Yes Bank FD rates for Senior Citizens 2025

What is a YES Bank Senior Citizen FD?

A Yes Bank Senior Citizen FD is designed 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.

Key Benefits of YES Bank Senior Citizen FD

Below are some of the key advantages available to senior citizen depositors:

• 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.
• 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.
• 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.
• 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 FD interest rates for senior citizens offered by YES Bank for different durations.

YES Bank Senior Citizen Fixed Deposit Interest Rates (Below ₹3 Crore)

*Yes Bank senior citizen FD rates w.e.f. Aug 30, 2025

YES Bank Senior Citizen FD Rates ₹3 Cr to less than ₹3.10 Cr (Premature Withdrawal Allowed)

*Yes Bank senior citizen FD rates w.e.f. Aug 30, 2025

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.

1. 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 the 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.

2. 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. You can claim a deduction of up to ₹50,000 on the interest earned from all your deposits, including savings accounts, FDs, and Recurring Deposits.

Even if your interest income exceeds ₹50,000, you can still submit Form 15H if your total income (including the FD interest) is below the tax-free limit. This way, you get the full interest amount without having to wait for a tax refund.

Key Takeaways

Yes Bank FD rates for Senior Citizens rates from 3.75% to 7.75% per annum, which is 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 with a sweep-in/sweep-out facility.