Yes Bank NRE FD Rates

Yes Bank Ltd provides a vast range of banking services and financial support to its customers and is recognized as one of the fastest-growing private banking sectors in India. Fixed deposits are 1 of the services provided by them. The Bank offers facilities for the Non-Residential Indians to invest in their fixed deposit accounts. The NRI depositor in a fixed deposit of Yes Bank should have an NRO or an NRE account with Yes bank.

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What is an FD?

An FD is a savings instrument provided by any banking or non-commercial finance institution to their customers. In a fixed deposit, you can invest an amount for a period depending on the terms where you can earn an interest amount. When weighed up with the savings account, the fixed deposit will return high rates.

When you deposit in a fixed deposit, the most important point you should remember is that the sum invested will not be withdrawn until the period of maturity. You can have options to withdraw the amount for emergency purposes, and the penalties will be charged accordingly by the Bank. Below we discuss the Yes Bank NRE Fixed Deposit rates.

Types of NRI FDs

The Yes Bank provides an opportunity for the NRIs to invest in the fixed deposit. There are some types of FDs or fixed deposit accounts related to the Bank, and the list of kinds of FD with the Yes Bank NRE FD rates are given below:

Non-Resident Ordinary (NRO) Fixed Deposit

  • You can open your Non-Resident Ordinary Fixed Deposit account with the minimum amount of INR 10,000.
  • According to the Yes Bank NRI FD rates, the period for investment starts from seven days. 
  • You can also make a reinvestment within six months from the date of the original investment. 
  • The Yes Bank provides an internet banking facility for their customers to be benefited. 

Non-Resident External (NRE) Fixed Deposit

  • You can open your Non-Resident Ordinary Fixed Deposit account with the minimum amount of INR 10,000.
  • According to the Yes Bank NRE FD rates, the period for investment starts from 1 year. 
  • The Yes Bank provides an internet banking facility for their customers to be benefited. 
  • You can also withdraw the deposit amount before the maturity period.
  • The deposit amount can be automatically renewed, considering the terms.

FCNR Fixed Deposit

  • The Yes Bank NRE FD rates provide you with an option to open an FCNR deposit with eight currencies.
  • The FCNR deposit can be opened with the minimum amount of 1000 units concerning the concerning currencies. 
  • According to the Yes Bank NRI FD rates, the period of 10ure ranges from 1 year to 5years.
  • The Bank also provides automatic renewal of deposits depending on your needs.
  • You are also given a choice for withdrawal of the deposit amount, including the penalty amount.
  • The interest will be compounded half-yearly in the FCNR deposit account.

RFC Fixed Deposit

  • The Yes Bank NRE Fixed Deposit rates provide you with an option to open an RFC deposit with six currencies.
  • It provides flexibility in transforming the deposits from foreign currency into Indian rupees.  
  • The balance from an RFC account can be transferred to an NRE or FCNR deposit account.

Rates Associated with FD Types

Below are the rates associated with the types of FD:

Non-Resident Ordinary (NRO) Fixed Deposit

The Yes Bank NRI FD rates for less than 2 Crore are:

  • 1-2 years – 6.25%
  • 2-3 years – 6.50%
  • 3-10 years – 6.75%

Premature Withdrawal:

  • When the amount deposited is withdrawn before the completion of 12 months, then no penalty will be charged.
  • If the period is exceeded then the penalty amount is subjected to the concern of the bank. 

Non-Resident External (NRE) Fixed Deposit

The Yes Bank NRE FD rates for less than 2 Crore are:

  • 7- 14 days – 3.50%
  • 15 - 45 days – 4.00%
  • 46 - 90 days – 4.50%
  • 91 -180 days – 5.00%
  • 181 - 271 days – 5.50%
  • 272 days to below 1 year – 5.75%
  • 1 year to below 2 years – 6.25%
  • 2 years to below 3 years – 6.50%
  • 3 years to 10 years – 6.75%

Premature Withdrawal:

  • When the amount deposited is withdrawn before the completion of 12 months, and then no penalty will be charged.
  • If the period is exceeded then the penalty amount is subjected to the concern of the bank. 

FCNR Fixed Deposit

The Yes Bank NRE Fixed Deposit rates for USD are:

  • 1 year to below 15 months – 1.40%
  • For 15 months – 1.60%
  • 15 months to below 2 years – 1.50%
  • 2 years to below 3 years – 1.70%
  • 3 years to below 4 years – 1.75%
  • 4 years to below 5 years – 1.75%
  • For 5 years – 1.80%

The Yes Bank NRI FD rates for GBP are:

  • 1 year to below 15 months – 1.05%
  • For 15 months – 1.05%
  • 15 months to below 2 years – 1.05%
  • 2 years to below 3 years – 1.40%
  • 3 years to below 4 years – 1.25%
  • 4 years to below 5 years – 1.45%
  • For 5 years – 1.20%

The Yes Bank NRE FD rates for EURO are:

  • 1 year to below 15 months – 0.60%
  • For 15 months – 0.60%
  • 15 months to below 2 years – 0.60%
  • 2 years to below 3 years – 0.60%
  • 3 years to below 4 years – 0.40%
  • 4 years to below 5 years – 0.40%
  • For 5 years – 0.40%

The Yes Bank NRE Fixed Deposit rates for JPY are:

  • 1 year to below 15 months – 1.00%
  • For 15 months – 1.50%
  • 15 months to below 2 years – 1.00%
  • 2 years to below 3 years – 1.20%
  • 3 years to below 4 years – 1.90%
  • 4 years to below 5 years – 1.10%
  • For 5 years – 1.60%

The Yes Bank NRI FD rates for CAD are:

  • 1 year to below 15 months – 1.25%
  • For 15 months – 1.55%
  • 15 months to below 2 years – 1.55%
  • 2 years to a minimum of 3 years – 1.75%
  • 3 years to a minimum of 4 years – 1.80%
  • 4 years to a minimum of 5 years – 1.85%
  • For 5 years – 1.85%

The Yes Bank NRE FD rates for AUD are:

  • 1 year to below 15 months – 1.05%
  • For 15 months – 1.15%
  • 15 months to below 2 years – 1.15%
  • 2 years below 3 years – 1.30%
  • 3 years below 4 years – 1.35%
  • 4 years below 5 years – 1.50%
  • For 5 years – 1.50%

The Yes Bank NRE Fixed Deposit rates for SGD are:

  • 1 year below 15 months – 1.40%
  • For 15 months – 1.40%
  • 15 months to below 2 years – 1.40%
  • 2 years to below 3 years – 1.65%
  • 3 years to below 4 years – 1.60%
  • 4 years to below 5 years – 1.60%
  • For 5 years – 1.60%

The Yes Bank NRE FD rates for HKD are:

  • 1 year to below 15 months – 1.20%
  • For 15 months – 1.25%
  • 15 months to below 2 years – 1.25%
  • 2 years to below 3 years – 1.30%
  • 3 years to below 4 years – 1.40%
  • 4 years to below 5 years – 1.70%
  • For 5 years – 1.70%

Premature Withdrawal

  • There is no need to pay any amount when the money deposited is withdrawn before the completion of the maturity period.

RFC Fixed Deposit

The Yes Bank NRI FD rates for USD are:

  • 1 year to below 15 months – 1.40%
  • For 15 months – 1.60%
  • 16 months to below 2 years – 1.50%
  • 2 years to below 3 years – 1.70%
  • For 3 years – 1.75%

The Yes Bank NRE Fixed Deposit rates for GBP are:

  • 1 year to below 15 months – 1.05%
  • For 15 months – 1.05%
  • 16 months to below 2 years – 1.05%
  • 2 years to below 3 years – 1.40%
  • For 3 years – 1.25%

The Yes Bank NRI FD rates for EURO are:

  • 1 year to below 15 months – 0.60%
  • For 15 months – 0.60%
  • 16 months to below 2 years – 0.60%
  • 2 years to below 3 years – 0.60%
  • For 3 years – 0.40%

The Yes Bank NRE FD rates for JPY are:

  • 1 year to below 15 months – 1.00%
  • For 15 months – 1.50%
  • 16 months to below 2 years – 1.00%
  • 2 years to below 3 years – 1.20%
  • For 3 years – 1.90%

The Yes Bank NRE Fixed Deposit rates for CAD are:

  • 1 year to below 15 months – 1.25%
  • For 15 months – 1.55%
  • 16 months to below 2 years – 1.55%
  • 2 years to below 3 years – 1.75%
  • For 3 years – 1.80%

The Yes Bank NRI FD rates for AUD are:

  • 1 year to below 15 months – 1.05%
  • For 15 months – 1.15%
  • 16 months to below 2 years – 1.15%
  • 2 years to below 3 years – 1.30%
  • For 3 years – 1.35%

Pre-mature withdrawal:

  • When you are associated with an RFC account fixed deposit there will not be any for you to pay a penalty amount for pre-mature withdrawal. 

Conclusion

The Yes Bank provides an opportunity for the Non-Residential Indians to do financing in the fixed deposits in India. The Yes Bank NRE FD rates are fixed by the Bank, and they can vary from regular intervals.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

“Tax benefit is subject to changes in tax laws”

Written By: PolicyBazaar - Updated: 19 July 2021
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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