New Rules: If you get salary or pension in this bank then know that new rules are being implemented from October 1

New Rules from October 1: YES Bank Salary and Defence Accounts to See Key Changes

YES Bank has announced important changes to its salary accounts and defence-related accounts, effective October 1, 2025. The revised rules apply to multiple variants, including Smart Salary Accounts (Advantage, Exclusive, and higher tiers) as well as the YES Vijay Account for defence and pension holders. The updates primarily affect debit card charges, ATM transaction limits, and account maintenance policies.

Smart Salary Accounts: What’s Changing

Under the new structure, YES Bank Smart Salary customers will see changes in debit card offerings and transaction charges:

• Debit Card Fees

  • Smart Salary Advantage holders will now receive a RuPay Debit Card with a joining fee of ₹199.

  • Smart Salary Exclusive and higher variants will be offered Engage or Explore Debit Cards. The joining and renewal charges can be waived if certain conditions are met.

• Fee Waiver Condition

  • Customers who credit a minimum of ₹10,000 salary each month or maintain an average monthly balance (AMB) of ₹10,000 will have their debit card fees waived.

• ATM Transactions

  • At other bank ATMs, customers will get 3 free transactions in metro cities and 5 free transactions in non-metro areas.

  • Beyond the free limit, ₹23 per financial transaction and ₹10 per non-financial transaction will be charged.

  • International withdrawals will attract a ₹150 fee, and balance inquiries abroad will cost ₹20.

• Cheque Bounce Charges

  • First instance: ₹500.

  • From the second time onwards: ₹750 per bounce.

• Zero-Balance Rule

  • Salary accounts will continue to be zero-balance accounts.

  • However, if no salary is credited for three consecutive months, the account will automatically convert into a regular savings account, attracting non-maintenance penalties up to ₹750.

YES Vijay Accounts: Benefits for Defence Customers

For defence and pension-linked account holders, the YES Vijay Account continues to offer special privileges:

• Free Debit Cards

  • Account holders will get Element and Engage debit cards free of charge.

• Cash Deposit Rules

  • At branches or bulk note acceptors, up to ₹1 lakh or 2 transactions per month will be free.

  • Beyond this limit, a fee of ₹4.5 per ₹1,000 (minimum ₹150) will apply.

• Cheque Return Charges

  • First cheque return: ₹350.

  • Subsequent returns: ₹750 each.

• ECS Return Charges

  • First ECS return: ₹500.

  • After that: ₹550 per return.

Defence and Pension Accounts: No Major Changes

YES Bank confirmed that defence and pension account holders will continue to enjoy the existing benefits without any additional charges:

• Unlimited free ATM transactions at YES Bank ATMs.

• NEFT and RTGS transfers remain free.

• Full access to digital banking services at no cost.

Why This Matters for Customers

The latest changes highlight YES Bank’s effort to streamline its salary and defence account offerings while ensuring service differentiation between various customer categories. For salary account holders, the key shift lies in debit card charges and ATM usage limits, while defence and pension accounts largely remain unaffected.

Customers are advised to carefully review the updated rules before October 1, 2025, to avoid unexpected charges and to make the most of the available fee waivers.