YES Bank has launched a customisable savings account that gives customers the power to choose various features of a savings account.
The product seeks to protect the customer from unwarranted charges by eliminating unnecessary account features, the bank said.
The private sector bank, in a statement, said 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 customisable savings account will continue to offer high interest rate of 6 per cent along with maximum tax exemption benefit with 34 per cent lesser investment in terms of balances, and digital banking solutions suited to a “Less-Cash Economy”, the statement said.