YES Bank introduced a customizable savings account where the customers can choose various features they like. This will ensure that the customers are not charged for various unwanted features that go with normal savings accounts. The bank said in a statement customers can choose from a range of options, including debit cards, alternatives to minimum balance requirement, banking benefits such as ATM usage, digital banking products, branch banking and family grouping and complimentary offers on the bank’s other products. The account will continue to offer interest rate of 6% along with maximum tax exemption benefit with 34% lesser investment in terms of balances and digital banking solutions suited to a less cash economy, the statement added.
