Mid-sized private sector lender Yes Bank today claimed to have launched the industry’s first customisable savings account which will protect customers from “unwanted charges” levied in current offerings.
“Along with enabling the customer to create an account that suits his or her lifestyle and banking preferences, the customisable savings account will also protect the customer from unwarranted charges by eliminating unnecessary account features,” it said in a statement.
Customers can choose from options like debit cards, alternatives to minimum balance requirements, and banking benefits such as ATM usage, digital banking products, branch banking and family grouping, it said.