YES BANK has launched its YES Family proposition, wherein bank account holders will be able to care for the well-being of everyone in their family. With the YES Family offering one can enjoy services and privileges together as a family.
Packed with benefits and exclusive offerings, the bank claims the offering has been thoughtfully curated to make everything from shopping and dining together to availing loans more convenient and rewarding for their customers.
The Yes Family proposition includes features curated to make everything from shopping & dining together and availing loans more convenient and rewarding. In addition, these accounts have a waiver of fees on ATM withdrawals and digital transactions and reward points on banking transactions that can be transferred within the family, and cashback and lifestyle offers.
Yes, Family accounts include three programs — Yes Prosperity, Yes Premia, and Yes First programs for different customer segments. “Through this proposition, we envisage increasing our monthly retail customer acquisition by 15% till December 2021,” said Prashant Kumar, MD & CEO, Yes Bank. Discounted locker rentals, competitive interest rates on fixed deposits, recurring deposits, home loans, and auto loans are among other benefits built into the proposition.
Eligibility criteria for YES Family proposition;
1. YES Prosperity Family – An average monthly balance of Rs 50,000 and above across savings accounts or a Fixed Deposit of Rs 5 lakh and above at a family level needs to be maintained.
2. YES Premia Family – An average monthly balance of R 2 lakh across savings accounts or net relationship value of Rs 10 lakh at a family level should be maintained.
3. YES FIRST Family – An average monthly balance of 8 lakh across savings accounts or net relationship value of Rs 30 lakh at a family level needs to be maintained by the account holder.
YES Family: Key attractions
The key attractions are family healthcare benefits; dedicated Relationship Manager for the entire family; the flexibility to maintain minimum balance across family accounts; free domestic ATM withdrawals, fee waivers on digital transactions; YES Rewardz points on banking transactions that can be transferred within the family, and exciting cashback and lifestyle offers, among other features.
The proposition is available across YES Prosperity, YES Premia, and YES FIRST programs – each of which is designed uniquely to cater to different customer segments.
Discounted locker rentals, competitive interest rates on fixed deposits, recurring deposits, home loans, and auto loans along with offers on dining and shopping are among other benefits built into the proposition.
