15 per transaction.
Other Charges:
Debit Card: Element Business Card, annual fee ₹349.
International withdrawal: ₹150; balance inquiry: ₹20.
Other Bank ATMs: 3 free in metros, 4 free in non-metros. After that, ₹23 per financial transaction and ₹10 per non-financial.
Cheque/ECS return: ₹750.
Technical cheque return: ₹50. Outstation collection: ₹100.
Printed statement: ₹100. Account closure: ₹500–₹750.
SMS, email alerts, and most digital services remain free.
