<h1>Bank promotion for tiered high-yield savings raises legal risks over advertised yields, disclosures, zero-fee claims, KYC and insurance</h1> A private bank issued a promotional release touting a tiered high-yield savings account with daily balance interest, monthly crediting, zero-fee services, unlimited ATM access, digital onboarding, and ancillary insurance benefits. The communication raises legal considerations under banking and consumer laws, including accuracy of advertised yields, clear disclosure of tiers and eligibility, terms for 'zero charges,' regulatory compliance with central bank norms on interest computation and KYC, valid insurance coverage descriptions, and potential liability for misleading claims. Advertised protections and benefits should be substantiated in written terms and subject to regulator oversight and consumer remedies.