Yes First Savings Account with 5L Initial Funding

[Deleted member 3355]

Dear Members

I was offered Yes First Savings account with Initial Funding of 5Lakhs. Please suggest is it worth to apply Yes First account?

I was told that this is 0AMB account and no downgrade happens if there are no funds in account. I have ICICI Wealth and HDFC Imperia accounts.

Thanks

 

[MusicalMind]

Get that zero mab promise in writing first then open account normal mab for these types of account is 8 lakhs

 

[Dr.Anand456Dr.Anand456 is verified member.]

Could you please guide me on how to open a Yes Bank First Savings Account without any minimum balance?

 

[VasukiVasuki is verified member.]

Dear Members

I was offered Yes First Savings account with Initial Funding of 5Lakhs. Please suggest is it worth to apply Yes First account?

I was told that this is 0AMB account and no downgrade happens if there are no funds in account. I have ICICI Wealth and HDFC Imperia accounts.

Thanks

Any update .

 

[doraemon]

Any specific benefit of this account?
Is it no mab account???

 

[CardAnalytics]

Any update .

I had opened with promise of zero AMB wih 5lakh initial funding but there is nothing in writing

After two months i got calls from Mumbai office asking me to maintain 8lakh MAB..

Local branch people says ignore those calls

I donot recommend opening SB without written 0 zero AMB from Yes bank

 

[VasukiVasuki is verified member.]

I had opened with promise of zero AMB wih 5lakh initial funding but there is nothing in writing

After two months i got calls from Mumbai office asking me to maintain 8lakh MAB..

Local branch people says ignore those calls

I donot recommend opening SB without written 0 zero AMB from Yes bank

Hehe
Zero amb meaning - no non maintenance charges
So keeping keeping zero amb doesn't do harm

Ofcourse any hni account will have to be maintained & branch PPL are in many bank responsible for hni program not customer care.


Thanks for insights..
Any benefits you got because of it!

 

[doraemon]

Hehe
Zero amb meaning - no non maintenance charges
So keeping keeping zero amb doesn't do harm

Ofcourse any hni account will have to be maintained & branch PPL are in many bank responsible for hni program not customer care.


Thanks for insights..
Any benefits you got because of it!

Can a hni program makes SBI sloths work faster?

 

[Shubham Yadav]

Can a hni program makes SBI sloths work faster?

SBI = Work faster

I don't think so

 

[its_karan]

Can a hni program makes SBI sloths work faster?

SBI = Work faster

I don't think so

SBI toh Supreme Court se bhi Time Mangta hai bhai

Hum kya cheez hain

 

[atx]

I had opened yes first account with 5L IP last year in April.
Since then maintained 5L only, actually a bit less, somewhere between 4L-4.5L

But not downgraded yet. No calls even for maintaining 8L yet, not a single call from anyone.
Though some of their reward point related regular emails do mention that Yes First related accelerated rewards will be given only if 8L is maintained. But I don't do any txns as such so not bothered about their rewards.

I added my spouse's existing normal savings account to family banking (this account not maintaining even 20k-30k), making it First as well. However, they're not giving eclectic dc on this account. Everytime I call them, they say eclectic is paid upgrade. They just don't agree that eclectic dc is complimentary for Yes First accounts.

 

[diptarkaroy]

I visited local yes bank branch for my marquee card add on application
They were insisting me to open yes grandeur account with 5L IF

After seeing this post, I’ll request them to go for yes private account with 5L IF

 

[diptarkaroy]

Dear Members

I was offered Yes First Savings account with Initial Funding of 5Lakhs. Please suggest is it worth to apply Yes First account?

I was told that this is 0AMB account and no downgrade happens if there are no funds in account. I have ICICI Wealth and HDFC Imperia accounts.

Thanks

Did you actually open that account?

 

[jetesh]

Yes, they don't downgrade the account

 

[cc_dc_explorer]

I visited local yes bank branch for my marquee card add on application
They were insisting me to open yes grandeur account with 5L IF

After seeing this post, I’ll request them to go for yes private account with 5L IF

I think you can’t open Yes private with just 5L funding. You might be talking about Yes First.

Also, what is your status on account opening ?

 

[diptarkaroy]

I think you can’t open Yes private with just 5L funding. You might be talking about Yes First.

Also, what is your status on account opening ?

Yeah sorry, I meant yes first

I got my marquee add on card… so not very much interested for HNI account opening

However, if the BM pursues I’ll request for First account instead of Grandeur

 

[atx]

Yes, they don't downgrade the account

but they're smartly connecting several benefits to your actual AMB... so it is like soft downgrade...

You'll see Yes FIRST badge in netbanking, but if 10L is not maintained, they might charge you 2499+gst for debit card, no lounge access, bms anyway doesn't work on eclectic dc (unless you book right at the moment when quota opens), etc

 

[jetesh]

but they're smartly connecting several benefits to your actual AMB... so it is like soft downgrade...

You'll see Yes FIRST badge in netbanking, but if 10L is not maintained, they might charge you 2499+gst for debit card, no lounge access, bms anyway doesn't work on eclectic dc (unless you book right at the moment when quota opens), etc

Oh. . ..

 

[connection01]

but they're smartly connecting several benefits to your actual AMB... so it is like soft downgrade...

You'll see Yes FIRST badge in netbanking, but if 10L is not maintained, they might charge you 2499+gst for debit card, no lounge access, bms anyway doesn't work on eclectic dc (unless you book right at the moment when quota opens), etc

Where is it mentioned that DC will be charged?
I have an account in Yes Bank since 2012, not sure since when its of the Yes First category.

Since 2013 to 2018 I kept 0 balance and I wasn't charged a single rupee for anything.
2019-2023 I kept above 5L and not I have drained it again, so curious if that DC fee things is true because when they changed my card to Electic a few month ago the card came with a terms sheet it was mwntioned on that sheet that there won't be any fee for debit card. (I don't have that page with me anymore)

 

[atx]

Where is it mentioned that DC will be charged?
I have an account in Yes Bank since 2012, not sure since when its of the Yes First category.

Since 2013 to 2018 I kept 0 balance and I wasn't charged a single rupee for anything.
2019-2023 I kept above 5L and not I have drained it again, so curious if that DC fee things is true because when they changed my card to Electic a few month ago the card came with a terms sheet it was mwntioned on that sheet that there won't be any fee for debit card. (I don't have that page with me anymore)

2013-18 things were very different bro. Now the whole management is with a different bank.

Its mentioned that there is no fee for eclectic dc for yes first acc. But if your account is downgraded and no longer yes first, and you still hold eclectic dc, it won't qualify for zero fee. Not sure if they'll automatically close eclectic dc upon yes first downgrade of remind you about it or not.