My sister enquired about the YES Bank NRI account minimum balance, after opening an NRI account. As she frequently manages finances from abroad, she wanted to have a simple and easy banking experience without worrying about penalties. Understanding the minimum balance requirement was a key part of that. She got to know that for both NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts, Rs 10,000 is the minimum balance you need to maintain.
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What is the YES Bank NRI Minimum Balance?
As per my sister, the YES Bank minimum balance requirements for NRI accounts starts from Rs. 10,000 onwards.
Also, there is zero minimum balance requirement for NRIs in the Portfolio Investing scheme of YES Bank. Whereas for NRO fixed deposit YES Bank asks for a minimum balance requirement of Rs. 10,000 onwards.
What Happens If You Don’t Maintain It?
If the balance dips below the required amount, YES Bank will charge a penalty for the same.
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What is Yes Bank NRI Account Minimum Balance?
Falgun
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2 months
2025-03-04T00:46:06+00:00 2025-03-04T00:46:07+00:00Comment
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