Must Knows

Yes Bank net banking: Things you need to know

[ecis2016.org] Explained in this article is all about Yes Bank Net Banking and the various services offered by the bank.

Yes Bank, India’s 5th largest commercial bank, was founded in 2004. Yes Bank is a ‘Professional Service Depository Institution’ that has worked towards building a corporation, consumer, and Small and Medium Business (SME) money transfers operations, as well as currency sector, stockbroking, financial analysis, bank, industrial, and process financial services, and financial advisory. Yes Bank customers can access the institution’s services anytime and from anywhere.

What facilities does YES Bank net banking offer?

Basic facilities available with every kind of banking

  • Through Yes net banking, you may check your account balance, get your bank statements, and transaction history.
  • Track the progress of the cheques that have been issued.
  • NEFT, RGTS, and IMPS are all methods for transferring money to Yes Bank or other banking information.
  • Set up automatic transfers of a specific amount at predetermined periods.
  • Create internet banking accounts for regular deposits, fixed deposits, and savings.
  • Utility bills can be paid online.
  • SIP (Systematic Investment Plan) applications could be made or cancelled online, as well as fresh fund manager units purchased and current units redeemed.
  • Using Mutual Funds (MF) Online, you can check your assets, overall portfolio worth, NAVs (net asset values), and more.

Facilities are categorised on the banking type

Yes Individual

  • Saving account creation
  • Salary account creation
  • Users can transfer money from anywhere to everywhere.
  • Users can apply for a debit card/ credit card/ prepaid cards (Travel, Payroll), and MCTC (Multi-Currency Travel Card)
  • Users can apply for loans based on requirements and eligibility criteria.
  • Recurring or fixed deposits can be made by users.
  • Life/ Health/ General Insurance can be availed.
  • One can avail of the wealth management feature of Yes bank where a user can
    • Use Investment products like mutual funds, and debentures.
    • Use DEMAT services
    • 3 in 1 account where the participant can invest in equity, derivatives, currency, mutual funds, and many others.
    • Get tax solutions.
    • Use the National Pension system.
  • Avail Yes bank privileges such as offers, deals, and rewards.
  • Use safety digital lockers.
  • Government schemes like Atal Pension Yojana, Pradhan Mantri Jeewan Jyoti Beema Yojana, and many more can be availed.
  • Solutions regarding taxes and finance can be availed.

Yes Premia: Individuals and Business

  • Dedicated relationship manager
  • Family banking with access to program benefits
  • Hassle-free banking
  • Support and guidance from a team of professionals
  • E-banking or doorstep banking
  • Can be availed anytime, anywhere
  • yespremia@yesbank.in can be used to attain all banking needs
  • Automated sweep facility from the current account to a savings account or fixed deposit
  • Superior rate of interest with better security
  • Easy liquidity without breaking fixed deposits
  • Elevate debit card with many benefits at INR 1249
  • The debit transaction limit can be elevated
  • Debit Insurance coverage elevation
  • Yes MSME (Micro Small and Medium Enterprise), a single interface for all banking needs
  • Corporate net banking
  • Digital account-based collections
  • Smart collect 
  • Initiate trade finance online
  • Integrate banking with the tally accounting system

NRI (Non-Resident Indians)

  • Users can open NRE (Non-Resident Rupee), NRO (rent, pension), and Mariners (Sailors and mariners of Indian origin) savings accounts.
  • IBU (Indian Finance Service Center Banking Unit), a foreign branch, is located in Gujarat.
  • NRO (Non-Resident Ordinary Account) /FCNR(Foreign Currency Non-Resident Account) deposits can be made
  • Users can earn additional yields with the Premium Rupee/ Currency Plan.
  • Flexgain RD (Recurring Deposit) for a better future
  • Overdraft facility
  • Better foreign exchange rates
  • Debit cards/ home loans can be availed 
  • Global Indian Banking plan to grow money
  • Deals and offers.

Yes First

  • Priority Servicing
  • Free lounge/golf course access
  • Integrated wealth planning
  • Investment research and analysis
  • Exclusive electric debit card
  • Preferential pricing
  • Yes first credit card

Yes Private

These are international concierge and banking services that help in availing the bespoke benefits of the private card. The cardholders get exclusive benefits like VIP meet, special lounge access at the airport, and specific stores.

How can customers sign up for Yes Bank’s net banking?

  • Go to Yes Bank’s official site, https://www.yesbank.in/.
  • At the login drop-down menu, proceed with the ‘get started’ option, or on the left side, you can see the login instructions along with the ‘proceed with registration button. Click on it.
  • Proceed with ‘Continue to yes login’.
  • You will be directed to the login page where either you can log in or if you are a first-time user then you can click on the ‘register here’ link.
  • At the popup dialog box, agree with the terms & conditions then proceed further.
  • You can register with two options:
  1. Debit Card
  2. Credit Card

Method 1: Debit Card and Customer ID Registration

A registration page will appear, prompting you to provide your customer ID, debit card information, and PIN. You must also create a net banking password that meets the requirements. Agree to abide before proceeding to the ‘Register Online’ button.

Method 2: Using a Credit Card to Register

Select a login ID, then input your credit card details, birth date, and card expiration date, as well as a passcode for net banking. Agree to abide before proceeding to the ‘Register Online’ button.

  • A one-time password (OTP) would be issued to the phone number you provided during registration. Click ‘Submit’ after entering your OTP in the provided space.
  • A notice stating that you would have properly enrolled for net banking solutions should show up.

How do I log in to Yes Bank Net Banking?

  • Go to https://yesonline.yesbank.co.in/index.html?module=login to sign in to your YES BANK account.
  • Input the customer Username and password that you created during registration. Click ‘Login’ after filling out the captcha code.
  • Your browser will take you to your account dashboard.

How can customers check the balance?

Calling and SMS

Customers had to register either by calling or sending SMS at +91 9840909000.

SMS YESREG <Customer ID>

  • Customers can call at 09223920000 (balance check number) using their registered number.
  • The call would get disconnected automatically.
  • Via SMS, customers would get the mini statement
  • For primary account, customers had to send the message at +91 9840909000

SMS YESDEF <Customer ID> <Account Number>

Or 

SMS YESBAL<Customer ID>

USSD (Unstructured Supplementary Service Data) Channel

Using registered number just dial *99*66*1# to see the account balance on the screen.

Net Banking

  • Visit Yes banking digital banking portal.
  • Login with your credentials.
  • Visit the account summary section to complete the query.

Mobile Banking

  • Download Yes Bank app via App or Google Play store.
  • Login with credentials.
  • Visit the account summary section to check the balance.

Yes Robot via Facebook

Customers can now make their balance queries using Facebook.

  • Open Facebook messenger.
  • Search YES ROBOT 
  • Begin the chat and ask the bot for the account balance.

Yes Robot via Website

  • Visit Yes Bank’s official website.
  • Click the Yes Bank Robot circle at the bottom corner of the page.
  • You can either enter the name or skip it.
  • Amongst listed options, choose Banking Services.
  • Then click Check Balance
  • Click on login
  • Enter customer ID and registered mobile number then click on send OTP.
  • Follow every prompt till you get access to a balance check.

Yes bank Toll-Free number

Call Yes bank toll-free number 1800 1200 for balance update.

ATM

  • Insert ATM card at any ATM.
  • Select the Balance query option.
  • Do Verification using the PIN.
  • The balance will be displayed.

Passbook

Visit the nearest Yes bank branch and update your passbook for balance update.

How can I use Yes Bank net banking to transfer money online?

IMPS, RTGS, and NEFT are three ways through which you can transfer money either using net banking or a mobile app.

  • Login into the system on the Yes net banking login official website.
  • Under the ‘Funds Transfer’ section on the left-hand menu, select the type of fund transfer. 
  • You will see a screen where you can choose the kind of transfer and whether you want to add a recipient. Choose the second option if you want to deposit money into a bank account.
  • A pop-up window will display once you select the transfer option. Input the recipient bank details, the recipient bank’s IFSC code, the transfer amount, and any comments. Choose the account to which you want to transfer funds. Select ‘Transfer’ from the drop-down menu.
  • Your registered cellphone number would get an OTP. Click ‘Submit’ after entering the Pin inside the field given.
  • A window will emerge with an experienced major and the contract’s data.

Yes Bank Credit Card

Finance charges may be different for cards issued against fixed deposits.

List of Credit cards

Type of Card Best for Income Eligibility (per month) Joining Fee Annual Fee
Yes Prosperity Edge  Reward points INR 60K INR 399 INR 399
Yes Prosperity Cashback Cashback INR 35K INR 2,999 INR 2,999
Yes First Exclusive Travel INR 4 lakh  INR 999 INR 999
Yes First Preferred Travel and Rewards INR 2 lakh INR 999 INR 999
Yes Bank Wellness Plus Health and Wellness INR 25K INR 2,999 INR 2,999

Charges

Fee Type Amount
Joining/Annual Fee Depends on the type of card
Finance Charges For YES FIRST Preferred/YES FIRST Exclusive/YES Private Card- 1.99% p.m. (23.88% p.a.)*

For all other credit cards- 3.50% p.m. (42% p.a.)

Late Payment Fee
Outstanding amount(INR) Fee
Less than 101 Nil
101- 500 150
501-5,000 500
5,001-20,000 750
20,000 and above 1000

Yes Bank Transaction limits

NEFT RTGS IMPS
Minimum Transfer Value INR 1 INR  2 lakhs INR 1
Maximum Transfer Value Up to daily transaction limit Up to daily transaction limit Rs. 2 lakhs per transaction. Multiple transactions of 2 lakh can be done up to the daily transaction limit
Settlement Type Half hourly basis Real-Time Real-Time
Service Timings Available 365 days 24*7 Available 365 days 24*7 except the interval between start and end of day processes. Available 365 days 24*7
Transaction Charges Via Net Banking/

Mobile Banking – Free

Per Transaction Charges Via Branch: 

Rs.2.5 – up to Rs.10K;

Rs.5 – Rs.10,001 up to Rs.1 Lakh;

Rs.15 – Rs.1,00,001 up to Rs.2 Lakhs;

Rs.25 – Above Rs.2 Lakhs

Via Net Banking/

Mobile Banking – Free

Per Transaction Charges Via Branch:

Rs.25 – Above Rs.2 Lakhs and up to Rs.5 Lakhs;

Rs.50 – Above Rs.5 Lakhs

Via Mobile Banking – Free 

Via Net banking – Rs.5 per transaction

How can customers retrieve their login ID/ reset their password for Yes Bank’s net banking?

Using Debit Card

  • Login with credentials at Yes bank’s official site.
  • Click on ‘Forgot password/ Unlock Login ID.
  • Choose a bank account( using a debit card), and click on ‘ Create New Password.
  • Enter your customer ID in the login ID section.
  • Enter your debit card number and PIN.
  • Set the new password.
  • Accept terms and conditions and click Create New Password.

Using Credit Card

  • Login with credentials at Yes bank’s official site.
  • Click on ‘Forgot password/ Unlock Login ID.
  • Choose the credit card option and click on ‘ Create New Password.
  • Enter your customer ID in the login ID section.
  • Enter your debit card number, date of birth, and expiry date.
  • Set the new password.
  • Accept terms and conditions and click Create New Password.
  • Enter OTP received on the registered number.

Place request offline

Visit the branch to place the request. Customers may download the ‘Account Maintenance & Channel Registration Form. Submit the form at the nearest branch.

Is the web-based Yes net banking platform safe?

With a 128-bit SSL secured connection, Yes Bank offers the safest and most user-friendly net banking digital platform. Furthermore, the bank’s servers are protected by firewalls that restrict access to your transaction.

Customers are also given a unique id number, and the passwords for their identities are created using particular criteria. Hackers will be less likely to predict your credentials as a result of this. An OTP will be issued to the registered cellphone number if the payment exceeds a specific threshold.

Read about: Union bank of India IFSC code 

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Debora Berti

Università degli Studi di Firenze, IT

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