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Yes Bank Revises Salary Account Charges From October 1, 2025
Yes Bank Revises Salary Account Charges From October 1, 2025 : Yes Bank has announced a revision in its Smart Salary Account charges, effective from October 1, 2025. These changes will impact account holders of Smart Salary Advantage Account, Smart Salary Exclusive Account, Smart Salary Platinum Account, and Smart Salary Platinum Pro Account. From debit card issuance fees to ATM transaction limits, cheque return penalties, and cash transaction charges, several updates are being introduced.
If you hold a Yes Bank salary account, here’s a detailed breakdown of the new charges and how they could affect your banking experience.
Key Highlights of Yes Bank Salary Account
- Zero Balance Facility: Yes Bank salary accounts remain zero-balance accounts as long as monthly salary is credited.
- Average Monthly Balance (AMB): If no salary credit of ₹10,000 is received for 3 consecutive months, account holders must maintain an AMB of ₹10,000.
- Revised Charges: New debit card fees, ATM usage limits, cheque penalties, and cash transaction charges.
Yes Bank Debit Card Charges
- Smart Salary Advantage Account: Comes with a RuPay debit card at an issuance fee of ₹199.
- Smart Salary Exclusive, Platinum & Platinum Pro Accounts: No debit card fee if conditions are met.
Fee Waiver Conditions
- Joining Fee Waiver: Salary credit of ₹10,000 or more in 3 consecutive months after opening the account OR maintaining an AMB of ₹10,000 in the previous month.
- Renewal Fee Waiver: Salary credit of ₹10,000 or more in 3 consecutive months after the billing month OR maintaining an AMB of ₹10,000 in the previous month.
If these conditions are not met, the following charges apply:
- RuPay Debit Card – ₹199
- Element Debit Card – ₹329
- Engage Debit Card – ₹399
- Explore Debit Card – ₹599
ATM Transaction Charges
- Other Bank ATMs:
- Metro cities: 3 free transactions/month
- Non-metro cities: 5 free transactions/month
- Beyond limit: ₹23 per financial transaction and ₹10 per non-financial transaction
- International ATM Transactions:
- Cash withdrawal – ₹150 per transaction
- Balance enquiry – ₹20 per transaction
- Other Charges:
- ATM/POS decline due to insufficient funds – ₹25 per transaction
- Cross-currency mark-up – 3%
- Replacement of lost/stolen card – ₹199 per card
- PIN regeneration through branch – ₹50 per request
- Charge slip retrieval – ₹250 per request
Branch Cash Transaction Charges
- Free Limit: Up to ₹1 lakh per month or 2 transactions (whichever comes first).
- Beyond Limit: ₹4.5 per ₹1,000 (minimum ₹150) per transaction.
Non-Maintenance Charges (NMC)
Applicable only if salary credit of ₹10,000 is not received for 3 months OR AMB is not maintained. Charges based on AMB maintained:
- 100% or more of requirement – Nil
- 75% to <100% – 5% of shortfall
- 50% to ≤75% – 7.5% of shortfall
- ≤50% – 10% of shortfall
Maximum charge: ₹750
Cheque Return & Other Charges
- Cheque return due to insufficient funds:
- First instance – ₹500
- Second instance onwards – ₹750
- Cheque return (technical reasons) – ₹50
- Outward cheque return – ₹350
- Standing Instruction (SI) return – ₹100 (except recurring deposits)
- ECS return due to insufficient funds:
- First instance – ₹550
- Second instance onwards – ₹600
- Stop payment request (through branch) – ₹100 per instruction
- Physical account statement (branch request) – ₹100 per request
What This Means for You
The revised charges mean salary account holders need to be cautious about meeting the minimum salary credit or AMB requirement to avoid penalties. Customers should also plan ATM withdrawals wisely to avoid extra charges and ensure they meet debit card fee waiver conditions to save costs.
Conclusion
Yes Bank’s updated charges from October 1, 2025, aim to streamline salary account operations but also put more responsibility on account holders to maintain balances and transactions efficiently. By keeping track of your account usage and meeting the set conditions, you can continue enjoying the benefits of a zero-balance salary account without paying unnecessary fees.
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