Yes Bank Grandeur Savings Account Review

The Yes Bank Grandeur Savings Account is a premium savings account offering a range of exclusive benefits and features tailored for high-net-worth individuals. Here’s an overview of its key features and benefits:

Check our YouTube Channel As well for Yes Bank Grandeur Savings Account Review and Kit Unboxing - Click Here

YES Grandeur eligibility criteria:

Average Monthly Balance1 of ₹5 Lakhs OR

Net Relationship Value2 of ₹20 Lakhs OR

Basis Loan Relationship Value (20 Lac Auto Loan, 1Cr Home Loan, 1Cr Loan Against Property)

Note - Customer will remain eligible for the respective premium banking program as long as their eligible loan is live with YES BANK

Note 2 - Non maintenance of program criteria will lead to withdrawal of YES Grandeur program benefits

Key Features:

High-Interest Rates: The account offers competitive interest rates on savings, which can be higher than those offered by standard savings accounts, depending on the balance maintained.

Priority Banking Services: As a Grandeur account holder, you get access to personalized banking services, including a dedicated relationship manager to assist with your banking and investment needs.

Complimentary Debit Card: The account comes with a complimentary YES FIRST Exclusive Debit Card, which offers benefits like higher withdrawal limits, dining offers, and other lifestyle privileges.

Free Domestic and International Lounge Access: Account holders get complimentary access to select airport lounges in India and abroad, providing comfort during travel.

Family Banking: The Grandeur account offers family banking services, allowing you to extend the premium benefits to your family members under a single relationship.

Waivers and Discounts: Enjoy various fee waivers on services like Demand Drafts, NEFT/RTGS transactions, and locker rentals.

*Complimentary locker in the first year across all sizes; 40% discount from second year onwards*

Account Benefits:-

1. Health and Wellness Benefits:

The account provides access to health and wellness programs, including discounts on medical services and access to premium health clubs.

Enjoy annual wellness membership for two members with benefits worth INR 20,000

The wellness membership includes the undermentioned services:

o Virtual doctor consultations

o Holistic health checkups

o Dental vouchers

o Personalized nutritionist consultations

o Discounts across hospitals, diagnostic centers, and pharmacies

2. EMBRACE LESIURE:

Explore the latest movies and TV shows with annual subscription to Disney+ Hotstar or SonyLIV

• Only one leisure voucher per family relationship will be sent to the primary customer

3. SAVOUR INDULGENCES: 

INR 3000 voucher for Taj, ITC Hotels or Amazon

• Only one indulgence voucher per family relationship will be sent to the primary customer

4. DISCOVER DELIGHTS: 10,000 YES REWARDZ

Redeem 10,000 YES Rewardz worth INR 2500 across an assortment of brands

• YES Rewardz will be sent once to the primary customer subject to meeting the below

5. FAMILY INDULGENCES: 

Indulge in INR 2000 voucher across Taj, ITC Hotels or Amazon on opening family account

• Only one family indulgence voucher per family relationship will be sent to the primary

6. Concierge Services:

Exclusive concierge services are available to assist with travel bookings, dining reservations, and other lifestyle needs.

YES GRANDEUR Debit Card Benefits-

• For availing 500 YES Rewardz, domestic e-commerce/POS transaction of INR 500 to be completed within 30 days of card issuance

 • Buy 1 Get 1 Free offer is available once a month on BookMyShow for movie tickets costing up to INR 500 (Up to ₹500 off per month on movie tickets on BookMyShow (BOGO))(Primary + 1 member)

• Domestic airport lounges can be accessed once in a quarter by YES Grandeur Debit ((1 Card holder Access + 1 guest access per quarter))(Primary + 1 member)

Cardholder and one guest (Lounge List - Click Here)

• Discount of INR 100 is available once a month on Swiggy and Zomato each, on minimum order value of INR 599 respectively (Primary + 1 member)

• Golf program includes four complimentary rounds of Green Fees per calendar year, twelve complimentary golf lessons per calendar year and discounted golf services at 50% of the green fee beyond complimentary sessions(Primary + 1 member)

• Fuel surcharge waiver is applicable for fuel purchase worth up to INR 3 Lakhs in a financial year

• With the weekend bonanza offer, earn 2x YES Rewardz over the weekend in addition to 3x YES Rewardz availed on domestic spends on minimum transaction value of INR 200

 > 5% cashback on utility bill payments (Cashback up to ₹100 on utility bills in India)(Primary + 1 member)

> 5% cashback on grocery payments (Cashback up to ₹100 on grocery bills in India)(Primary + 1 member)

> Zero Cross Currency Markup on Debit - Zero Cross Currency Markup on international retail transactions(Primary + 1 member)

Complimentary Insurance Cover with debit card-

• Lost Card Liability Protection of up to ₹4,00,000
• Purchase Protection Cover up to ₹25,000
• Personal Accident Cover up to ₹10,00,000
• Air Accident Death Cover of up to ₹50,00,000

Link for T&C - Click Here

Complimentary Golf Program**(Primary + 1 member)

• 4 complimentary round of green fees per calendar year
• 12 complimentary golf lessons per calendar year
• Discounted golf services at 50% of the green fee beyond complimentary sessions

T&C - Click Here

Free Unlimited ATM Transactions *

YES Rewardz

Domestic Spends: Earn 3x on weekdays, 5x on weekends

International spends: Earn 4x on all days

Value of 1 YES Rewardz = INR 0.25

(200 RS spent earns 3 Reward points on weekday and 5 Reward Points on Weekends
And on International, you will get 4 Reward points per 200 Rs send on all days)

Milestone benefit:

Amazon gift card can be availed on annual e-commerce/POS spends of INR 1 Lakh, excluding spends on fuel and jewelry(Primary + 1 member)

Exclusions for reward earned-

MCC Description

· Service Stations (With or Without Ancillary Services)

· Government Services–Not Elsewhere Classified

· Merchants that provide general support services to the government such as personnel, auditing, procurement, and building management services, etc

· Insurance Sales, Underwriting and Premiums

· POI (Point of Interaction) Funding Transactions (Excluding MoneySend)

· Member Financial Institution–Merchandise And Services

· Securities–Brokers and Dealers

Fees And Charges For Debit Card:

Annual Fee: Nil for YES Grandeur program members

Cash withdrawal (International): ₹ 120*

Balance enquiry (International): ₹ 20*

Physical PIN regeneration: ₹ 50* (Online PIN generation- free)

ATM decline fee due to insufficient funds: ₹ 25*

Replacement of lost/stolen card: ₹ NIL

Zero cross currency markup

YES Grandeur Debit Card is provided complimentary for YES Grandeur program customers subject to meeting the program criteria

Note - All service charges except ATM declines due to insufficient funds are waived off for senior citizens

Note 2 - Card Rate applies to all Foreign Exchange conversion transactions less than US$ 20000 (or equivalent)

Link For T&C

For YES Grandeur customers, YES Grandeur Debit Card is free till the customer is part of the program. The debit card charges are applicable to the customers holding debit card other than YES Grandeur Debit Card. (Annual Fee worth ₹1499/- waived of)

Pros:

Comprehensive Benefits: The account offers a wide range of premium services and benefits that cater to the lifestyle needs of affluent individuals.

Enhanced Interest Rates: Higher interest rates on savings balances can help maximize returns on idle funds.

Family Inclusion: The ability to extend premium services to family members under one account is a significant advantage.

Cons:

High Minimum Balance Requirement: The account typically requires a high minimum balance, which might not be suitable for everyone.

Charges for Non-Maintenance: If the minimum balance requirement is not met, penalty charges may apply, which could offset the benefits.

Fees and Charges: Minimum Balance Requirement: The account usually mandates a high average monthly balance (AMSB). The exact amount can vary, so it's important to check with Yes Bank for the latest requirements.

Service Fees: While many services are complimentary, some may incur charges if the minimum balance is not maintained or for specific transactions beyond the free limit.