YES Bank’s 2025 salary account fees, effective October, shock Indian employees with ₹199 debit card charges and ₹23 ATM fees. Will your paycheck survive? As 150 million salaried professionals face these costs, our gripping guide reveals hidden impacts, clever cost-saving hacks, and why this banking twist could redefine your financial strategy.
Starting October 1, 2025, YES Bank will roll out a new Smart Salary Schedule of Charges for its salary account holders in India. This update, released officially by YES Bank, covers Smart Salary Advantage, Smart Salary Exclusive, Smart Salary Platinum, and Smart Salary Platinum Pro Accounts. The revised fees and conditions will directly impact millions of Indian salaried professionals who use YES Bank as their primary salary account.
From debit card issuance costs to ATM transaction limits, IMPS/NEFT/RTGS fee slabs, cheque issuance charges, and non-maintenance penalties, the changes are comprehensive. Some services remain free (especially for digitally active users), while others carry higher costs for those not maintaining minimum salary credit benchmarks.
YES Bank Salary Accounts
YES Bank’s salary accounts have long been a go-to option for India’s workforce, thanks to their user-friendly features tailored to the diverse needs of salaried individuals. Launched as part of the bank’s expansion in the early 2000s, these accounts gained popularity during the post-demonetization digital boom, where seamless online banking became essential. In 2025, with India’s economy projected to grow at 6.8% (as per IMF forecasts), salary accounts remain vital for managing inflows from booming sectors like IT, manufacturing, and services.
Variants such as the Smart Salary Advantage, Smart Salary Exclusive, Smart Salary Platinum, and specialized ones like Yes Vijay Defence cater to different income brackets and professions. For instance, the Advantage variant suits entry-level employees with basic needs, while Platinum appeals to high-net-worth salaried folks seeking premium perks. Key attractions include zero-balance requirements (contingent on regular salary credits), competitive savings interest rates hovering around 6% annually—outpacing inflation rates of about 4.5% in mid-2025—and integrations with UPI, net banking, and mobile apps for effortless transactions.
Salary Account Variants Compared: Advantage vs Exclusive vs Platinum
1. Smart Salary Advantage
- Entry-level salary account with RuPay card
- Best for employees with salaries under ₹25,000/month
- Higher risk of non-maintenance charges if salary credits are inconsistent
2. Smart Salary Exclusive
- Mid-tier account expected for salaries between ₹25,000–₹50,000/month
- Free Engage card, better ATM/branch privileges
- Still subject to conditions for fee waivers
3. Smart Salary Platinum & Platinum Pro
- Premium salary account variants
- Complimentary Explore debit card (best suited for frequent international users)
- Generally offered to corporates with employee salary >₹50,000/month
- Lower hidden costs, better bulk transaction privileges
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Detailed Overview of New Charges for YES Bank Salary Accounts
The 2025 updates introduce structured fees across multiple services, aligning with a broader trend in Indian banking where private lenders like YES Bank are rationalizing costs. According to a KPMG report on Indian banking in Q2 2025, private banks have increased service charges by an average of 15% to sustain profitability amid low-interest margins. Let's break down the key areas affected.
Updated YES Bank Salary Account Charges (October 2025 Onward)
Below is the detailed breakdown of YES Bank’s revised salary account charges as published for Smart Salary, effective 1st October 2025:
1. Debit Card Issuance & Renewal
| Account Type | Debit Card Offered | Joining / Renewal Charges |
| Smart Salary Advantage | RuPay Debit Card | ₹199* |
| Smart Salary Exclusive | Engage Debit Card | Free* |
| Smart Salary Platinum | Explore Debit Card | Free* |
| Smart Salary Platinum Pro | Explore Debit Card | Free* |
2. ATM Transaction Charges
- Other Bank ATMs (Domestic):
- Free Transactions/month:
- Metro cities – first 3 free transactions
- Non-metro – first 5 free transactions
- Beyond limit:
- Financial transaction – ₹23/transaction
- Non-financial transaction – ₹10/transaction
- Free Transactions/month:
- International ATM Transactions:
- Cash Withdrawal – ₹150/transaction
- Balance Inquiry – ₹20/transaction
- Declined transactions due to insufficient funds – ₹25/instance
3. Payment Services (RTGS, NEFT, IMPS)
| Transfer Type | Amount Slab | Charges |
| NEFT via Branch | Below ₹10,000 | ₹2 |
| ₹10,000 – ₹1 lakh | ₹4 | |
| ₹1 lakh – ₹2 lakh | ₹12 | |
| ₹2 lakh & above | ₹20 | |
| RTGS via Branch | ₹2 – ₹5 lakh | ₹20 |
| Above ₹5 lakh | ₹40 | |
| IMPS (NB/MB/Branch) | Up to ₹1,000 | ₹2.5 |
| ₹1,000 – ₹1 lakh | ₹5 | |
| Above ₹1 lakh | ₹15 |
Most digital channels still offer NEFT/RTGS free of cost, so branch users should expect service charges.
4. Cash Transaction Charges (Branch & Bulk Note Acceptor)
- Free Limit: ₹1,00,000 per month or 2 transactions (deposit/withdrawal)
- Beyond limit: ₹4.5 per ₹1,000 (min. ₹150)
5. Non-Maintenance Charges (NMC)
Salary accounts are free from NMC only if:
- Salary credit of ≥ ₹10,000 for the last 3 consecutive months or
- Average Monthly Balance (AMB) ≥ ₹10,000
If not maintained:
| Balance Maintenance | NMC Penalty |
| ≥100% requirement | NIL |
| >75% – <100% | 5% of shortfall |
| >50% – ≤75% | 7.5% of shortfall |
| ≤50% | 10% of shortfall (Max ₹750) |
6. Cheque-Related Charges
- First 10 cheque leaves free annually, thereafter ₹3 per leaf
- Cheque return (insufficient funds): ₹500 (1st), ₹750 (2nd onward)
- Cheque return (technical reasons): ₹50 per instance
- Outward cheque return: ₹350 per instance
- ECS return (bounced auto-debits): ₹550 (1st), ₹600 (2nd onward)
- Stop payment instruction (Branch): ₹100 | (Digital – Free)
7. Miscellaneous Charges
- Replacement of lost/stolen debit card: ₹199
- PIN regeneration via branch: ₹50
- Charge slip retrieval: ₹250
- Physical account statement via branch: ₹100
8. Free Facilities Across All Salary Accounts
Despite the new charges, YES Bank continues to offer several services free of cost:
- UPI payments, online NEFT/RTGS inward & outward transfers, intra-bank transfers
- Passbook & duplicate passbook, account opening, nomination, closure
- SMS & email alerts, e-statements
- Cheque collection (local/outstation)
- Yes Robot, WhatsApp banking, IRIS app, YES Online access
- Standing Instruction / ECS setup
- Debit card replacement (damaged only)
- Digital cheque stop payment
This ensures that digitally-savvy users escape most charges, while branch-heavy users face higher fees.
How These Changes Affect Working Professionals in India
For a salaried person in India, especially in metros:
- Young professionals (salary <₹30,000/month): Risk paying debit card fees and NMC if salary credit lapses. Need to ensure consistent income flow.
- Mid-level executives (₹40,000–₹70,000/month): Generally shielded from NMC, but branch-heavy usage (cheques, cash deposits) may incur penalties.
- Senior employees (₹1 lakh+ salaries): Platinum/Pro accounts give greater benefits, minimal charges, international debit card access.
Tips to Avoid Extra Charges in YES Bank Salary Accounts
- Always ensure salary credit of at least ₹10,000/month to stay eligible for free benefits.
- Go digital – use UPI, NEFT/RTGS online instead of branch payments.
- Avoid unnecessary cheque usage – use UPI Autopay or standing instructions for bill payments.
- Withdraw cash from YES Bank ATMs to avoid excessive inter-bank withdrawal costs.
- Opt for e-statements – avoid physical statement charges of ₹100.
- Report lost debit card immediately and initiate replacement through digital modes to save on branch charges.
Comparison of YES Bank Salary Account Charges with Other Banks in India (2025)
The following table compares the key charges and features of YES Bank's Smart Salary accounts with those of other leading banks in India—HDFC Bank, ICICI Bank, Axis Bank, and SBI—for salary accounts as of October 2025. This comparison focuses on debit card fees, ATM transactions, minimum balance requirements, and other key charges, using the latest available data from bank websites, industry reports, and financial platforms.
| Feature/Charges | YES Bank Smart Salary (Advantage/Exclusive/Platinum) | HDFC Bank Salary Account (Regular/Premium) | ICICI Bank Salary Account (Standard/Advantage) | Axis Bank Salary Account (Prime/Elite) | SBI Salary Account (Corporate Salary Package) |
| Debit Card Offered | - Advantage: RuPay (₹199) - Exclusive/Platinum: Engage/Explore (Free if salary ≥₹10,000 or AMB ≥₹10,000, else ₹399-₹599) | - Regular: Visa Classic (₹200/year) - Premium: Visa Platinum (Free 1st year, then ₹200-₹500) | - Standard: Visa Classic (Free) - Advantage: Visa Platinum (Free if AMB ₹25,000, else ₹250/year) | - Prime: Visa Signature (Free if AMB ₹25,000, else ₹300/year) - Elite: Visa Platinum (Free) | - Platinum/Global: Free (Visa/Mastercard) |
| Debit Card Replacement | ₹199/instance | ₹200/instance | ₹200/instance | ₹200-₹300/instance | ₹300/instance |
| ATM Transactions (Other Bank ATMs) | - Metro: 3 free, then ₹23 (financial), ₹10 (non-financial) - Non-Metro: 5 free, then same charges - Free for Exclusive/Platinum if salary ≥₹10,000 or AMB ≥₹10,000 | - 4 free, then ₹21 (financial), ₹10 (non-financial) | - 3-5 free (based on location), then ₹20 (financial), ₹8.5 (non-financial) | - Unlimited free if AMB ₹25,000, else 5 free, then ₹20 (financial), ₹10 (non-financial) | - Unlimited free at SBI ATMs - Other banks: 5 free, then ₹20 (financial), ₹8 (non-financial) |
| International ATM Charges | - Cash Withdrawal: ₹150 - Balance Inquiry: ₹20 - Cross Currency Markup: 3% | - Cash Withdrawal: ₹125 - Balance Inquiry: ₹25 - Markup: 3.5% | - Cash Withdrawal: ₹125 - Balance Inquiry: ₹25 - Markup: 3.5% | - Cash Withdrawal: ₹125 - Balance Inquiry: ₹25 - Markup: 3% | - Cash Withdrawal: ₹100-₹150 - Balance Inquiry: ₹25 - Markup: 3% |
| Minimum Balance (AMB) | - Free if salary ≥₹10,000 or AMB ≥₹10,000 - Else, NMC up to ₹750 | - Regular: ₹10,000 (NMC ₹300-₹600) - Premium: ₹25,000 (NMC ₹600-₹900) | - Standard: ₹10,000 (NMC ₹350-₹700) - Advantage: ₹25,000 (NMC ₹700) | - Prime: ₹25,000 (NMC ₹150-₹600) - Elite: ₹50,000 (NMC ₹600-₹1,000) | - No AMB required if salary credited - Else, ₹5,000 (NMC ₹150-₹600) |
| Cheque Return (Insufficient Funds) | - ₹500 (1st instance), ₹750 (2nd onwards) | - ₹500-₹550 | - ₹500 | - ₹500 | - ₹500 |
| ECS/SI Return | - ECS: ₹550 (1st), ₹600 (2nd onwards) - SI: ₹100 | - ₹500-₹550 | - ₹500 | - ₹500 | - ₹400-₹500 |
| Cash Transactions (Branch) | - ₹1L or 2 transactions free/month, then ₹4.5/₹1,000 (Min. ₹150) | - 4 free, then ₹5/₹1,000 (Min. ₹150) | - 4 free, then ₹5/₹1,000 (Min. ₹150) | - Unlimited free if AMB met, else ₹5/₹1,000 (Min. ₹150) | - Unlimited free at home branch - Non-home: ₹3/₹1,000 (Min. ₹100) |
| RTGS/NEFT (Branch) | - RTGS: ₹20 (₹2L-₹5L), ₹40 (>₹5L) - NEFT: ₹2 (<₹10K), ₹4 (₹10K-<₹1L), ₹12 (₹1L-<₹2L), ₹20 (≥₹2L) | - RTGS: ₹15-₹30 - NEFT: ₹2-₹15 | - RTGS: ₹20-₹40 - NEFT: ₹2.5-₹20 | - RTGS: Free if AMB met, else ₹25-₹50 - NEFT: Free if AMB met, else ₹2-₹25 | - RTGS: ₹20-₹40 - NEFT: ₹1-₹20 |
| IMPS (Branch) | - ₹2.5 (≤₹1K), ₹5 (>₹1K-₹1L), ₹15 (>₹1L) | - ₹5-₹15 | - ₹5-₹15 | - Free if AMB met, else ₹5-₹15 | - ₹5-₹15 |
| Cheque Book | - 10 leaves free/year, then ₹3/leaf | - 25 leaves free/quarter, then ₹4/leaf | - 20 leaves free/quarter, then ₹4/leaf | - 25 leaves free/quarter, then ₹4/leaf | - 50 leaves free/quarter, then ₹3/leaf |
| Interest Rate | Up to 6% p.a. | Up to 3.5% p.a. | Up to 3.5% p.a. | Up to 4% p.a. | Up to 2.75% p.a. |
| Additional Benefits | - Free digital banking (UPI, net banking) - Insurance benefits (Platinum) - Concierge services (Platinum) | - Free insurance (up to ₹25L accident cover) - Cashback on select spends | - Free airport lounge access (Advantage) - Reward points on debit card | - Free lounge access (Elite) - Higher POS limits | - Free air accident cover (₹1Cr) - Home loan concessions |
| Non-Maintenance Charges (NMC) | Free if salary credited or AMB ≥₹10,000, else up to ₹750 | ₹300-₹900 based on shortfall | ₹350-₹700 based on shortfall | ₹150-₹1,000 based on shortfall | ₹150-₹600 based on shortfall |
Final Thought
YES Bank’s revised Smart Salary Schedule of Charges (effective October 2025) reflects a broader trend in India’s banking sector: free services for digital-first customers, and higher fees for branch/cash users.
For most salaried professionals, maintaining consistent salary credits and adopting digital channels means they can continue enjoying a zero-cost salary account experience. However, irregular earners, contract employees, or those using physical banking modes may face higher costs.
Going forward, as India marches toward a $5-trillion digital economy, salary accounts will evolve from being a “freebie account” to an engagement hub where customers are rewarded for their digital footprint and punished for reliance on legacy channels.
If you’re a YES Bank salary account holder, the key is awareness and smart usage. Treat these revisions not as costs, but as an incentive to go digital, plan your transactions wisely, and ensure you stay on the “zero-cost” side of the fine print.
