Yes Bank FD Rates

The type of bank account that offers a fixed tenure for your investment while paying your interest at regular intervals is called 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.

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%

Yes Bank FD Rates Today

Investment Amount Minimum - Rs. 10,000  Maximum- Rs. 10, 00,000
Tenure Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 5.00 %Maximum- 7.25%

The Aspects of Yes Bank 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 rates or interest rates in any bank varies depending on the tenure of the deposit, the bank, and the principal amount.
  • At the end of the term, the tenure of the account can be renewed

Significance of Yes Bank 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 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.

Types of Yes Bank FD Schemes

The types of Fixed Deposit Schemes offered by Yes Bank are:

Resident Fixed Deposit:

The features of this scheme are:

  • The tenure of FD under this scheme ranges from seven days to 10 years.
  • Auto-renewal facility of offered.
  • An overdraft or loan facility against FD is provided.
  • The facility of inter-city banking is offered.

Eligibility:

Any resident individual, Hindu Undivided Families, partnership firms, companies, sole proprietorship, associations, trusts, societies, and clubs are eligible.

Tax Saver FD:

The features of this FD scheme are:

  • Tax saver fixed deposits of Yes Bank have a lock-in period of five years.
  • Offers the facility of a joint account.
  • The depositors can avail of the benefit of tax exemption u/s 80C of the IT Act.
  • A loan against FD is not offered.
  • The facility of premature withdrawal is provided.

Eligibility:

Any Hindu Undivided Family, resident individual, partnership firm, company, family trusts, sole proprietorship, clubs, societies, and associations are eligible.

Yes Bank Senior Citizen Fixed Deposit Scheme:

The features of this scheme are:

  • Yes Bank offers an extra of 0.50% rate of interest to the senior citizens over the regular Yes Bank FD rates of fixed deposits.
  • The facility of a joint account is provided wherein the first account holder has to be a senior citizen.
  • The Yes Bank FD rates for senior citizens range from 5.50% to 7.75%.

Eligibility:

Indian residents who are of 60 years and above.

Yes Bank Fixed Deposit Rates

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

For Domestic Deposits – Rs.2 Crore < 5 Crore

Maturity Period

With Pre-mature Withdrawal Facility

Without Pre-mature Withdrawal Facility

Senior Citizens

Interest Rate (%) for Deposits 2 Cr to < 5 Cr

Interest Rate (%) for Deposits 2 Cr to < 5 Cr

Interest Rate (%) for Deposits 2 Cr to < 5 Cr

7 days to 14 days

4.00%

4.00%

4.00%

15 days to 30 days

5.00%

5.00%

5.00%

31 days to 45 days

5.00%

5.00%

5.00%

46 days to 60 days

5.50%

5.50%

5.50%

61 days to 90 days

5.50%

5.50%

5.50%

91 days to 120 days

6.00%

6.00%

6.00%

121 days to 180 days

6.00%

6.00%

6.00%

181 days to 270 days

6.50%

6.50%

6.75%

271 days to less than one year

6.50%

6.50%

6.75%

One year

7.00%

7.00%

7.45%

12 months 1 day to less than 18 months

7.00%

7.00%

7.45%

18 months to less than 2 years

7.00%

7.00%

7.25%

2 years to less than 3 years

7.00%

7.00%

7.25%

3 years to less than 5 years

6.75%

6.75%

7.00%

5 years and above

6.75%

6.75%

7.00%

Note: The aforementioned Yes Bank FD rates are subject to change as per the decision of the Bank. These are revised interest rates W.E.F. 01st September 2020.

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

General

Senior Citizen

Tax Saver Deposits - 5 years

Up to Rs. 1 lakh

6.75%

7.25%

Tax Implications

  • 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.
  • 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. 2 Cr (last revised on August 18, 2020)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 45 days

Less than Rs. 2cr

5.00

46 days to 90 days

Less than Rs. 2cr

5.50

91 days to 180 days

Less than Rs. 2cr

6.00

181 days to 271 days

Less than Rs. 2cr

6.50

272 days to less than one year

Less than Rs. 2cr

6.61%

3 years to < = 10 years

Less than Rs. 2cr

6.75

Special Rates

One year < 2 years

Less than Rs. 2cr

7.00

2 years to < 3 years

Less than Rs. 2cr

7.00

Note: The aforementioned Yes Bank FD rates are subject to change from time to time as per the decision of the Bank and. These rates are for deposits less than Rs.2 Crore and are applicable W.E.F. 18. August.2020.

For NRE Fixed Deposit - Less than Rs. 2cr (last revised on August 18, 2020)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

12 Months

Less than Rs. 2cr

7.00

15 Months

Less than Rs. 2cr

7.00

18 Months

Less than Rs. 2cr

7.00

21 Months

Less than Rs. 2cr

7.00

24 Months

Less than Rs. 2cr

7.00

27 Months

Less than Rs. 2cr

7.00

30 Months

Less than Rs. 2cr

7.00

33 Months

Less than Rs. 2cr

7.00

3 Years and More Up to 10 Years

Less than Rs. 2cr

6.75

Note: The aforementioned Yes Bank FD rates are subject to change from time to time as per the decision of the Bank and. These rates are for deposits less than Rs.2 Crore and are applicable W.E.F. 18. August.2020.

Loan Against Fixed Deposit of Yes Bank

Yes Bank offers loans against fixed deposits. You can get a loan up to 90% of the amount of its fixed deposit. The bank does not offer you a loan against the FD of any other bank. The rate of interest that is offered against FD of Yes Bank is 6% to 8%. The maximum tenure of the loan is restricted to the FD tenure.

Term-Wise Yes Bank FD Interest Rates

Fixed Deposits are considered one of the best ways for investing your surplus money. As per the tenure, the Yes Bank Fixed Deposit interest rates are further categorized into long-term, medium-term, and short-term deposits.

  • Long-Term Deposits: The tenure of these fixed deposits range from five years to 10 years and the Yes Bank FD rates offered are 7.25%.
  • Medium-Term Deposits: The tenure of medium-term fixed deposits range from one year to less than five years. The Yes Bank FD rates for such deposits is 7.25%.
  • Short-Term Deposits: The tenure of Yes Bank short-term fixed deposits range from seven days to 12 months. The Yes Bank FD rates range from 5.00% per annum to 6.75% per annum. The reason for calling them short-term fixed deposits is their tenure which is less than one year.

Note: The aforementioned rates of interest are subject to change from time to time as per the decision of the Bank and. These rates are for deposits less than Rs.2 Crore and are applicable W.E.F. 18. August.2020.

Written By: PolicyBazaar - Updated: 08 October 2020
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