Yes Bank Fixed Deposit 

The type of bank account that offers a fixed tenure for your investment while paying you interest at regular intervals is called as a fixed deposit account. The investment will be returned by the bank only after the tenure ends. The interest rate varies depending on the bank.

The Aspects of a Fixed Deposit Account

Be it a Yes Bank Fixed deposit account or a term deposit account in any bank in India, the basic rules that define the account are the same.

  • The money can be deposited just once.
  • Yes Bank FD interest rate or interest rate in any bank varies depending on the tenure of the deposit, the bank, and the principle amount.
  • At the end of the term, the tenure of the account can be renewed

Yes Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 45 days 5.00% 5.50%
46 days to 90 days 6.00% 6.50%
3 months to 5 months 29 days 6.00% 6.50%
6 months to 8 months 29 days 6.75% 7.25%
9 months to 364 days 6.75% 7.25%
18 months 8 days to 18 months 18 days 7.25% 7.75%
1 year to 10 years 7.00% 7.50%
2 years to 3 years 7.25% 7.75%

Significance of a Fixed Deposit Account

  • Whether a Yes Bank Fixed Deposit scheme or a fixed deposit in any bank, it is the best risk management tool, especially if the customer is looking for a long-term financial tool
  • A Fixed Deposit in Yes Bank or any bank in India is a safe bet for liabilities. In the case of uncertainties, a loan can be availed against the term deposit.
  • The competitive Yes Bank FD interest rates or FD rates of any bank in India help the customer maintain an extra income

From protecting the depositor’s fund to boosting the economy of the country, a fixed deposit account has several benefits.

Yes Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Less than Rs. 1cr (last revised on Mar 18, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 45 days Less than Rs. 1cr 5.75 6.25
46 days to 90 days Less than Rs. 1cr 6.95 7.45
3 months to less than 6 months Less than Rs. 1cr 7 7.5
6 months to less than 9 months Less than Rs. 1cr 7 7.5
9 months to less than 1 year Less than Rs. 1cr 7 7.5
1 Year to 10 years Less than Rs. 1cr 7.1 7.6
18 Months 8 Days to 18 Months 18 Days Less than Rs. 1cr 7.15 7.65
36 Months 10 Days to 36 Months 20 Days Less than Rs. 1cr 7.2 7.7

 

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
Tax Saver Deposits - 5 years Upto Rs. 1 lakh 7.1 7.6

 

Tax Implications

  1. The amount invested in Fixed Deposit with a tenure of 5 years with Yes Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  2. The applicable tax will be deducted at source, i.e. Yes Bank, in case the annual interest earned crosses Rs. 10,000.

For NRO Fixed Deposit - Less than Rs. 1cr (last revised on Mar 18, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 45 days Less than Rs. 1cr 5.75
46 days to 90 days Less than Rs. 1cr 6.95
3 months to less than 6 months Less than Rs. 1cr 7
6 months to less than 9 months Less than Rs. 1cr 7
9 months to less than 1 year Less than Rs. 1cr 7
1 Year to 10 years Less than Rs. 1cr 7.1
18 Months 8 Days to 18 Months 18 Days Less than Rs. 1cr 7.15
36 Months 10 Days to 36 Months 20 Days Less than Rs. 1cr 7.2

 

For NRE Fixed Deposit - Less than Rs. 1cr (last revised on Mar 18, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 Year to 10 years Less than Rs. 1cr 7.1
18 Months 8 Days to 18 Months 18 Days Less than Rs. 1cr 7.15
36 Months 10 Days to 36 Months 20 Days Less than Rs. 1cr 7.2
Written By: PolicyBazaar - Updated: 31 July 2020
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