YES bank has announced new rules for Merchant Easy and Merchant Prime current accounts, effective October 1, 2025. These changes will impact cash deposits, minimum balance requirements, penalties, and debit card charges.
New Cash Deposit Rules
- Merchant Easy Account
- Free deposit: Up to 12× AMB (average monthly balance), capped at Rs 1.5 crore.
- Merchant Prime Account
- Free deposit: Up to 15× AMB, capped at Rs 5 crore.
👉 Beyond the limit: Rs 4 per Rs 1,000 (min Rs 50 per transaction).
📌 Other charges:
- 2% fee on deposits of notes Rs 50 & below (if above Rs 10,000).
- Coin deposits free up to Rs 1,000/month; above that, 5% charge.
Minimum Balance & Penalty
- Merchant Easy: AMB = Rs 25,000
- Merchant Prime: AMB = Rs 50,000
Penalties for non-maintenance:
- Rs 250 if balance shortfall.
- Rs 500 if balance is less than half the required AMB.
Transactions & Payments
- RTGS / NEFT / intra-bank transfers → Free
- IMPS → 5 free transactions/month; after that, Rs 2.5–Rs 15 depending on amount.
- Cheque book → First 100 leaves free; after that, Rs 2 per leaf.
- Demand drafts (at YES bank branches) → Free.
Revised Debit Card Charges
Element business Debit Card (default for all merchant accounts):
- Annual fee: Rs 349
- International ATM withdrawal: Rs 150 per transaction
- International balance inquiry: Rs 20
- Domestic ATM usage:
- At other bank ATMs: 3 free (metro), 4 free (non-metro).
- After limit: Rs 23 per transaction (financial), Rs 10 per inquiry (non-financial).
What Account Holders Should Do
- Review AMB and deposit patterns to avoid penalties.
- Keep an eye on small denomination deposits and coin deposits to reduce charges.
- Plan cash handling and IMPS usage efficiently.
- Remember: All charges are exclusive of taxes and subject to change.
Bottom line: These updates are aimed at balancing merchant account services with operational costs. If your business handles large cash transactions, you’ll need to plan smartly to avoid unnecessary fees.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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