YES BANK

YES BANK is an Indian bank that offers merchant acquiring and institutional escrow. Its merchant terms define the bank as an organisation that acquires payment transactions and transfers funds to merchants, and the legal entity is YES BANK Limited, with its registered address in Santacruz East, Mumbai.

Merchant acquiring

The agreement covers POS and EDC terminals, mobile devices and Bharat QR. It is written for sole proprietors, partnerships, companies, trusts and government bodies, so a wide range of Indian entities can apply. The listed services are merchant acquiring, POS and Bharat QR.

Escrow

The bank also provides escrow management for share acquisitions, delisting, buyback, project finance and trust-and-retention accounts. It collects money in IPOs, handles reconciliation and organises bulk refunds through NEFT and RTGS. An API portal is published for technical integration.

Registration

The company states the corporate identity number CIN L65190MH2003PLC143249.

What to confirm

Merchant discount rates, settlement times, terminal charges and escrow fees are not given in the published description. A merchant should request the rate schedule, and an escrow client should ask about documentation requirements, since both depend on the specific transaction or agreement.