Yes Bank My First Yes Account, Yes Bank Children's Saving Account
Features
- It gives you the benefit of higher returns along with an opportunity to guide your child to manage their savings
- It offers child the platform to learn the basics of banking
- By opening this account, the parents get an avenue to save for their child's future in the form of Fixed Deposits and Recurring Deposits
- The Debit Card with variable limits allows teenagers to an easy access to their pocket money
- Earn higher interest rate of 6% p.a.
- Waiver of Annual Minimum Balance (AMB) charges if you open a fixed deposit account in Yes Bank
- Unlimited transaction on ATM
Average Monthly Balance
Rs. 2500
Eligibility
- The account is available to children in age group of 1 day to 18 yrs.
- It is a pre-requisite for the parent/ guardian to also hold an account with YES Bank.
- In event of the parent/ guardian not holding a YES Bank Savings Account, both the accounts (parent's Saving Account and My First YES Savings Account) can be simultaneously opened.
Documents Required
- Identity proof
- Address proof of guardian
- Proof for parent's having an account with Yes Bank
- 4 latest passport size photographs
- Signature proof
Find More Useful Links
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