Bank New Rules- From depositing money to minimum balance, Rules are changing from October 1

Bank New Rules- Big news for Yes Bank account holders. 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 of previous month’s AMB, up to a maximum of Rs 5 crore.

For depositing cash beyond the limit, a charge of Rs 4 per Rs 1,000 will be levied (minimum Rs 50 per transaction).

2% charge will be levied on amount above Rs 10,000 for depositing notes of Rs 50 and less.

The deposit limit for coins is Rs 1,000 per month. After that, a fee of 5 per cent is charged.

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 charges range from Rs 2.5 to Rs 15, depending on the amount.

Chequebook: Free for up to 100 pages, thereafter Rs 2 per page.

Demand Draft 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 enquiry Rs 20.

Other bank ATMs: 3 free transactions in metros and 4 in non-metros, thereafter Rs 23 per financial transaction and Rs 10 per non-financial transaction.