Yes Bank Current Account Opening with IndiaFilings

Welcome to IndiaFilings, your one-stop solution for all your business needs. We are aware that operating a business is difficult and demands a lot of time and effort. To ensure your business runs smoothly, we have partnered with Yes Bank to provide you with the best account opening services.

Having a current account is crucial for any business, as it allows you to manage your day-to-day finances efficiently. A current account is specifically designed for businesses. It comes with numerous benefits that can help you streamline your financial transactions and save time and money.

Eligibility Criteria

To open a current account with Yes Bank, certain eligibility criteria must be fulfilled.

• Serviceable Area:
  Yes Bank has a widespread network of branches and ATMs across India. However, to open a current account with the bank, it is essential that the customer's business or company falls within the serviceable area of the bank. This means the applicant's location must be within the bank's serviceable geographical area. The bank has different serviceable areas for different products and services. Customers can check the bank's website or contact the bank's customer service team to know if their area falls within the serviceable area.
• Negative Industry:
  Yes Bank follows a strict policy regarding the industries or businesses that it does not provide services to. These industries are referred to as the negative industry list. Any business falling under this list will not be eligible to open a current account with Yes Bank. The bank's negative industry list includes businesses involved in illegal activities, such as gambling, narcotics and other activities such as jewellery, stock marketing, sports fantasy gaming and tobacco.

The bank may also conduct a background check before approving the account opening request.

Documents Required

In order to set up a current account with Yes Bank, you need to submit the following documents:

For PLC/OPC/LLP/Foundation companies:

• Memorandum of Association (MOA)
• Articles of Association (AOA)
• Business PAN
• Certificate of Incorporation
• KYC documents
• Board Resolution

For Sole Proprietorship and Partnership Companies:

• Business GST
• 2 Address Proof of Business
• Partners'/Business owners' KYC Documents

Our team of experts will help you gather all the necessary documents and ensure they are in order before submitting your application.

Loan Eligibility

Current account holders with active accounts for at least two years may apply for loans from Yes Bank. In other words, if you establish a current account with us today, you will be eligible to apply for a loan in only two years.

Benefits of Yes Bank Current Account

Yes Bank is one of the leading banks in India and offers a wide range of current account options to suit your business needs. Here are an array of benefits to opening a current account with Yes Bank through IndiaFilings:

• Lifetime Zero Balance
  The Yes Bank lifetime zero-balance current account has no minimum balance restriction, which means you do not need to have a minimum amount in your account. This may be especially helpful for small enterprises with irregular cash flows.
• Less Initial Deposit
  Yes Bank's current account opening services requires less initial deposit than other banks. This makes it easier for small businesses to open a current account and start managing their finances.
• NEFT and RTGS Free
  Yes Bank offers NEFT and RTGS transactions free of cost, which can help you save money on transaction fees.
• Complete Digital Service
  Because Yes Bank's current account opening services are entirely digital, you can manage your account from the comfort of your home or office. You will have an easier time banking as a result of saving time and effort.
• Multiple Current Accounts
  Even if you maintain current accounts with other banks, you are eligible to open one at Yes Bank.
• Doorstep Banking
  Yes Bank offers doorstep banking services, which means that you do not have to visit the bank to deposit or withdraw funds. This service can be particularly beneficial for businesses that are located in remote areas.
• Unlimited Chequebook IssuanceYes Bank offers unlimited chequebook issuance, which means that you do not have to worry about running out of cheques when you need them the most.

How IndiaFilings can help

IndiaFilings is an online platform that provides a variety of business-related services, such as business registration, tax compliance, accounting and legal assistance. Our services help businesses streamline their operations and stay compliant with various regulations.

At IndiaFilings, we understand the importance of having a current account for your business, which is why we have partnered with Yes Bank to provide you with the best current account opening services.

After submitting your information, IndiaFilings will start the account opening procedure with Yes Bank. IndiaFilings can help you with all aspects of the account opening procedure, including assisting with the necessary paperwork and following up with Yes Bank on your behalf. In order to speed up the account opening process, we also give you access to a dedicated account manager who can respond to your questions and help with any problems you might run into.

At IndiaFilings, we make opening a Yes Bank current account hassle-free and straightforward. Our team of professionals will guide you through every step and ensure you receive world-class banking assistance.