New Rules: YES Bank has made important changes in the fee and charge structure for its Merchant Easy and Merchant Prime current account holders. These new rules will come into effect from October 1, 2025. The changes will specifically affect cash deposits, average monthly balance (AMB), non-maintenance penalty and debit card charges.
Cash deposit limit
Merchant Easy Account: Free cash deposit up to 12 times the average monthly balance (AMB) of the previous month, but up to a maximum of Rs 1.5 crore.
Merchant Prime Account: Free cash deposit up to 15 times the AMB of the previous month, up to a maximum of Rs 5 crore.
Rs 4 per 1,000 charge for cash deposits above the limit (minimum Rs 50 per transaction).
2 per cent charge on amount above Rs 10,000 for depositing notes of Rs 50 and below.
Coin deposit limit is Rs 1,000 per month. Thereafter, 5 per cent charge.
Minimum balance and non-maintenance charges
- Merchant Easy: Must maintain an average monthly balance of Rs 25,000.
- Merchant Prime: Must maintain an average monthly balance of Rs 50,000.
- Penalty of Rs 250 on shortfall and Rs 500 if the balance is less than half.
Payment and transaction services
- RTGS, NEFT and fund transfer within YES Bank are completely free.
- IMPS: First 5 transactions of the month are free, thereafter Rs 2.5 to Rs 15 are charged depending upon the amount.
- Chequebook: Free upto 100 pages, thereafter Rs 2 per page.
- Demand draft is free at YES Bank branches
Debit Card Charges
- Element Business Debit Card will be available in all accounts, annual fee is Rs 349.
- International withdrawal Rs 150 per transaction, balance inquiry Rs 20.
- ATMs of other banks: 3 free transactions in metro and 4 in non-metro, after this Rs 23 per financial
and Rs 10 per non-financial transaction.
YES Bank has clarified that all charges are exclusive of taxes and may change from time to time. It is important for merchant account holders to understand these new rules, otherwise they will have to bear the burden of additional charges.
