Offer Fulfilled! Yes First Savings Account

[Pissant]

Tried opening this account, but was unable to do upi, the transaction getting rejected everytime, tried from sbi and IDFC phone pe and sbi gpay. It failed. Got a call from yes bank customer care, who after failing to get the process going, connected me with the nearest branch executive (25 km away) he asked for 10L IP which I already told the customer care that he would. And I am not going to fund 10L initially. So the customer care asks me to go for premia or gradeur. But I insisted that I would do it digitally. So he said he will try to resolve the issue and get back to me.

That's all still stuck. Unable to UPI

Something similar happened to me like I stated in an edit at the bottom of the Original post. HDFC, IDFC and IndusInd all blocked the transaction. Only Axis worked.

 

[Luxe]

Something similar happened to me like I stated in an edit at the bottom of the Original post. HDFC, IDFC and IndusInd all blocked the transaction. Only Axis worked.

Yes I read it, unfortunately my axis upi is weirdly stuck, I blocked my card as it was lost and now I am unable to use upi, while registering on axis app it says you need to activate debit card. And on gpay and phone "an error occurred"

Also I just went through the SOC posted by you. And at last it says, they can debit your account and try to charge it repeatedly for services if MAB is not maintained.

Do you think, for someone who is not planning to maintain MAB at all should do this?

I am not an Hni, I can take up it to like 2-3 lacks once in a while and probably similar figures of MF investments. That's all.

What if someday they charge for DC 😯, it's not cheap.

 

[Pissant]

Yes I read it, unfortunately my axis upi is weirdly stuck, I blocked my card as it was lost and now I am unable to use upi, while registering on axis app it says you need to activate debit card. And on gpay and phone "an error occurred"

Also I just went through the SOC posted by you. And at last it says, they can debit your account and try to charge it repeatedly for services if MAB is not maintained.

Do you think, for someone who is not planning to maintain MAB at all should do this?

I am not an Hni, I can take up it to like 2-3 lacks once in a while and probably similar figures of MF investments. That's all.

What if someday they charge for DC 😯, it's not cheap.

I have been keeping zero in that account since the month I opened it. I used it to get Yes Reserv by putting in 10lk last month but after I got the card I removed the funds again. No charges yet. And anyways, they cannot put your account in negative as per RBI’s terms. And even if they do want to charge, they cannot do it without prior intimation. They would have to send a message and email informing you to maintain MAB or you will be charged.

 

[Luxe]

I have been keeping zero in that account since the month I opened it. I used it to get Yes Reserv by putting in 10lk last month but after I got the card I removed the funds again. No charges yet. And anyways, they cannot put your account in negative as per RBI’s terms. And even if they do want to charge, they cannot do it without prior intimation. They would have to send a message and email informing you to maintain MAB or you will be charged.

Thank you 🙏 for all the clarity. Looks like no harm if I can make it happen. Yesbank anyways was fined 90 lakhs by RBI for such misconduct of charging people without prior intimation. I guess they would be even more cautious now. Ok I will try. And will post here if I am able to. Thanks for this thread as well.