Yes Bank Flexi Fixed Deposit

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What is a Yes Bank Flexi Deposit?

Yes Bank Flexi Deposit is a sweep-in and sweep-out facility that transfers excess funds from a savings or current account into fixed deposits to earn better interest. The Flexi Fixed Deposit is linked to the Freedom Flexi current account, available in five variants: Freedom Flexi 25, 45, 100, 300, and 500. Each variant has its average monthly balance requirement, cheque book allowance and cash deposit limit. Customers opening a Freedom Flexi current account need to maintain an average monthly balance starting from ₹25,000, making it suitable for businesses and individuals' needs.

Yes Bank Flexi Deposit Interest Rates

The interest rates on Flexi Fixed Deposits are similar to standard Yes Bank FD rates. Below is the Flexi Fixed Deposit interest rates table, showing indicative rates offered by Yes Bank:

For Deposits Less Than ₹3 Crores

*Yes Bank FD interest rates w.e.f. June 12, 2025

To explore comparative options, check the FD interest rates in India.

Key Features of Yes Bank Flexi Fixed Deposit 

Flexi Deposit Yes Bank is designed to meet the dynamic needs of account holders who wish to optimise returns while retaining easy access to funds. Key benefits include:

• Higher Interest Returns: With a Flexi Fixed Deposit, you earn better returns than a regular savings account. The interest rates currently go up to 7.10% for general customers and 7.85% for senior citizens.
• Freedom to Choose Deposit Amount: As long as the minimum FD amount of ₹10,000 is met, you can invest any amount suited to your goals.
• Flexible Tenure Options: You can select a tenure that works best for you. Yes Bank offers many options, making your funds accessible and rewarding.
• Easy and Convenient Setup: Opening a Flexi Deposit with Yes Bank is simple. You can initiate the process via YES Online, YES Mobile (IRIS App), or by visiting your nearest YES Bank branch. The setup is quick and requires only basic KYC documentation.
• Account Benefits with Freedom Flexi: Customers enjoy free RTGS and NEFT, cash deposit limits up to 15 times the AMB, and cheque leaves from 50 to unlimited, depending on the variant. The structure caters to both individuals and businesses with varied transaction needs.

How to Open a Yes Bank Flexi Fixed Deposit?

You can open a Flexi Deposit at Yes Bank online or offline. Existing Yes Bank customers simply need to complete the flexi deposit booking process. New customers must first open a savings account and then link their flexi deposit to that account.

1. Online FD Booking

   You can book a YES Bank FD online. You need to log in, fill out the form, and book the FD amount from your savings account.

   • NetBanking or Mobile App: Log in to YES Bank NetBanking with your credentials or open the YES Mobile app.
   • Go to ‘Fixed Deposit’: Navigate to the 'Deposits' section and select the 'YES Liquid Fixed Deposit' option.
   • Select FD Amount: Select your account and enter the amount as per your investment goals.
   • Select FD Type: Choose the deposit option that links your savings or current account.
   • Maturity Instructions: Select options like auto-renewal, interest payout frequency, or payout at maturity.
   • Review & Confirm: Check all details, accept the terms & conditions, and submit.
   • FD Receipt: An e-receipt for your Fixed Deposit will be generated instantly.

2. Offline FD Booking

   If you find the offline process more convenient, just visit your nearest YES Bank branch to book an FD.

   • Visit YES Bank Branch: Visit a branch with your PAN/Aadhaar and a cheque or cash.
   • FD Form: Fill out the Term Deposit form at the YES Bank branch.
   • Submit Documents: Submit the required KYC proofs if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount digitally, through a cheque, or cash.
   • Tenure & Interest Options: Choose the tenure and interest payout frequency.
   • Get the FD Receipt: YES Bank will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison of the key features between Yes Bank’s Regular Fixed Deposits and Flexi Fixed Deposits:

Key Takeaways

Yes Bank Flexi Fixed Deposit allows you to earn higher returns on surplus funds while maintaining liquidity. It offers better interest than a savings account and helps avoid Yes Bank FD premature withdrawal penalties. With automatic sweep-in and sweep-out, your funds are managed efficiently without manual intervention. Flexi deposits are the right option for growing your money with higher returns than regular FDs, giving depositors an edge when it comes to maximising surplus funds.