Offer Fulfilled! Yes First Savings Account

[chadsterpiece]

NMC is waived right?

Any SOC doc for yes first?

I don't get it. What's the point of mentioning 10L MAB if there's no charges levied against non maintenance.

Also, the SOC says it's effective from oct 2024?

 

[Slayer]

I don't get it. What's the point of mentioning 10L MAB if there's no charges levied against non maintenance.

Also, the SOC says it's effective from oct 2024?

Yes acc opening guy also said the same thing
No worry of NMC after 5L is credited

 

[chadsterpiece]

Yes acc opening guy also said the same thing
No worry of NMC after 5L is credited

I do have 5L on me but I need it to pay off my CC bills by the end of the month. Would there be a risk involved

 

[Slayer]

I do have 5L on me but I need it to pay off my CC bills by the end of the month. Would there be a risk involved

Same boat actually but what would you do with the account?

I think the most which can happen is that they deduct charges for their dc but as i had mentioned

I mean on paper idfc select is better than whatever this product by yes bank is

 

[chadsterpiece]

Same boat actually but what would you do with the account?

I think the most which can happen is that they deduct charges for their dc but as i had mentioned

You know, just collecting them like they're some gems

 

[Slayer]

 

[chadsterpiece]

Should I pull the trigger? Fund the account with 5L and withdraw it upon account opening or in 10 days time?

 

[MC_007]

I opened this account around 5 months ago , their service is poor and the main problem is you cannot redeem debit card rewards until you maintain the required MAB.

 

[chadsterpiece]

I opened this account around 5 months ago , their service is poor and the main problem is you cannot redeem debit card rewards until you maintain the required MAB.

What did you fund to open it? and the process involved?

I would just use it to avail whatever perks it offers and wouldn't get worked up if any of the promised rewards can't be claimed.

 

[Dazzwilliams]

I don't get it. What's the point of mentioning 10L MAB if there's no charges levied against non maintenance.

Also, the SOC says it's effective from oct 2024?

View attachment 69021

Currently it's 8L MAB.
From Oct, 10L MAB

 

[Riya Sharma]

You got any welcome benefit vouchers or something?

**All voucher offers will be valid for New to bank customers, provided the overall family relationship maintains the following criteria in the next month of account opening
a. Either 8 lakhs CASA AMB or 30 lakhs CASA+FD values
b. Digital debit transaction for INR 1,000 on Net or mobile banking- IMPS/ RTGS/ NEFT/ UPI or digitally book a RD/ FD.
^^ All voucher offers will be valid for New to bank customers, provided the overall family relationship maintains the following criteria in the next month of account opening
a. Either 8 lakhs CASA AMB or 30 lakhs CASA+FD values
b. Digital debit transaction for INR 1,000 by both Primary and Secondary customer on Net or mobile banking- IMPS/ RTGS/ NEFT/ UPI or book a RD/ FD.
* Up to three additional family members/ business accounts can receive the voucher offers
**Only program eligible clients maintaining ₹ 8 Lakhs of average monthly balance in Savings Account or ₹ 30 Lakhs of Net Relationship Value (CASA + FD) in the subsequent month of account opening T&Cs Apply. YES BANK holds the rights to modify or terminate any offer at any given point of time

 

[Dazzwilliams]

I opened this account around 5 months ago , their service is poor and the main problem is you cannot redeem debit card rewards until you maintain the required MAB.

You mean can't redeem reward points or default visa infinite card benefits (like BMS, Lounge access etc) ?

 

[Riya Sharma]

Paisa kab tak nikal sakte 50k IP jo dalenge

As soon as account gets opened. Took less than a day for me. You can login to the app, and view DC details for UPI and also do IMPS

 

[Dazzwilliams]

As soon as account gets opened. Took less than a day for me. You can login to the app, and view DC details for UPI and also do IMPS

Did you remove the 50k?
Also, are you planning to fund 5L or not?

 

[Riya Sharma]

Means they wont upgrade the account to yes first unless and untill we fund 5L in total

This is not true. I have only deposited 3lk up till now

 

[Riya Sharma]

I got a call from my Branch (I did not show interest in Yes Bank CC before this) saying that I ‘have an offer for credit card’. They asked me for my other bank’s cards to do C2C. I told them about Axis and American Express. They said you will get approved.

But I am under 21, do you guys think it will work out?

 

[chadsterpiece]

This is not true. I have only deposited 3lk up till now

Are you maintaining the AMB?

 

[Riya Sharma]

Did you remove the 50k?
Also, are you planning to fund 5L or not?

Not planning to fund 5lk right now. Yes I removed 50k. Nothing happened.

 

[Riya Sharma]

Are you maintaining the MAB?

Not right now. Currently only 1000 in the account, and that too only because there will be a charge of approx 600inr for Yes Securities Elevate plan

 

[Riya Sharma]

I opened this account around 5 months ago , their service is poor and the main problem is you cannot redeem debit card rewards until you maintain the required MAB.

Please expand on what you mean by this. I am not sure if I should use this account for Investing or not. Your experience will be helpful.