Yes Bank FD Interest Rates

YES bank is a renowned name in the banking industry, holding its headquarters in Mumbai, Maharashtra. YES Bank Limited offers a plethora of services and products for its customers. One of their major selling products is the YES Bank Fixed Deposit scheme, also known as term deposit, which provides competitive interest rates compared to other banks in the financial market, with tenure ranging from 7 days to 10 years. The bank offers myriad Fixed Deposit (FD) options for Individuals, Senior Citizens, and NRIs.

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FEATURES
pnb-bank
sbi-bank
hdfc-life-insurance
maxlife
Returns (BEFORE TAX)
7.25%
6.7%
7.0%
Highest Return7.5%
Returns (AFTER TAX)*
5.00%
4.7%
4.9%
LIFE COVER
No
No
No
₹10 Lakh**

YES Bank FD Rates Apr 2024

Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.70% 4.20%
46 days to 90 days 4.10% 4.60%
91 days to 120 days 4.75% 5.25%
121 days to 180 days 5.00% 5.50%
181 days to 271 days 6.10% 6.60%
272 days to less than 1 year 6.35% 6.85%
1 year 7.25% 7.75%
1 year 1 day to less than 18 months 7.50% 8.00%
18 months to less than 24 months 7.75% 8.25%
24 months to less than 36 months 7.25% 7.75%
36 months to less than 60 months 7.25% 8.00%
60 months 7.25% 8.00%
60 months 1 day to 120 months 7.00% 7.75%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

1 Yrs FD rate - Historical trend
Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
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
VIEW PLANS
*For annual premium upto ₹5 Lacs
fd return beater
FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

Compare FD Interest Rates of Top Financial Institutions

BANKS GENERAL CITIZENS SENIOR CITIZEN
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
SBI bank FD Rates 5.30% - 5.40% 5.80% - 6.20%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
ICICI Bank FD Rates 2.75% - 5.70% 3.25% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Canara Bank FD Rates 2.93% - 6.40% 2.93% - 6.40%
Kotak Mahindra FD Rates 2.50% - 5.75% 3.00% - 6.25%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Union Bank of India FD Rates 3.00% - 5.50% 3.75% - 5.75%
Indusind Bank FD Rates 2.75% - 6.00% 3.25% - 6.50%
PNB FD Rates 3.00% - 5.75% 3.50% - 6.25%
Bank of Baroda FD Rates 3.00% - 5.10% 3.50% - 5.60%
IDFC Bank FD Rates 3.50% - 6.00% 4.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
DBS Bank FD Rates 2.50% - 5.50% 2.50% - 5.50%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Bank of India FD Rates 2.85% - 5.35% 3.00% - 6.50%
IDBI Bank FD Rates 2.90% - 5.30% 3.40% - 5.90%
Central Bank of India FD Rates 2.75% - 5.15% 3.25% - 5.65%
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Expand

About YES Bank FD Interest Rates

There are multiple options under the fixed deposit scheme offered by YES bank for customers to save a generous amount from their earnings to fulfill their future financial requirements.

YES Bank also provides multiple FD options like Resident Fixed Deposit, Yes Bank Tax-Saver FD, and YES Bank Senior Citizens FD Scheme, which come with various online banking facilities. You can also make huge profits with a five-year tax-saving fixed deposit scheme.

Under the FD tax deduction benefit option, one can save up to Rs. 1,50,000 annually as per Section 80C of the Income Tax Act, 1961. It is extremely convenient and easy to open an FD account online by logging in to the YES Bank internet banking account.

  • Types of Yes Bank FD Schemes

    The types of Fixed Deposit Schemes offered by Yes Bank are:

    • Resident Fixed Deposit
    • Tax Saver FD
    • YES Bank Senior Citizen Fixed Deposit Scheme

    1. Resident Fixed Deposit

    The features of this scheme are:

    • The tenure of FD under this scheme ranges from seven days to 10 years.
    • Auto-renewal facility offered.
    • An overdraft or loan facility against RD is provided.
    • The facility of inter-city banking is offered.
    Eligibility:

    Any resident individual, Hindu Undivided Families, partnership firms, companies, sole proprietorship, associations, trusts, societies, and clubs are eligible.

    2. Tax Saver FD

    The features of this FD scheme are:

    • Tax saver fixed deposits of Yes Bank have a lock-in period of five years.
    • Offers the facility of a joint account.
    • The depositors can avail of the benefit of tax exemption u/s 80C of the IT Act.
    • A loan against FD is not offered.
    • The facility for premature withdrawal is not provided.
    Eligibility:

    Any Hindu Undivided Family, resident individual, partnership firm, company, family trusts, sole proprietorship, clubs, societies, and associations are eligible.

    3. Yes Bank Senior Citizen Fixed Deposit Scheme

    The features of this scheme are:

    • Yes Bank offers an extra 0.50% interest rate to senior citizens over the regular Yes Bank FD rates of fixed deposits.
    • The facility of a joint account is provided wherein the first account holder has to be a senior citizen.
    • The Yes Bank FD rates for senior citizens range from 5.50% to 8.00% per annum.
    Eligibility:

    Indian residents who are of 60 years and above.

  • Term-Wise Yes Bank Fixed Deposit Rates

    Fixed Deposits are considered one of the best ways to invest your surplus money. As per the tenure, the Yes Bank Fixed Deposit interest rates are further categorized into long-term, medium-term, and short-term deposits.

    1. Long-Term Deposits

    The tenure of these fixed deposits ranges from 5 years to 10 years, and the Yes Bank FD rates offered are 6.92%.

    2. Medium-Term Deposits

    The tenure of medium-term fixed deposits ranges from one year to less than five years. The Yes Bank FD rate for such deposits is 6.40%.

    3. Short-Term Deposits

    YES Bank's short-term fixed deposits range from 7 days to 12 months. The YES Bank FD rates range from 3.25% per annum to 5.83% per annum. The reason for calling them short-term fixed deposits is their tenure of less than one year.

  • Features of YES Bank FD Account

    The features and benefits of these fixed deposits are:

    • The tenure of YES Bank fixed deposits range from 7 days to 10 years.
    • The YES Bank FD rates are attractive, and the senior citizens get a 0.50% extra interest rate on regular YES Bank FD interest rates.
    • You can start your fixed deposit account with YES Bank by investing a minimum deposit of Rs. 10,000.
    • A nomination facility is available.
    • The fixed deposit account opening process is extremely easy and quick.
    • The bank provides the facility of loans against the FDs.
    • There are many fixed deposit options to select from.
  • Eligibility Criteria

    Below are the groups and individuals who are eligible to open a Regular YES Bank Fixed Deposit Account-

    • Hindu undivided families
    • Residents
    • Partnership firms
    • Sole proprietorship firms
    • Trust accounts
    • Limited companies
  • Premature Withdrawal

    • Premature withdrawals are allowed under the YES Bank FD deposits before the completion of 181 days.
    • A penalty of 0.50% is levied if the tenure of FD increases by 181 days.
  • Document Required

    • Current Photographs 
    • KYC Documents 
    • Aadhar Card 
    • PAN Card 
    • Passport 
    • Voter ID card 
    • Driving License 
    • Proofs of Partnership: Partnership deed, ID Proofs, and Signatures of authorized signatories incorporating certificate. 
    • Hindu Undivided Family: PAN Card – Self-attested, HUF declaration, and Statement of Bank
  • How to invest in the YES Bank FD scheme

    An investor can opt for either of the following methods to invest in the YES Bank FD Scheme:

    1. Internet Banking

    The following steps need to be followed to invest via internet banking:

    • Login to the YES Bank account
    • Click on the "Open Fixed Deposit" option under the "transaction" tab.
    • Fill in the needful details like the policy's tenure and the amount willing to be invested.
    • Provide nominee details.
    • Confirm all the details before proceeding further.
    • A receipt will be generated that can be downloaded instantly.

    2. YES Bank Mobile Application

    The following steps need to be followed to open an FD account via the mobile application of YES Bank:

    • Download the YES bank application on your mobile (can be either ios or android).
    • After creating credentials, one can sign in to the application.
    • Head to the main menu and select the deposit option after signing in.
    • Under the "Deposits" option, choose the "Open Fixed Deposit" tab.
    • Fill in all the required details and upload the required documents.
    • A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

    3. A YES Bank FD Account Offline

    In the offline method of opening a YES Bank Fixed Deposit Account, the investor needs to visit the nearest YES Bank branch and fill out forms to open their respective FD savings account. All the relevant documents must be submitted to the branch manager with the deposit amount. After successfully verifying all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.

  • Loan Against Fixed Deposit of YES Bank

    YES Bank also offers loans against fixed deposits. You can get a loan up to 90% of the amount of its fixed deposit. The bank does not offer you a loan against the FD of any other bank. The maximum tenure of the loan is restricted to the FD tenure.

* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Get Guaranteed returns upto 7.5%*

Fully Tax-Free unlike FD, and Life Cover Included

*T&C Applied.

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