Yes Bank has recently launched a premium banking program called Grandeur. This exclusive program is designed to cater to the needs of affluent clients and is only available to those who maintain high average balances or have a significant relationship with the bank. The Yes Grandeur Savings Account offers a range of premium banking features, including personal banking services, no charges for a wide variety of services, a rewarding debit card, milestone vouchers, and complimentary/discounted locker services.
Who Are Eligible for Yes Grandeur?
Those who meet the following criteria are eligible for Yes Grandeur:
- An Average Monthly Balance of ₹5 Lakhs. The average of the daily closing balance for the month is calculated by the summation of the daily closing balance divided by the actual number of calendar days in the month, or
- A Net Relationship Value of ₹20 Lakhs. Net Relationship Value (NRV) is calculated by summing the Average Monthly Balance of Savings and Current Accounts, the value of Fixed Deposits, Mutual Funds, Insurance premiums paid, and 25% of Demat holdings with Yes Bank, or
- A Basis Loan Relationship Value.
The eligibility criteria may include Average Monthly Balance (AMB) or Net Relationship Value (NRV) maintained by your family members, as long as they are categorized in the same relationship.
Milestone Benefits
With the Yes Bank Grandeur program, customers shall receive the following milestone benefits:
- Annual subscription to Disney+ Hotstar or SonyLIV for the latest movies and TV shows
- Annual wellness membership for two members with benefits worth ₹20,000
- Voucher worth ₹3,000 for use across Taj, ITC Hotels, or Amazon
- Redemption of 10,000 YES Rewardz worth ₹2,500 across various brands
- Voucher worth ₹2,000 for use across Taj, ITC Hotels, or Amazon upon opening a family account
Check out the complete milestone benefits details and other crucial information here.
Locker Benefits
Complimentary locker for the first year for all sizes; 40% discount from the second year onwards. Benefits are available to joint account holders. Pricing benefits can be availed by each member of the groupp.
About Yes Grandeur Debit Card
Here are some of the benefits offered by the Yes Grandeur Debit Card.
- Buy 1 Get 1 Free on movie tickets booked through BookMyShow, once a month for movie tickets upto ₹500.
- Free access to domestic airport lounges (once each quarter along with a guest) and golf lessons.
- No charges for cross-currency markups.
- 5x YES Rewardz on debit card weekend spending.
- ₹2000 Amazon gift card for debit card spending of ₹1 lakh or more in the first year.
- 5% cashback on utility bill payments and groceries.
- Monthly discounts on Swiggy and Zomato.
Bottom Line
YES Grandeur aims to improve and personalize customer experience by providing special benefits in banking, travel, and lifestyle. This program is most suited for high-net-worth individuals as it offers a variety of rewards and special privileges for high spending. Whether it’s the Yes Grandeur Debit or the Yes Bank Marquee Credit Card, this program offers numerous benefits across the board, from free locker services and free brokerage on trade to complimentary lounge access.