YES Bank Senior Citizen RD Interest Rates

What is a YES Bank Senior Citizen RD?

YES Bank Senior Citizen Recurring Deposit (RD) offers account holders the ability to deposit monthly instalments for a chosen period. This scheme is for any person who is 60 years or older. YES Bank recurring deposit interest rates are higher for senior citizens across all tenures. The tenure starts from a minimum of 6 months and extends up to a maximum of 10 years, and may be selected in multiples of 3 months.

The scheme has a minimum deposit of ₹1000 per month for non-rural accounts and ₹100 for the rural accounts. Additional deposits can be made in multiples of ₹100 thereafter. If you want to know the expected return for a recurring deposit of various tenures and deposit amounts, you can use the RD calculator for accurate calculation.

YES Bank RD Rates for Senior Citizens

Below are the RD interest rates across various tenures, offering better returns with flexible investment options.

*YES Bank RD rates for senior citizens w.e.f. August 30th, 2025

Key Features of YES Bank Senior Citizens RD

The YES Bank senior citizen RD is designed to offer stable returns with these features:

• 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: In case of urgent need for funds, YES Bank loan against RD allows customers the option to borrow against their recurring deposit. This helps easily in meeting urgent financial needs without closing the deposit account.
• Flexible Investment Option: Customers can start investing with a minimum amount of ₹1,000. Under Flexigain RD, there is no fixed monthly instalment, allowing deposits as per convenience.
• Premature withdrawal: YES Bank RD premature withdrawal is permitted as per the bank's rules. In Flexigain RD, no charges apply for early withdrawal, giving extra flexibility to all customers.
• Missed Payment: In case of delayed or missed payment, a 1% penalty on the RD interest rate is imposed by the bank. In Flexigain RD, no charges apply for missed payments.

How To Open a YES Bank Senior Citizens RD

It is easy to open a YES Bank Senior Citizen RD both online and offline, whichever is convenient to you.

Online Method

You can access an RD at any convenient time through internet banking, following these steps:

• Log In: Log in to the YES Bank internet or mobile banking.
• Select RD Option: Click next to the deposits and select recurring deposit.
• Enter Details: Fill in the instalment amount and tenure.
• Link Account: Choose your YES Bank savings account or current account for auto-debit.
• Review & Submit: Verify details and confirm the request.
• Confirmation: Receive RD account creation confirmation.

Offline Method

You can easily open an RD account offline by following these steps:

• Branch Visits: Visit the closest bank’s branch.
• Fill Form: Fill in the RD application form.
• Submit Documents: Provide required KYC documents.
• Choose Details: Select the instalment amount and tenure.
• Deposit Initial Instalment: Pay the first monthly instalment.
• Set Instructions: Provide payment or standing instructions.
• Account Activation: The bank opens the RD account and issues confirmation details.

YES Bank Senior Citizens RD Eligibility Criteria

Many types of customers open an RD account with YES Bank. These are the criteria given by the bank to open an RD account:

• Age: The applicant should be 60 years old or older to receive the benefits of senior citizen RDs.
• Savings Account: To open an RD, the customer must have a YES Bank savings or current account from which the monthly instalments are debited.
• Resident Status: Senior citizens' interest rates are applicable only for resident individual deposits.
• KYC Documents: To open a YES Bank RD, one document verifying the customer's identity and one verifying the address are needed. Documents such as a passport, an Aadhar card, a PAN card, a Voter’s Identity Card, an electric bill, a salary slip, and recent passport photos.

Key Takeaways

YES Bank Senior Citizen RD offers stable returns with a preferential interest rate of up to 0.75%. The RD interest rates generally range from 6.50% to 7.75% per annum. Instalments can start at ₹1000 per month for the non-rural banking group and ₹100 for the rural banking group. You can either go for fixed monthly deposits or a variable one with Flexigain RD. This RD scheme is a simple and flexible savings option for senior citizens.