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 one of the services provided by them. The Bank offers facilities for 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 its 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When you deposit in a fixed deposit, the most important point you should remember is that the sum invested will not be withdrawn until the period of maturity.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.

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Rates Associated with FD Types

Below are the rates associated with the types of FD:

  1. Non-Resident Ordinary (NRO) Fixed Deposit

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

    Rates with effect from 1st January 2022:

    Term Rate of Interest 
    7 to 14 Days 3.25%
    15 to 45 Days 3.50%
    46 to 90 Days 4.00%
    91 to 180 Days 4.50%
    181 to 271 Days 4.75%
    272 Days to < One Year 5.00%
    One Year to < 18 Months 5.75%
    18 Months to < 3 Years 6.00%
    3 Years to < 5 Years 6.25%
    5 Years to <= 10 Years 6.25%

    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    • When the amount deposited is withdrawn before the completion of 12 months, then no penalty will be charged.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. 

  2. Non-Resident External (NRE) Fixed Deposit

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

    Term Rate of Interest 
    1 years < 18 months 5.75%
    18 months to < 3years 6.00%
    3 years < 5 years 6.25%
    5 Years <= 10 years 6.50%

    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    • When the amount deposited is withdrawn before the completion of 12 months, and then no penalty will be charged.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. 

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  3. FCNR Fixed Deposit

    The Yes Bank NRE Fixed Deposit rates are:

    FCNR (B) Deposit Interest Rates p.a.

    Rates with effect from 1st January 2022:

    Tenure HKD SGD AUD CAD JPY EURO GBP USD
    1 year to less than 2 years 1.10% 1.30% 1.25% 1.55% 1.35% 0.10% 1.50% 1.35%
    2 years to less than 3 years 1.10% 1.40% 1.70% 1.90% 0.50% 0.35% 1.55% 1.65%
    3 years to less than 4 years 1.10% 1.40% 1.25% 1.90% 1.40% 0.35% 1.40% 1.75%
    4 years to less than 5 years 1.05% 1.45% 1.45% 2.00% 0.40% 0.35% 1.50% 1.75%
    5 years 1.20% 1.50% 1.50% 2.05% 1.15% 0.35% 1.50% 1.80%

    *The FCNR FD rates are subject to change. Please refer Bank's website for the latest rates.

    Premature Withdrawal

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

  4. RFC Fixed Deposit

    The Yes Bank NRI FD rates for RFC deposits are:

    RFC Deposit Interest Rates p.a.

    Term USD GBP EURO JPY CAD AUD
    >= 12 months < 15 months 1.10% 1.70% 0.50% 0.20% 1.40% 1.15%
    15 months 1.10% 1.70% 0.60% 0.40% 1.40% 1.15%
    >15 months to < 24 months 1.55% 1.70% 0.85% 1.75% 1.40% 1.15%
    >= 24 months < 36 months 1.50% 1.35% 0.75% 0.50% 1.75% 1.15%
    36 months 1.50% 1.35% 0.40% 1.60% 1.90% 1.25%

    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. 

Investment Plans for NRIsInvestment Plans for NRIs

About Yes Bank NRE Fixed Deposit Interest Rate Calculator

Yes Bank NRE Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

  • The amount that is invested

  • The Rate of Interest offered

  • The tenure of the Fixed Deposit Account

  • The compounding period, that is, yearly, half-yearly, quarterly, or monthly

  • The FD Amount

Once entered the following details, an investor will come to know:

  • The maturity value of the FD

  • The total interest earned during the complete tenure

Investment Plans for NRIsInvestment Plans for NRIs

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:

  1. 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. 

    SIP Investment for NRIsSIP Investment for NRIs
  2. 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.

    Investment Plans for NRIsInvestment Plans for NRIs
  3. 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 a 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 5 years.

    • 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.

  4. 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.

Conclusion

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

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