Finance 31 October 2026
Yes Bank Launches 'Yes vibez' Savings Account Tailored for Gen Z
Why in the News?
**Yes Bank** has launched a specially curated savings account named **'Yes vibez'** targeted at Gen Z and young customers, introducing features designed around modern digital and spending habits.
Key Features / Major Points:
- Cashback & Rewards:
- Offers up to **₹12,000 cashback** on debit card spends.
- Up to **₹3,000 in rewards** on UPI merchant transactions.
- Comprehensive Benefits (Worth up to ₹22,000):
- Complimentary Demat and trading account via Yes Securities with **zero brokerage charges for the first year**.
- **First-year free Fixed Deposit (FD) backed credit card**.
- Customised Debit Cards & Zero Fees:
- The account operates on a **zero service charge** model.
- Offers multiple debit card variants, including personalised photo/display picture (DP) options and wellness benefits like gym access and health assessments.
- Industry Context:
- Similar youth-focused accounts exist across the banking sector, such as Bank of Baroda's **bob Yuva Connect** and Indian Overseas Bank's **IOB YUVA Connect**, which require no minimum balance.
Static GK Facts:
- Yes Bank:
- Founded: **2004** (Co-founded by Rana Kapoor and Ashok Kapur).
- Headquarters: **Mumbai, Maharashtra**.
- Current Managing Director & CEO: **Prashant Kumar**.
- Peer Youth Banking Schemes:
- Bank of Baroda — *bob Yuva Connect* (for ages 16 to 29).
- Indian Overseas Bank — *IOB YUVA Connect*.
One-Liner Quiz (All Competitive Exams):
Q: Which bank has recently introduced the 'Yes vibez' savings account specifically designed for Gen Z customers?
A: Yes Bank
Q: What is the maximum cashback offered on debit card spends under the Yes vibez account?
A: Up to ₹12,000
Q: Who is the current Managing Director and CEO of Yes Bank?
A: Prashant Kumar
Q: Where is the corporate headquarters of Yes Bank located?
A: Mumbai, Maharashtra
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