Yes Bank NRI Fixed Deposit Rates

Yes Bank offers a plethora of schemes to their customers residing in India and NRIs (No-Resident Indians). NRIs can easily invest their money in India through various investment options, from low to high-risk involvement. Yes Bank NRI Interest Rate Fixed Deposits, also known as Term Deposits, are one of the safe and secure investment options available for NRIs that help earn decent returns and tax exemption benefits in some cases.

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Yes Bank offers the following Yes Bank NRI FD Rates Schemes for their customers:

Yes Bank NRE FD Rates Scheme
Yes Bank NRO FD Rates Scheme
Yes Bank FCNR Rates Scheme

It is essential to know that Yes Bank NRE FD Rates do not apply to NRI senior citizens and are exclusive only to Senior Citizens residing in India. Also, the minimum tenure for the NRE deposit interest rates is 1 year. Rates for FD range from xx% to yy% depeding on the tenure and the investment amount.

Difference Between NRE, NRO, and FCNR (B) Accounts

It is essential to know the difference between the 3 NRI FD account types before depositing the money:

Particulars	NRE Account	NRO Account	FCNR-B Account
Account Purpose	Income earned in a foreign country is deposited in an ICICI NRE Interest Rate account.	Income earned in India by NRIs is deposited in an ICICI NRO Interest Rate account.	Income earned in foreign currency is deposited in ICICI FCNR (B) Deposit account.
Account Type	Savings, Recurring, or Current Account	Savings, Recurring, or Current Account	Fixed Deposit accounts with a 1-year minimum tenure
Currency denomination	Indian Rupee	Indian Rupee	AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD
Joint holding facility	It can be held with other NRI.	It can be held with other Indian residents or NRI.	It can be held with other NRI.
Repatriation Facility	Balance is fully repatriable.	Interest earned is fully repatriated.	Interest earned, and the principal amount is fully repatriable.
Taxability	Tax is exempted from the interest income.	Interest income is taxable.	Tax is exempted from the interest income.

Yes Bank NRE FD Rates for Less Than Rs. 2 Crores

Tenure	General Citizens
1 year to less than 18 months	7.25%
18 months to less than 24 months	7.50%
24 months to 10 years	7.25%

Rates are effective as of 3rd October 2022.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.

Yes Bank NRO FD Rates for Less Than Rs. 2 Crores

Tenure	General Citizens
7 to 14 days	3.25%
15 to 45 days	3.70%
46 to 90 days	4.10%
3 months to less than 6 months	4.75%
6 months to less than 9 months	5.50%
9 months to less than 1 Year	5.75%
1 Year to less than 18 months	6.25%
18 months to 10 years	6.75%

Rates are effective as of 10th August 2022.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.

Yes Bank FCNR Rates

Period	USD	GBP	EURO	JPY	CAD	AUD	HKD	SGD
1 year to less than 2 years	4.75%	5.00%	1.25%	0.25%	3.50%	3.50%	2.20%	3.05%
2 years to less than 3 years	5.15%	5.50%	1.70%	0.90%	3.75%	4.00%	1.35%	2.75%
3 years to less than 4 years	4.00%	4.00%	1.40%	0.95%	3.75%	4.10%	1.35%	1.25%
4 years to less than 5 years	3.65%	3.65%	1.40%	0.05%	3.75%	4.10%	1.35%	1.25%
5 years	5.05%	3.25%	1.40%	0.65%	3.60%	4.10%	1.35%	1.25%

Rates are effective as of 11th October 2022.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or product. The policyholder bears the investment risk in the investment portfolio.

In the End!

All the Yes Bank NRI Interest Rate accounts, that is, Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR), allow the NRIs to deposit their income money efficiently and hassle-free in India. These accounts are entirely safe for saving income and earning decent returns on the invested amount. The type of account should be chosen wisely that best suits the depositor’s needs.