Yes Bank NRI Fixed Deposit Rates

Yes Bank offers a plethora of schemes to their customers residing in India and NRIs (Non-Resident Indians). NRIs can easily invest their money in India through various investment options, from low to high-risk involvement.

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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. 

The minimum tenure for the NRE deposit interest rates is 1 year. Rates for FD range from 0.05% to 7.50% depending 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.

Start Small and Get Big Returns Start Small and Get Big Returns

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

Tenure General Citizens
1 year <15 months 7.25%
15 months <35 months 7.50%
35 months 1 day < 36 months 7.50%
36 months to <= 120 months 7.00%

Rates are effective as of 4th April 2024.

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%
91 days to 180 days 4.75%
181 days to 271 days 6.00%
272 days to <1 year 6.25%
1 year to <15 months  7.25%
15 months to <35 months  7.50%
35 months 1 day <36 months 7.50%
36 months to <=12 months 7.50%

Rates are effective as of 5th April 2024.

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

SIP with Life Cover and Tax Savings SIP with Life Cover and Tax Savings

Yes Bank FCNR Rates

Period USD GBP EURO JPY CAD AUD HKD SGD
1 year to less than 2 years 5.55% 4.50% 2.15% 0.05% 3.50% 4.30% 3.00% 3.95%
2 years to less than 3 years 5.30% 4.60% 2.70% 1.50% 3.75% 4.00% 3.00% 3.15%
3 years to less than 4 years 4.50% 4.00% 2.00% 1.25% 3.75% 4.10% 1.35% 3.60%
4 years to less than 5 years 4.30% 4.00% 2.00% 0.05% 3.75% 4.10% 1.35% 1.40%
5 years only 4.30% 4.00% 2.00% 1.10% 3.60% 4.10% 1.35% 1.40%

Rates are effective as of 5th April 2024.

investment plans for nrisinvestment plans for nris

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.


*Past 10 Year annualised returns as on 01-07-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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