Yes Bank Grandeur Account - HNI Account

[omkard]

Hi Everyone,

So I recently opened up the Yes Bank Grandeur Account and the process is effortless. I received an Instant kit while opening the account.

https://www.yesbank.in/personal-banking/yes-individual/programme/yes-grandeur

I registered on the portal and punched in my details and the next day I got a call from the backend and they fixed up a meet with RM.
This account can be opened via different ways but I opened by giving a check of 5L to open it. I gave them the Cheque on Monday 10th, June. It hasn't cleared yet but it has been lodged in my account.
A nice touch to the onboarding process is they brought a plant as a gift of Onboarding(see image below).



The INSTANT kit came in a Satin bag with all the contents within.

The contents include:
1) An introduction letter

2) A letter with debit card attached
3) The Yes Grandeur Brochure
4) A 5 Pages Checkbook.


5) A Mastercard World Debit Card


Benefits of the Grandeur Debit Card:

1) 500 Yes Rewardsz on activation
2) BOGO at BookMyShow
3) Domestic Airport Lounge Access
4) 5% Cashback on Utility and Groceries
5) Zero Markup on Forex transaction and Mastercard Exchange rates
6) Additional Swiggy and Zomato Benefits ( Unspecified in Brochure)
Additional Benefit:

This account makes you directly eligible for applying the YES bank Marquee credit card with no Income Proof Documents. Only catch is it is not LTF, still have to pay joining and annual membership fees.


Eligibility:

• Average Monthly Balance of ₹5 Lakhs OR
• Net Relationship Value of ₹20 Lakhs OR
• Basis Loan Relationship Value

The eligibility criteria can include AMB/NRV maintained by your family, provided they are categorized in the same relationship.

1. Average Monthly Balance (AMB): Average of daily closing balance for the month = Summation of daily closing balance/Actual number of calendar days in the month

2. Net Relationship Value (NRV) will be calculated by aggregating the Average Monthly Balance across Savings and Current Accounts, Fixed Deposits value, Mutual Funds, Insurance premium paid and 25% of Demat holding with YES BANK


My Experience:
Overall I feel that the overall experience is really cheap on what you get in the INSTANT Kit. Other HNI accounts from private banks like Axis, IDFC felt like an experience. I have only got this account only for getting the Marquee card as I was not eligible directly. I have applied for the card and will be updating soon on details.

 

[Vasuki]

The most weirdest part is that the IFSC code that I've received "YESB0001450" isn't even mentioned on Yes bank's own website and neither on any IFSC code info website. The branch that's mentioned on the cheque book is available on Google Maps but its listing on maps was created 3 weeks ago. There's no mention about this branch anywhere on Yes bank's website. I almost thought I was scammed by some high level thugs but fortunately when I added the IFSC Code via my IDFC bank as a payee it showed up as a valid IFSC code. Phew

U can change branch once your cc get approved

 

[Bhavik Kamthe]

U can change branch once your cc get approved

Thanks for sharing this info, I'll do it.

 

[theflash]

The most weirdest part is that the IFSC code that I've received "YESB0001450" isn't even mentioned on Yes bank's own website and neither on any IFSC code info website. The branch that's mentioned on the cheque book is available on Google Maps but its listing on maps was created 3 weeks ago. There's no mention about this branch anywhere on Yes bank's website. I almost thought I was scammed by some high level thugs but fortunately when I added the IFSC Code via my IDFC bank as a payee it showed up as a valid IFSC code. Phew

Maybe a new branch opened near your area recently so...

 

[theflash]

Tried but still the same interface, not switching to Grandeur

Interface is same for all accts in app. Just account variant shown will change to YES GRANDEUR.

 

[omkard]

Final Update:
Got the Marquee On 8th July, 2024 after couple escalations done to the presedential complaints desk and back and forth with the BM.
Next step:
1) Increase credit limit (Currently- 50k)
2) Get Add on card.

 

[theflash]

Next step:
1) Increase credit limit (Currently- 50k)

Do lemme know what route you follow and what outcome you get I've the same limit.

But have highest 340k limit in my CIBIL.

 

[theflash]

Got the Marquee On 8th July, 2024 after couple escalations done to the presedential complaints desk and back and forth with the BM.

Why what was the issue exactly?

I had delay as well

The application form was picked up on 14th June

The agent didn't put it in process on 14/15 and 16/17 was holiday he applied on 18th

Received application message on 19th 00:00 regarding application and enquiries

Verification call done on 23/24 and home visit the same day and then Approved same day.

 

[Bhavik Kamthe]

Update on my Marquee Credit Card application:

Since I already have Uni NX Wave Credit Card by Yes Bank they were unable to process my YES Marquee credit card citing that Yes bank has 1 card policy :/ It sucks to know that some banks are still living in Stone Age.

 

[theflash]

Did you ask them if you close uni nx will you get Marquee?

 

[Ra.One]

Still worthwhile to open a Grande a/c for Marquee, since the JF has been reduced to 40k, or should I try for Reserv 3X or Axshit Atlas?

 

[Bhavik Kamthe]

Did you ask them if you close uni nx will you get Marquee?

No actually I would like to have the NX CC since it's the only zero forex CC that I have. I'll wait until YES bank allows multiple CCs

 

[realrrishi]

No actually I would like to have the NX CC since it's the only zero forex CC that I have. I'll wait until YES bank allows multiple CCs

how to add family banking in grandure , do i have open new accounts with 5l deposits to add in my family or normal accounts can be liked in my grandure account and what is the procedure to do? Branch person will help or customer care?

 

[reach2dpg]

how to add family banking in grandure , do i have open new accounts with 5l deposits to add in my family or normal accounts can be liked in my grandure account and what is the procedure to do? Branch person will help or customer care?

Grandeur account holders have a relationship manager who takes care these requests. I don’t have grandeur account, but have family banking in other banks. In my experience RM will take our request and add the accounts to the single family banking group. All benefits of the primary account are extended to the other accounts within the group.

 

[phoenix1386]

Grandeur is the gate to pre-approved Marquee...

With a credit limit that has ONE ZERO MISSING at the tail end.

 

[phoenix1386]

UPDATE:

I received my welcome kit and it was of Grandeur. I can confirm that Grandeur is a program and not an account variant. My welcome letter mentions my account type as "Savings Account Pro Max".

When I login into the net banking portal I do see the "Grandeur" logo on the top left side of the screen and the dashboard's theme is gold coloured however my mobile IRIS app still doesn't show Grandeur status. Maybe it's bugged or maybe it's because I had already logged into IRIS via my UNI NX Wave CC.

I've applied for YES Marquee CC, hopefully it should get approved soon.

Which branch? Please share IFSC.

EDIT: Never mind, found it. Is this a new branch? Did they give you any leeway in IP?

 

[theflash]

With a credit limit that has ONE ZERO MISSING at the tail end.

It is as per your IP

5L - 50k
10L - 1L
20L - 2L
30L - 3L

 

[phoenix1386]

It is as per your IP

5L - 50k
10L - 1L
20L - 2L
30L - 3L

I understand, I was just mentioning the starter limit.

 

[navdeep22]

One of my friend is in yesbank, he said keep 5 lakh for 3 months. So I am planning to open this account in a few days, and will keep money for 3 months

 

[Bhavik Kamthe]

Which branch? Please share IFSC.

EDIT: Never mind, found it. Is this a new branch? Did they give you any leeway in IP?

No leeway was given in IP

Branch: Ghatkopar West
IFSC: YESB0001450 (This IFSC code shows 0 results on Google and even on YES Bank's own website)

 

[Bhavik Kamthe]

how to add family banking in grandure , do i have open new accounts with 5l deposits to add in my family or normal accounts can be liked in my grandure account and what is the procedure to do? Branch person will help or customer care?

While account opening they ask whether you want to add any family member, even if you don't add a family member at the time of account opening you can add them later by contacting your dedicated RM.