How to close Yes bank account online and offline?

Short Answer

Yes bank account cannot be closed online. To close the Yes Bank account, visit the nearest Yes bank branch and submit a duly-filled Yes Bank account closure form . Your bank account will be closed within 10 working days.

Detailed Answer

Yes Bank is a private-sector bank that provides retail banking and asset management services along with a wide range of unique products for corporate and retail customers. However, many people want to close the Yes bank account due to the ongoing chaos or for personal reasons. Today, we'll look at the simple steps to close Yes bank account.

How to close Yes bank account online and offline?

Yes bank account cannot be closed online. The bank account can only be closed in offline mode. To close your Yes bank account, follow these steps -

Step 1. Download the Yes bank account closure form or you can get this from the bank also.

Step 2. Take printout of the closure form and fill in all the details that include-

  • Account holder(s) name
  • Account number
  • Customer ID
  • Type of account
  • Account closure reason
  • and details of Demat or Trading account linked with your account.

Step 3. Duly sign the closure form and if more than one person holds that account, then the signature of the other holder is also required.

Step 4. Attach a copy of your KYC documents and your bank passbook, chequebook, and debit card also.

Step 5. If you still have money in your account, you can transfer it to another account. For that, provide the details of the target account on the closure form as well.

Step 6. Submit the closure form along with the attached documents to the nearest branch of Yes bank.

Yes Bank Account Closing Charges

The closing fees vary depending on the account type. For saving accounts, the bank does not impose any closing fees if you close your bank account within 30 days of opening it. However, 500 INR and an 18% GST is charged if you close after 30 days.

Close Yes bank account online and offline

Yes bank can only be closed in offline mode by submitting the closure form. It will take 7 to 10 days to close the account completely. However, there is a closing fee as well, which varies and depends on the account type.

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