Fixed Deposit Rate of Yes Bank

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 45 days 5.75% 6.25%
46 days to 90 days 6.95% 7.45%
3 months to 5 months 29 days 7.00% 7.50%
6 months to 8 months 29 days 7.00% 7.50%
9 months to 364 days 7.00% 7.50%
1 year to 10 years 7.10% 7.60%
18 months 8 days to 18 months 18 days 7.15% 7.65%

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Features & Significance of a Fixed Deposit Account

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

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.

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