Yes Bank Account Opening Online: Step-by-Step Guide
Yes Bank Account Opening Online: Step-by-Step Guide
You can open a Yes Bank savings account online in minutes using your Aadhaar, PAN, and a smartphone camera for video KYC. No branch visit is required for most account types, and the account is activated within a few hours of completing verification.
Eligibility for Yes Bank Online Account Opening
- Indian resident individual aged 18 years and above.
- Valid Aadhaar card linked to your mobile number.
- Valid PAN card.
- Active email address and mobile number.
Steps to Open Yes Bank Account Online
- Visit the official Yes Bank website or download the YES PAY Next app.
- Select Open a Savings Account.
- Choose the account type (for example, Yes Essence or Yes Prosperity).
- Enter your mobile number and verify with OTP.
- Fill in your personal details: name, date of birth, address, and PAN.
- Complete Aadhaar-based e-KYC or schedule a Video KYC call with a Yes Bank representative.
- Upload a selfie and your signature as prompted.
- Review and submit your application.
- Once approved, you will receive your account number, welcome kit details, and net banking credentials via SMS and email.
For Video KYC, ensure you are in a well-lit area, have your original Aadhaar and PAN cards ready, and have a stable internet connection.
Documents Required for Online Account Opening
- PAN card (mandatory for all accounts)
- Aadhaar card (for e-KYC or Video KYC)
- Passport-sized photograph (if applying via the app, a selfie is typically accepted)
Yes Bank Instant Account (ASAP Account)
Yes Bank also offers an instant savings account feature where your account is activated within minutes of successful e-KYC. You get a virtual account number immediately and can start transacting even before the physical debit card arrives.
What Happens After Account Opening?
After your account is activated, you will receive a welcome kit at your registered address within 5 to 7 working days. The kit includes your debit card. You can download the YES PAY Next app and register immediately to start using mobile banking.
FAQ
Can I open a Yes Bank account without visiting a branch?
Yes. Yes Bank allows fully online account opening through its website or the YES PAY Next app using Aadhaar-based e-KYC or Video KYC. A branch visit is not required for most standard savings account types.
How long does it take to open a Yes Bank account online?
If your Aadhaar is linked to your mobile number and e-KYC is successful, your account can be activated within a few minutes to a few hours. Video KYC depends on the availability of a bank representative and typically completes on the same day.
What is the minimum balance required to open a Yes Bank savings account?
There is no minimum deposit required at the time of online account opening for most variants. However, once the account is active, you will need to maintain the average monthly balance applicable to your account type, which typically starts at Rs. 10,000 for metro branch accounts.
Key Takeaways
- Yes Bank online account opening requires Aadhaar, PAN, and a mobile number for e-KYC or Video KYC.
- No branch visit is needed for most savings account types.
- Account activation can happen within minutes to a few hours after successful KYC.
- The YES PAY Next app can be used to complete the application and start mobile banking immediately.
- A welcome kit with a debit card is delivered to your registered address within 5 to 7 working days.
