Yes Bank FD Rates

The type of bank account that offers a fixed tenure for your investment while paying your interest at regular intervals is called a fixed deposit account. The investment will be returned by the bank only after the tenure ends. The interest rate varies depending on the bank. 

FEATURES
hdfc-life
sbi-bank
hdfc-bank
hdfc-life
Returns (Max Tenure)
6.25%
5.5%
5.75%
Highest Return6.3%
Life Cover
No
No
No
Yes
Tax Saving
No
No
No
₹46,800*

Yearly

* Assuming investment of ₹ 1 Lakh per year & income tax slab of 30%

Yes Bank FD Rates
Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.50% 4.00%
46 days to 90 days 4.00% 4.50%
3 months to < 6 months 4.50% 5.00%
6 months to < 9 months 4.75% 5.25%
9 months to < 1 year 5.00% 5.50%
1 year to < 1.5 years 5.75% 6.25%
1.5 years to < 3 years 6.00% 6.50%
3 years to < = 10 years 6.25% 7.00%

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

5 Yrs FD rate - Historical trend
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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%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
SBI FD Rates 5.30% - 5.40% 5.80% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Kotak Bank FD Rates 2.50% - 5.75% 3.00% - 6.25%
Canara Bank FD Rates 2.90% - 5.40% 2.90% - 5.90%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Bank of Baroda FD Rates 2.80% - 5.25% 3.30% - 6.25%
Bank of India FD Rates 2.85% - 5.05% 3.35% - 5.55%
Central Bank of India FD Rates 2.75% - 5.00% 2.90% - 3.25%
DBS Bank FD Rates 2.50% - 5.50% 3.50% - 6.00%
IDFC Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
IndusInd Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Punjab National Bank FD Rates 2.90% - 5.25% 3.50% - 5.75%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Show More

About Yes Bank FD

Yes Bank offers different fixed deposit rates to suit your needs. This article explores FD interest rates in detail.

  • Yes Bank Fixed Deposit Rates

    It is advisable to reconfirm the FD Rates from the bank before making any decision based on the data provided below.

    1. For Domestic Deposits – Rs. 2 Crore to < 5 Crore (w.e.f 8th January 2022)

    Tenure Regular Interest Rate Senior Citizen Interest Rate
    7 days to 14 days 3.00% 3.00%
    15 days to 30 days 3.15% 3.15%
    31 days to 45 days 3.20% 3.20%
    46 days to 60 days 3.45% 3.45%
    61 days to 90 days 3.55% 3.55%
    91 days to 120 days 3.85% 3.85%
    121 days to 180 days 3.85% 3.85%
    180 days to 270 days 4.50% 4.75%
    271 days to < 1 year 4.85% 5.10%
    1 year (12 months) 5.25% 5.70%
    12 months to < 18 months 5.25% 5.70%
    18 months to < 2 year 5.25% 5.50%
    2 years to < 3 years 5.50% 5.75%
    3 years to < 5 years  5.50% 5.75%
    5 years and above 5.50% 5.75%

    Note: The aforementioned Yes Bank FD rates are subject to change as per the decision of the Bank.

    To know the interest rates for FD amounts of above Rs 5 crore, you need to connect with the bank.

  • Tax Implications

    The amount invested in Fixed Deposit with a tenure of 5 years with Yes Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

    The applicable tax will be deducted at source, i.e. Yes Bank, in case the annual interest earned crosses Rs. 10,000.

  • Interest Rates for Non-Resident Indians

    1. NRE Fixed deposit account (Rates for amounts less than 2 crores)

    Tenure Interest rate
    1 year to < 18 months 5.75%
    18 months to < 3 years 6.00%
    3 years to < = 10 years 6.25%

    2. For NRO Fixed Deposit - Less than Rs. 2 Cr (w.e.f. 4th January 2022)

    Tenure Interest Rates
    7 days to 14 days 3.25%
    15 days to 45 days 3.50%
    46 days to < 3 months 4.00%
    3 months to < 6months 4.50%
    6 months to <9 months 4.75%
    9 months to < 1 year 5.50%
    1 year to < 18 months 5.75%
    18 months to < 3 years 6.00%
    3 years to < = 10 years 6.25%
  • Aspects of Yes Bank Fixed Deposit Account

    Yes Bank Fixed deposit account has the same basic rules as every other bank’s FD or term deposit account in India, like:

    • Yes Bank FD rates or interest rates in any bank varies depending on the tenure of the deposit, the bank, and the principal amount.
    • At the end of the term, the tenure of the account can be renewed.
    • The tenure varies from 7 days to 10 years.
  • Significance of Yes Bank Fixed Deposit Account

    Here’s why you should hold a Yes Bank FD account:

    • It is the best risk management tool, especially if the customer is looking for a long-term financial tool.
    • A Fixed Deposit in Yes Bank is a safety net against liabilities. In the case of uncertainties, a loan can be availed against the term deposit.
    • The competitive FD rates help the customer maintain an extra income.
    • From protecting the depositor’s fund to boosting the economy of the country, a fixed deposit account has several benefits.
  • Types of Yes Bank FD Schemes

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

    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 of 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% rate of interest to the 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.

  • Loan Against Fixed Deposit of Yes Bank

    Yes Bank 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.

  • Term-Wise Yes Bank FD Interest Rates

    Fixed Deposits are considered one of the best ways for investing 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 range from five years to 10 years and the Yes Bank FD rates offered are 6.75%.

    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 6.50%.

    3. Short-Term Deposits

    The tenure of Yes Bank short-term fixed deposits ranges from seven days to 12 months. The Yes Bank FD rates range from 3.00% per annum to 5.75% per annum. The reason for calling them short-term fixed deposits is their tenure which is less than one year.

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