My First Yes is a bank account specially made for minor to accumulate money and hike the habit of saving money for future needs at a very young age. With the assistance of My First Yes parents can teach their kids to learn the basics of Banking.
Features
| Eligibility | Minors |
| Money Management | With “Yes Pocket Money” facility you can enjoy the feature to automatically transfer money from your parents account to your(minor) account |
| Average Monthly Balance | The average monthly balance is Rs 2500 |
| Higher Returns | Under this scheme you get to relish on higher return of 6% per annum on your saving account balance. |
| Debit Card Facility | · Silver Debit Card
· Get Lost Card Liability and Purchase Protection of Rs 25,000 |
| Interest Payment | The interest is paid off on a quarterly basis |
| RTGS/NEFT | Available through NetBanking |
| Demand Draft | Through branch and NetBanking up to a defined limits, demand draft is issued. |
Yes Bank’s Deposit Scheme
YES Bank Yes Respect Deposit Scheme
YES Grace Deposit Scheme
