Yes Bank RD Interest Rates

What is Yes Bank Recurring Deposit?

A YES Bank Recurring Deposit is a savings option that allows a fixed amount to be deposited every month for a chosen period. The minimum deposit often begins at ₹1,000 per month, with additional deposits made in fixed multiples as set by the bank. The interest rates for the RDs are determined by the selected tenure and remain fixed upon account opening.

The RD scheme encourages regular saving over time. Each monthly instalment earns interest from the date of deposit until maturity, so earlier payments earn more compared to later ones. An RD calculator can also be used to estimate expected returns.

If all instalments are paid on time, interest is compounded periodically as per bank rules. In case of missed instalments, interest is calculated on the available balance accordingly.

Yes Bank RD Interest Rates

The table below shows the revised YES Bank Recurring Deposit interest rates valid across different tenure options:

*YES Bank RD Interest Rates w.e.f. August 30, 2025

Note: Senior citizens are eligible for higher interest rates on recurring deposits as per bank guidelines. Interest rates are subject to change at the bank's discretion.

Types of Yes Bank Recurring Deposit

YES Bank provides various recurring deposit schemes to help with regular savings with fixed or flexible contribution options. These schemes vary based on deposit structure, flexibility, and features.

1. Regular Recurring Deposit

   YES Bank Regular Recurring Deposit is a simple savings option created for those who can deposit a fixed amount every month. The minimum monthly instalment starts at ₹1,000, and deposits can be made in fixed amounts for the chosen tenure. The tenure ranges from 6 months to 10 years, in multiples of 3 months.

   Interest rates stay close to fixed deposits and remain unchanged throughout the term. Facilities such as standing instructions, nomination, and premature withdrawal with applicable charges are available. A penalty of 1% is charged for missed instalments as per bank rules.

2. Flexigain Recurring Deposit

   The YES Bank Flexigain Recurring Deposit offers more flexibility than the regular RD. The minimum booking amount is ₹1,000, and the maximum is ₹5,00,000. This plan is flexible on contribution, in contrast to a regular recurring deposit based on the terms set by the bank.

   Customers can top up with ₹100, up to triple the original deposit within a month. The tenure period is 6 months to 10 years in multiples of 3 months. It is suitable for customers with variable income because it offers returns that are both convenient and predictable.

Key Features of Yes Bank Recurring Deposit

A YES Bank Recurring Deposit has several features that can be used to facilitate easy and convenient savings. Some of these include:

• Standing Instruction Facility: YES Bank includes a standing instruction facility for RD accounts. This allows the monthly instalment to be automatically debited from the linked account, ensuring timely payments without delay.
• Loan Against RD: YES Bank loan against RD facility allows a customer to take a loan against their recurring deposit. It helps in satisfying urgent financial requirements without closing the deposit.
• Flexible Investment Option: The customer can invest a minimum of ₹1,000. In Flexigain RD, the instalment is not fixed every month, and deposits can be made at your convenience.
• Interest Benefit Similar to Fixed Deposit: The RD has interest rates similar to fixed deposits. This helps with earning steady returns by contributing small amounts regularly instead of making a one time lump sum.
• Additional Interest for Senior Citizens: Senior citizens can receive up to 0.75% extra interest. These benefits apply only to resident customer deposits as per bank guidelines in India.
• Premature withdrawal: YES Bank RD Premature withdrawal is permitted as per bank's rules. In Flexigain RD, no charges apply for early withdrawal, giving extra flexibility to all customers.

How to Open a Yes Bank RD

YES Bank Recurring Deposit can be opened using online banking or by visiting a bank branch. The process is easy and needs basic account details and documents.

Online Method

YES Bank RD can be opened through net banking without visiting the branch. The main steps are as follows:

• Log in to Net Banking: Enter YES Bank net banking with your login details via the official website.
• Select Recurring Deposit Option: Go to the deposits section and choose the option to open a recurring deposit.
• Enter Deposit Details: Share details such as monthly instalment amount, tenure, and type of RD (regular or Flexigain).
• Choose Linked Account: Select the YES Bank savings account or current account from which the instalments will be deducted.
• Review and Confirm: Check all the entered details and accept the terms and conditions before submission.
• Receive Confirmation: After submission, the RD account is opened and confirmation is given.

Offline Method

YES Bank RD can also be opened by visiting the nearest branch. The steps are as follows:

• Visit the Nearest Branch: Go to the nearest YES Bank branch and request the RD application form.
• Fill the Application Form: Record personal details, deposit amount, and tenure.
• Submit Required Documents: Provide identity proof, address proof, and photographs if required.
• Choose Payment Mode: Choose standing instructions or manual deposit option for instalments.
• Pay First Instalment: Place the first instalment amount at the branch.
• Account Confirmation: The bank opens the RD account and provides the account details.

Eligibility Criteria for Yes Bank RD

YES Bank sets certain eligibility conditions for opening a recurring deposit account. The key criteria are given below:

• Eligible Applicants: Recurring Deposit accounts may be opened by resident customers, either singly or jointly. It is also available for minors under the care of a parent or legal guardian, as per bank guidelines.
• Age Requirement: There is no strict minimum age restriction. Minors may open an RD account when it is operated by a guardian.
• KYC Documentation: Customers must complete KYC formalities by providing valid identity proof, address proof, and recent photographs, as required by the bank at the time of account opening.
• Existing Bank Account: The applicant should have an active savings or current account at YES Bank. This is an account where monthly instalments are debited (by standing instructions).
• Resident Status: According to the bank's rules, senior citizen benefits can only be offered to resident individual deposit accounts.

Key Takeaways

YES Bank Recurring Deposit offers an option to save with an RD interest rate of 6.00% to 7.75% per annum. The senior citizens get up to 0.75% higher returns. The minimum monthly deposit is ₹1,000, and the tenure range is between 6 months and 10 years. Flexigain option, top-up facility and loan against deposit are some of the features that make it suitable for stable and flexible savings.