Yes Bank Senior Citizen FD Rates 2025
Yes Bank senior citizen FD rates range from 3.75% to 7.85% per annum. Senior citizens get preferential rates of 0.50% to 0.75% higher than regular FDs with Yes Bank, depending on the tenure and deposit amount.
Investment Plans
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Save upto ₹46,800 in tax under Sec 80C
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Inbuilt Life Cover
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Tax Free Returns Unlike FD+
Buy Online & Get upto 4% extra#
Get Guaranteed returns up to 7.1%*
Fully Tax-Free* (unlike FD), Life Cover Included
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FD Interest Rates
- Yes Bank FD Rates for Senior Citizens
What is a YES Bank Senior Citizen FD?
A Yes Bank Senior Citizen FD is tailored for individuals aged 60 years and above, offering higher interest rates and flexible payout options. Senior citizens can choose to receive interest monthly, quarterly, half-yearly, or on a cumulative basis at maturity. This allows individuals to align their FD with either regular income needs or long-term savings goals.
The minimum investment amount required to open a fixed deposit with Yes Bank is ₹10,000, with no upper limit on the deposit amount. View the latest returns offered on Yes Bank fixed deposits, and you can check the current Yes Bank FD rates.
Information About
Guaranteed Return Plans
Returns Before Tax
7.1% (TAX-FREE)
Returns After Tax
7.1%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
Key Benefits of YES Bank Senior Citizen FD
Below are some of the key advantages available to senior citizen depositors:
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Flexible Tenure Options:
Yes Bank offers senior citizens a choice of deposit periods ranging from 7 days to 10 years, making it easier to plan their investments based on personal financial needs.
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No Penalty on Premature Withdrawal:
Yes Bank allows senior citizens to close their fixed deposits before maturity without any penalty, providing convenient access to funds when needed.
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Auto-Renewal Facility:
Yes Bank offers an auto-renewal option for fixed deposits, allowing them to renew automatically upon maturity. This feature is especially helpful for senior and super-senior citizens who may prefer to avoid visiting the bank or are not fully comfortable with digital banking platforms.
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Sweep-in/Sweep-out Facility:
Yes Bank provides a sweep-in/sweep-out facility that automatically transfers funds between savings accounts and fixed deposit accounts. This allows the transfer of surplus funds (in multiples of ₹5,000) into the FD when the account balance exceeds a preset threshold. When funds are needed, the required amount is swept out of the FD and back into the savings account without penalty.
Yes Bank FD interest rates for senior citizens
The following table outlines the interest rates offered by Yes Bank FD rates for senior citizens for different durations.
YES Bank Senior Citizen Fixed Deposit Interest Rates (Below ₹3 Crore)
| Tenure | Senior Citizen Interest Rate (% p.a.) |
| 7 to 14 days | 3.75 |
| 15 to 45 days | 4.00 |
| 46 to 90 days | 5.00 |
| 91 to 120 days | 5.25 |
| 121 to 180 days | 5.25 |
| 181 to 271 days | 6.50 |
| 272 days to less than 12 months | 6.75 |
| 12 months | 7.25 |
| 12 months 1 day to less than 18 months | 7.35 |
| 18 months | 7.35 |
| 18 months 1 day to less than 24 months | 7.50 |
| 24 months to less than 36 months | 7.50 |
| 36 months to less than 60 months | 7.85 |
| 60 months | 7.50 |
| 60 months 1 day to less than 120 months | 7.50 |
*Yes Bank senior citizen FD rates w.e.f. June 12, 2025
YES Bank Senior Citizen FD Rates ₹3 Cr to less than ₹3.10 Cr (Premature Withdrawal Allowed)
| Tenure | Senior Citizen Rate (% p.a.) |
| 7 to 14 Days | 3.75 |
| 15 to 30 Days | 4.00 |
| 31 to 45 Days | 4.00 |
| 46 to 60 Days | 5.00 |
| 61 to 90 Days | 5.00 |
| 91 to 120 Days | 5.25 |
| 121 to 150 Days | 5.25 |
| 151 to 180 Days | 5.25 |
| 181 to 270 Days | 6.50 |
| 271 Days to less than 1 Year | 6.75 |
| 12 Months (1 Year) | 7.25 |
| 12 Month 1 Day to 12 Month 20 Day | 7.35 |
| 12 Month 21 Day to less than 15 Months | 7.35 |
| 15 Months | 7.35 |
| 15 Months 1 Day to less than 18 Months | 7.35 |
| 18 Months to less than 20 Months | 7.50 |
| 20 Months to 22 Months | 7.50 |
| 22 Months 1 Day to less than 2 Years | 7.50 |
| 2 Years to less than 3 Years | 7.50 |
| 3 Years to less than 5 Years | 7.85 |
| 5 Years | 7.50 |
| 5 Years 1 Day & Above | 7.50 |
*Yes Bank senior citizen FD rates w.e.f. June 12, 2025
YES Bank Senior Citizen FD Rates ₹3 Crore to less than ₹3.10 Crore (Premature Withdrawal Not Allowed)
| Tenure | Senior Citizen Rate (% p.a.) |
| 7 to 14 Days | 3.75 |
| 15 to 30 Days | 4.00 |
| 31 to 45 Days | 4.00 |
| 46 to 60 Days | 5.00 |
| 61 to 90 Days | 5.00 |
| 91 to 120 Days | 5.35 |
| 121 to 150 Days | 5.35 |
| 151 to 180 Days | 5.35 |
| 181 to 270 Days | 6.60 |
| 271 Days to less than 1 Year | 6.85 |
| 12 Months (1 Year) | 7.35 |
| 12 Months 1 Day to 12 Months 20 Days | 7.45 |
| 12 Months 21 Days to less than 15 Months | 7.45 |
| 15 Months | 7.45 |
| 15 Months 1 Day to less than 18 Months | 7.45 |
| 18 Months to less than 20 Months | 7.60 |
| 20 Months to 22 Months | 7.60 |
| 22 Months 1 Day to less than 2 Years | 7.60 |
| 2 Years to less than 3 Years | 7.60 |
| 3 Years to less than 5 Years | 7.95 |
| 5 Years | 7.60 |
| 5 Years 1 Day and above | 7.60 |
*Yes Bank senior citizen FD rates w.e.f. June 12, 2025
Note: It’s advisable to compare FD interest rates across leading banks in India to choose the most suitable option for your needs.
FD interest rates India have fallen consistently over the last 12 years.
How to Open a YES Bank Senior Citizen FD
YES Bank offers both online and offline methods for senior citizens to open fixed deposit accounts with ease.
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Online Method
Through Internet Banking
- Log in to your YES Bank NetBanking account.
- Navigate to the “Open New Fixed Deposit” section.
- Select FD Type: Choose the Senior Citizen option or a specific product like YES Respect / YES Respect Plus.
- Enter the required details, including deposit amount (minimum ₹10,000), tenure, interest payout preference, and nominee.
- Authenticate using OTP and confirm your FD booking.
Through YES Mobile App
- Open the YES Mobile App on your smartphone.
- Go to “Deposits” → “Fixed Deposit”.
- Enter the necessary deposit details and confirm using your MPIN.
Through YES ROBOT (Chatbot)
- Access the YES Robot on the YES Bank website or via Facebook Messenger.
- Type “Open FD” to start the process.
- Authenticate using your Customer ID and OTP.
- Enter deposit details such as amount, tenure, and select the senior citizen scheme.
- Complete the process as instructed.
Through Phone or WhatsApp Banking
- Call YES Bank customer care at 1800-1200 and follow the instructions or speak with a representative.
- Alternatively, message “Hi” to 82912 01200 on WhatsApp.
- Choose “Deposits” → “Fixed Deposit” and follow the guided steps to complete the booking via chat.
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Offline Method
- Collect and fill out the FD application form, specifying the senior citizen scheme.
- Submit necessary KYC documents, including identity proof, address proof, and PAN.
- Choose your preferred tenure, interest payout option, nominee, and auto-renewal instructions.
- Deposit the required amount (minimum ₹10,000).
- Receive the fixed deposit receipt upon successful processing.
Taxation on YES Bank Senior Citizen FD Interest
Interest earned on YES Bank Senior Citizen Fixed Deposits is taxable under the Income Tax Act, 1961, and is added to the total income of the depositor, taxed as per the applicable income slab. From April 1, 2025, TDS will be deducted only if the total interest in a financial year exceeds ₹1 lakh. Senior citizens can submit Form 15H to YES Bank to avoid TDS if their total income is below the taxable limit. Under Section 80TTB, they can also claim a deduction of up to ₹50,000 on interest income earned from deposits held with YES Bank.
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Key Takeaways
YES Bank Senior Citizen Fixed Deposit offers preferential interest rates of up to 0.50% above the standard FD rates, subject to the chosen tenure. Accounts may be opened through both digital platforms and branch visits. As per Reserve Bank of India guidelines, individuals aged 60 years and above are eligible for senior citizen fixed deposits. While YES Bank provides competitive interest rates, the rate advantage is more substantial over medium to long-term tenures.
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FAQs
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Is there any specific YES Bank FD scheme for senior citizens to save tax?
YES Bank provides tax-saving fixed deposit schemes eligible under Section 80C. Senior citizens can invest up to ₹1.5 lakh and claim a tax deduction; however, the interest earned on these deposits is taxable. -
Does YES Bank offer an overdraft facility on Senior Citizen Fixed Deposits?
Yes, YES Bank provides an overdraft facility of up to 90% of the fixed deposit amount. This enables senior citizens to access the FD without premature closure, offering liquidity and continued interest earnings. -
Are there any charges for premature withdrawal of Senior Citizen FDs?
Senior Citizen Fixed Deposits with YES Bank are not subject to premature withdrawal penalties, allowing depositors to access funds before maturity without incurring additional charges. -
What additional interest rate do senior citizens receive on FD tenures at YES Bank?
Senior citizens investing in fixed deposits with YES Bank receive an additional 0.50% per annum over the standard FD rate for tenures below three years and an additional 0.75% per annum for tenures of three years or more.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
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