SBI vs Yes Bank Savings Account — Which is Better in 2026?
SBI savings account interest rate is 2.70% vs Yes Bank at 4.00%. Yes Bank pays ₹1,300 more per year on a ₹1L balance. However, consider fee waivers and digital features before choosing.
Last updated: April 6, 2026
SBI
2.70%
Savings interest p.a.
Yes Bank
4.00%
Savings interest p.a.
✓ Better dealSBI vs Yes Bank Savings Account — Detailed Comparison
| Feature | SBI | Yes Bank |
|---|---|---|
| Savings Rate | 2.70% | ✓4.00% |
| Processing Fee | Free (zero balance BSBD) | ₹100/month if avg < ₹10,000 |
| Eligibility | Any Indian resident, NRI (with NRE/NRO) | Any Indian resident, NRI |
Savings Rate
SBI
2.70%
Yes Bank
4.00%
Processing Fee
SBI
Free (zero balance BSBD)
Yes Bank
₹100/month if avg < ₹10,000
Eligibility
SBI
Any Indian resident, NRI (with NRE/NRO)
Yes Bank
Any Indian resident, NRI
Verdict
Yes Bank pays a higher savings account interest rate (4.00%) vs SBI (2.70%). Small finance banks and neo-banks often pay 6-7%, but larger banks offer better branch networks and fewer service charges. Choose Yes Bank if you prioritise return on idle cash; choose SBI if you need a full-service relationship bank.
Frequently Asked Questions
Which savings account gives more interest — SBI or Yes Bank?+
Yes Bank currently offers a higher savings rate (4.00%). SBI pays 2.70% and Yes Bank pays 4.00%. On a ₹1L balance, the difference is ₹1,300 per year.
What are the minimum balance requirements for SBI vs Yes Bank savings account?+
SBI: Any Indian resident, NRI (with NRE/NRO). Yes Bank: Any Indian resident, NRI. Failure to maintain minimum balance results in a penalty deducted from your account.
Can I open a savings account in SBI or Yes Bank online?+
Both SBI and Yes Bank offer video KYC-based digital account opening. IDFC First, Kotak, and Yes Bank are fully app-based. SBI and PNB may require a branch visit for full KYC accounts.
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Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.