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What is your main purpose of this account?
What makes you yes bank account so attractive?
you mean Term Depoists? If os how much money we are talking about , ball park figure
when you have that sort of money ready to put in as FD , I am just thinking what other value we can extract from this apart from Interst on FD.
Are you looking for any other benefit that will be useful for you in addtion to Interst income on the FD from your future banker?
From this below table( highest rates on FD ), you can consider " AU small finance bank , YES bank and IndusInd for your FD investment and still try to get some other additional benefit..
hellobois
TF Legend
If you are only after FD returns then I would suggest to open FD in 2-3 small finance banks as well. Max 4.5 lakh in each bank to secure your principal amount.
They are offering upto 8.5% FD returns.
You can open only FD account with them via online portal. No need to visit the branch. Digital receipt will be sent on email.
Diversification is FD.
Vrushank
TF Select
Wow Thanks for information
hellobois
TF Legend
if you need a bonus over fd then dm me. i have a suggestion for you.
I am banker working in Yes Bank. I can help you with all your Querries.
hellobois
TF Legend
Looking at your name one can understand that you are a very motivated employee. Very dedicated and loyal one.
One of a kind.
Just tell me if there is any benefit of opening Premia Savings Account?
I heard that it can be opened with 2 lakh IP and debit card is free.
What of someone transfer the IP amount or books and FD of 2 lakh? Any changes in the account status or any chance of account downgrade?
You can DM me if you want.
Thanks 👍 😊
Hi,
Myself Sanju Kumavat
Yes Premia Savings Account needs IP of 2lac to open account. However to maintain the program benefit you will need to maintain the Program Criteria. There is no charge if you don't maintain the balance for certain period of time (Few Months/year)* but if you continuously don't maintain for longer time than it will lead to downgrade of Account.
Program Critera - 2lac CASA; 10lac NRV/ (Net relationship value/Total Relationship Value) ; 1.5lac Salary credit per month or based on the Loan Relationship.
Net Relationship Value (NRV) will be calculated by aggregating the Average Monthly Balance of Savings and Current
Account, Fixed Deposits value, Mutual Funds, Insurance Premium Paid and 25% of Demat Holdings with YES BANK.
Premia Account has no charge on non maintenance of AMB,
RTGS, NEFT, DD - 10 per month, Forex Remittances Flat Rs 500 per transaction, and much more....
Other Benefits like
- Avail complimentary locker facility for the first year* and lifetime discount of
20% thereafter, on all locker rentals
- Free Demat Account with 1st year free AMC and 50% discount with 2nd onwards, and upto 10lac of brokerage free trades.
Interest rate of Account and FD's
- Savings Account Balance interest rate 7%*
- FD rates up to 8.50% for Senior Citizens and up to 8% for other Individuals.
- other investment options like MF, SIP, PPF, etc
Premia Account comes with Free Debit Card worth Rs 1249+ Taxes.
- Zero Cross Currency Markup Charges
- Complimentary access to domestic airport lounges
- 50% discount on movie tickets, food combos & non-movie tickets on booking through BookMyShow
- Earn 2x YES Rewardz on domestic and 4x YES Rewardz on international retail spends
- Instant savings via fuel surcharge waiver at fuel stations across India
- Green Fee waiver for accessing select premium golf courses in India
- Special offers across Dining, Shopping, Travel, Entertainment and more
- Higher Insurance coverage offering enhanced security
^Lost Card Liability Protection up to ₹3 Lakhs
^Purchase Protection Insurance up to ₹25,000
^Personal Accident Insurance up to ₹10 Lakhs
^AirAccident Death Insurance up to ₹50 Lakhs
You Can also open your Family Members Premia Account with IP of 25k and it will merged to your Primary Account. No need to maintain balance in each account. You can maintain the balance in one account also or multiple also.
However, while adding your family members you will get additional benefits like Special Vouchers worth Rs 2000, Health Care Benefits, Yes Rewardz and much more...
QnA
1) I heard that it can be opened with 2 lakh IP and debit card is free.
Ans) Yes, it is true and Debit card is Free
2) What of someone transfer the IP amount or books and FD of 2 lakh? Any changes in the account status or any chance of account downgrade?
Ans) There are is no Charges for NON Maintenance of AMB as far as you are part of the Program.
You can also make an FD of 10lacs in account and make your account Nil maintenance of AMB (0 Bal by keeping 10 lacs of FD)
For More details you can reach out to me.
Thanks & Regards,
Sanju Kumavat
Mob - 7028099985
Myself Sanju Kumavat
Yes Premia Savings Account needs IP of 2lac to open account. However to maintain the program benefit you will need to maintain the Program Criteria. There is no charge if you don't maintain the balance for certain period of time (Few Months/year)* but if you continuously don't maintain for longer time than it will lead to downgrade of Account.
Program Critera - 2lac CASA; 10lac NRV/ (Net relationship value/Total Relationship Value) ; 1.5lac Salary credit per month or based on the Loan Relationship.
Net Relationship Value (NRV) will be calculated by aggregating the Average Monthly Balance of Savings and Current
Account, Fixed Deposits value, Mutual Funds, Insurance Premium Paid and 25% of Demat Holdings with YES BANK.
Premia Account has no charge on non maintenance of AMB,
RTGS, NEFT, DD - 10 per month, Forex Remittances Flat Rs 500 per transaction, and much more....
Other Benefits like
- Avail complimentary locker facility for the first year* and lifetime discount of
20% thereafter, on all locker rentals
- Free Demat Account with 1st year free AMC and 50% discount with 2nd onwards, and upto 10lac of brokerage free trades.
Interest rate of Account and FD's
- Savings Account Balance interest rate 7%*
- FD rates up to 8.50% for Senior Citizens and up to 8% for other Individuals.
- other investment options like MF, SIP, PPF, etc
Premia Account comes with Free Debit Card worth Rs 1249+ Taxes.
- Zero Cross Currency Markup Charges
- Complimentary access to domestic airport lounges
- 50% discount on movie tickets, food combos & non-movie tickets on booking through BookMyShow
- Earn 2x YES Rewardz on domestic and 4x YES Rewardz on international retail spends
- Instant savings via fuel surcharge waiver at fuel stations across India
- Green Fee waiver for accessing select premium golf courses in India
- Special offers across Dining, Shopping, Travel, Entertainment and more
- Higher Insurance coverage offering enhanced security
^Lost Card Liability Protection up to ₹3 Lakhs
^Purchase Protection Insurance up to ₹25,000
^Personal Accident Insurance up to ₹10 Lakhs
^AirAccident Death Insurance up to ₹50 Lakhs
You Can also open your Family Members Premia Account with IP of 25k and it will merged to your Primary Account. No need to maintain balance in each account. You can maintain the balance in one account also or multiple also.
However, while adding your family members you will get additional benefits like Special Vouchers worth Rs 2000, Health Care Benefits, Yes Rewardz and much more...
QnA
1) I heard that it can be opened with 2 lakh IP and debit card is free.
Ans) Yes, it is true and Debit card is Free
2) What of someone transfer the IP amount or books and FD of 2 lakh? Any changes in the account status or any chance of account downgrade?
Ans) There are is no Charges for NON Maintenance of AMB as far as you are part of the Program.
You can also make an FD of 10lacs in account and make your account Nil maintenance of AMB (0 Bal by keeping 10 lacs of FD)
For More details you can reach out to me.
Thanks & Regards,
Sanju Kumavat
Mob - 7028099985
Last edited:
I have Grandeur A/c and I am planning to close it as I'm not using it, just opened for Marquee CC. Have 2 Savings Pro accounts as well that I opened to get Add-on. Now I'm thinking should I link all these and keep until downgraded or should I close all together now itself? Is there a possibility to get it closed for free without any charges?
hellobois
TF Legend
Thanks for the detailed reply.
One follow up question -
1. Do we get any advance intimation for downgrade or debit card charges if we do not maintain the amount for long like 1 year or more?
2. If someone has availed locker benefits and debit card and not maintained the amount for 1 year then he/she will be charged for locker and debit card as well?.
3. Any other additional benefit for women customer if they open premia savings account?
Thanks
Closure of account within one year is chargeable. However after 1 year there is no charge for closure of account.
Thanks,
Do we get downgrade intimation?
Is it possible to group family members account to my grandeur and keep until the downgrade notice and then close all?
you got marquee by opening a bank account? let me know how i’m interested
how do i avail this?
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