Yes Bank of India provides various fixed deposit schemes for both regular and senior citizens to safeguard and grow their extra funds for a specific duration. The wide range of Yes Bank FD interest rates varies from 3.25% to 7.25% p.a. for the general public and from 3.75% to 8.25% p.a. for senior citizens, covering periods from 7 days to 10 years. A fixed deposit is an ideal investment choice for individuals looking to protect a specific amount of money for the future.
Yes Bank Domestic FD Rates Below 2 Crores
The Yes Bank fixed deposit rates for different tenures on deposits under Rs. 2 crores are illustrated in the table below along with the annualized yield. It's important to remember that these FDs allow early withdrawal.
| Period | Interest Rates (%p.a.) for General Citizens |
Annualised Yield for General Citizens |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.25% |
| 15 days to 45 days | 3.70% | 3.70% |
| 46 days to 90 days | 4.10% | 4.10% |
| 91 days to 120 days | 4.75% | 4.75% |
| 121 days to 180 days | 5.00% | 5.00% |
| 181 days to 271 days | 6.10% | 6.24% |
| 272 days to < 1 year | 6.35% | 6.50% |
| 1 year | 7.25% | 7.45% |
| 1 year 1 day to < 18 months | 7.50% | 7.71% |
| 18 months to< 24 months | 7.75% | 7.98% |
| 24 months to < 36 months | 7.25% | 7.45% |
| 36 months to < 60 months | 7.25% | 7.45% |
| 60 months | 7.25% | 7.45% |
| 60 months 1 day to <= 120 months | 7.00% | 7.19% |
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*Note: Interest rates are subject to change. Please visit the official Yes Bank website for the most recent updates.*Annualized yields published, compounded quarterly
Yes Bank Senior Citizen FD Rates Below 2 Crore
Senior citizens enjoy a higher interest rate of Yes Bank FD than the general public. The below table demonstrates the Yes bank FD rates for senior citizens and the annualised yield.
| Period | Interest Rates (%p.a.) for Senior Citizens | Annualised Yield for Senior Citizens |
|---|---|---|
| 7 days to 14 days | 3.75% | 3.75% |
| 15 days to 45 days | 4.20% | 4.20% |
| 46 days to 90 days | 4.60% | 4.60% |
| 91 days to 120 days | 5.25% | 5.25% |
| 121 days to 180 days | 5.50% | 5.50% |
| 181 days to 271 days | 6.60% | 6.77% |
| 272 days to < 1 year | 6.85% | 7.03% |
| 1 Year | 7.75% | 7.98% |
| 1 year 1 day to < 18 months | 8.00% | 8.24% |
| 18 months to< 24 months | 8.25% | 8.51% |
| 24 months to < 36 months | 7.75% | 7.98% |
| 36 months to < 60 months | 8.00% | 8.24% |
| 60 months | 8.00% | 8.24% |
| 60 months 1 day to <= 120 months | 7.75% | 7.98% |
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*Note: Interest rates are subject to change. Please visit the official Yes Bank website for the most recent updates.*Annualized yields published, compounded quarterly
*Senior Citizen rates are applicable only for Domestic Deposits.
Interest Rates For Bulk Deposit For 2 Crores & Above (Non-Callable)
Yes Bank Bulk FD rates from 2 crores to less than 5 crores are displayed in the table below. Premature withdrawal or closure is prohibited, as these rates are exclusively applicable to non-callable deposits.
| Period | 2 Cr to < 2.20 Cr | 2.20 Cr to < 2.25 Cr | 2.25 Cr to < 5 Cr |
|---|---|---|---|
| 7 days to 14 days | 5.25% | 5.00% | 5.30% |
| 15 days to 30 days | 5.30% | 5.25% | 5.30% |
| 31 days to 45 days | 5.55% | 5.30% | 5.65% |
| 46 days to 60 days | 6.00% | 5.60% | 5.90% |
| 61 days to 90 days | 6.55% | 6.00% | 6.35% |
| 91 days to 120 days | 7.10% | 6.25% | 7.10% |
| 121 days to 150 days | 7.15% | 6.40% | 7.10% |
| 151days to 180 days | 7.20% | 6.40% | 7.10% |
| 181 days to 270 days | 7.25% | 6.50% | 7.25% |
| 271 days to <1 year | 7.30% | 6.60% | 7.45% |
| 12M (1 Year) | 7.50% | 6.75% | 7.80% |
| 12 M 1 D to 12M 20D | 7.50% | 6.75% | 7.80% |
| 12M 21 D to <15M | 7.50% | 6.75% | 7.80% |
| 15M | 7.50% | 6.75% | 7.80% |
| 15M 1D to < 18M | 7.50% | 6.75% | 7.80% |
| 18 M to < 20 M | 7.50% | 6.75% | 7.80% |
| 20 M to 22 M | |||
| 22 M 1 D to < 2 YR | 7.50% | 6.75% | 7.90% |
| 2 YR to less than 3 YR | 7.40% | 6.80% | 7.65% |
| 3 YR to less than 5 YR | 7.25% | 6.80% | 7.40% |
| 5 Years & Above | 7.25% | 6.80% | 7.40% |
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Yes Bank Tax Saver FD
Below is a table showing the Yes Bank Tax Saver FD interest rate:
| Tenure | Interest Rate (% p.a.) |
|---|---|
| 5 years | 7.25 |
Yes Bank NRE Deposit Rates
The Yes Bank NRE deposit Rates for below ₹2 Crore (effective 21st November 2023) are shown in the table below along with the annualised yield.
| Period | Interest Rates (%p.a.) | Annualised Yield |
|---|---|---|
| 1 year | 7.25% | 7.45% |
| 1 year 1 day to < 18 months | 7.50% | 7.71% |
| 18 Months to < 24 months | 7.75% | 7.98% |
| 24 Months to < 36 months | 7.25% | 7.45% |
| 36 Months to < 60 months | 7.25% | 7.45% |
| 60 Month | 7.25% | 7.45% |
| 60 Months 1 day to <= 120 months | 7.00% | 7.19% |
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* The interest rates are subject to change. Please refer to Union Bank's official website for the latest information.Yes Bank FNCR Deposit Interest Rates
The interest rates and terms for the Yes Bank FNCR deposits are displayed in the table below.
| FD Tenure | USD (<1M) | GBP | EURO | JPY | CAD | AUD | HKD | SGD |
|---|---|---|---|---|---|---|---|---|
| 1 year to less than 2 years | 6.00 | 5.65 | 4.10 | 1.65 | 4.60 | 4.75 | 3.00 | 4.05 |
| 2 years to less than 3 years | 5.15 | 5.00 | 3.65 | 1.65 | 4.60 | 4.50 | 3.00 | 3.75 |
| 3 years to less than 4 years | 5.00 | 4.25 | 2.55 | 1.60 | 4.30 | 4.30 | 1.35 | 3.60 |
| 4 years to less than 5 years | 4.75 | 4.00 | 2.00 | 0.05 | 4.10 | 4.30 | 1.35 | 1.40 |
| 5 years only | 4.75 | 4.00 | 2.00 | 1.55 | 4.00 | 4.30 | 1.35 | 1.40 |
Find Your Yes Bank FD ROI.
The simplest method for calculating the possible returns on your Yes Bank FD investment is by employing an FD calculator. It will automatically split your maturity value into the principal amount and interest earned to make your earnings easier to understand.
Try this Yes Bank FD calculator to find out your ROI quickly.
Features and Benefits of Yes Bank Fixed Deposit
Fixed Deposits from Yes Bank offer a number of benefits to investors. The following are some of the main features.
- Flexible Tenure: YES Bank FD offers a tenure range from 7 days to 10 years, allowing investors to choose a duration that aligns with their financial goals.
- Competitive Interest Rates: The bank provides attractive interest rates on FDs, with the highest rate reaching 7.50%, ensuring a lucrative return on investment.
- Senior Citizen Benefits: Senior citizens enjoy an additional 0.50% interest over the regular rates, acknowledging and appreciating their investment.
- Accessible Minimum Deposit: Opening a YES Bank FD account is accessible with a minimum deposit requirement of Rs. 10,000, making it inclusive for a wide range of investors.
- Loan Against FD: Investors have the option to avail a loan against their FD, providing financial flexibility and liquidity when needed.
- Variable Interest Rate: The YES Bank FD interest rate is dependent on both the tenure of the deposit and the principal amount, allowing for a personalized investment experience.
- Diverse Deposit Options: YES Bank offers a comprehensive range of deposit options, including Resident FD, Tax Saver FD, and Senior Citizen FD, catering to diverse financial goals and preferences.
- Quarterly Interest Calculation: Interest on YES Bank FD is calculated quarterly, ensuring investors receive periodic returns on their investments.
- Optimized Interest for Short Tenures: For tenures less than a year, interest is calculated based on the number of days (3 months = 91 days, 6 months = 181 days, and 9 months = 272 days), optimizing returns for shorter investment periods.
Yes Bank FD Account Eligibility
The eligibility criteria for Yes Bank Fixed Deposit Accounts along with the specified documents required are as follows:
- Resident Individuals (need a valid identity and address proof).
- Hindu Undivided Family (requires valid identity and address proof for the person operating the account).
- Companies, Partnership Firms, or Sole Proprietorships (need a Partnership Deed and a Letter from partners authorizing the representative to open and operate the account).
- Family Trusts (must provide a copy of the Trust Deed, registration certificate, and a trustee resolution authorizing the representative to manage the account).
- Associations, Clubs, and Societies (need the by-laws copy and a resolution authorizing members to open and operate the fixed deposit account at Yes Bank).
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Things to Remember!
- When opening a fixed deposit account, you must nominate someone to manage the assets in case of unforeseen events.
- The nominee only becomes the custodian of the account and does not have rights to the money unless inherited.
- The minimum deposit to open a YES BANK fixed deposit is INR 10,000.
- Simplify transactions by linking your YES BANK Savings account with your fixed deposit for easy money transfers.
Documents Required To Open Yes Bank FD
Applicants must submit the following documents for them to invest in a Yes Bank FD.
- Present KYC documents like an Aadhaar card, Voter ID, or driver's license for identification verification.
- PAN card is a mandatory submission.
- Address proof can be furnished through KYC documents or utility bills such as electricity or gas bills.
- Companies must provide a valid business certification.
- Family trusts necessitate submission of the trust deed and registration certificate for FD account initiation.
- Associations, societies, and clubs are required to furnish a copy of their respective by-laws.
Premature Closure of Yes Bank Fixed Deposit
Premature closure occurs when you withdraw the deposit amount from your fixed deposit account before it reaches its maturity period. For Yes Bank fixed deposits, a premature withdrawal penalty will be charged on all deposits booked or renewed for an amount below ₹5 Crore, as outlined in the table below.
| Tenure of Yes Bank Fixed Deposit | Penalty Rate w.e.f. 03rd November 2023 |
|---|---|
| Less than equal to 181 days | 0.75% |
| 182 days and above | 1.00% |
Types of Yes Bank Fixed Deposits
Yes Bank offers a variety of FD schemes that cater to the needs of specific depositors. Check the domestic FD scheme offered by Yes Bank below.
Yes Bank Regular Fixed Deposits
Yes Bank's Regular Fixed Deposits require a minimum deposit of Rs 10,000, with tenures ranging from 7 days to 10 years. The scheme allows for easy premature withdrawal and also offers an overdraft option of up to 90% of the principal FD amount. The Regular FD provides choices for compounded interest through the Re-investment option. Customers can also opt for monthly or quarterly payout options.
Yes Bank Tax Saver FD
Yes Bank Tax Saver FD offers a convenient way to save on taxes and avail tax exemption under section 80C of the Income Tax Act up to INR 1,50,000 per financial year. This fixed deposit comes with a fixed tenure of 5 years, and there's a lock-in for the entire duration, meaning no premature withdrawals are permitted.
Investors can start with a minimum amount of INR 10,000 and contribute up to a maximum of INR 1,50,000 per financial year. Furthermore, there's flexibility with options to receive quarterly payouts or choose the re-investment option for compounded returns.
YES Respect Fixed Deposits
Yes Respect Fixed Deposit scheme is designed for various senior citizens and offers an extra 0.50% interest. The deposit tenure ranges from 7 days to less than 3 years. The deposits offer flexibility with features like the Sweep-in and Sweep-out facility for early withdrawals. Depositors can also get an overdraft for up to 90% of their principal FD amount. Options like reinvestment for compounded interest or monthly/quarterly payouts make it a versatile choice for senior citizens.
YES Respect Plus Fixed Deposits
YES Respect Plus Fixed Deposits from Yes Bank is similar to YES Respect Fixed Deposit but with longer tenure and higher interest rate. The tenure ranges from 3 to 10 years. Senior citizens get an extra 0.75% interest. Features include easy premature withdrawals, overdrafts up to 90% of the principal FD amount, and options for reinvestment with compounded interest or choosing monthly/quarterly payouts.
Yes Bank Floating Rate Fixed Deposits
Yes Bank's Floating Rate Fixed Deposits are unique as their interest rates are tied to the prevailing REPO rate. The rates get adjusted on the 1st day of every month based on the REPO rate from the last day of the previous month. This offers depositors the potential to benefit from changes in interest rates. With a minimum deposit amount of Rs 10,000 and a tenure ranging from 1 year to less than 3 years, these deposits provide flexibility for various financial needs.
Types of Yes Bank Fixed Deposits for NRIs
A range of Yes Bank FD schemes for NRIs, NROs, and POIs are available. View the Yes Bank NRI FD schemes below.
Yes Bank NRE Fixed Deposits
Yes Bank's NRE Fixed Deposits are for NRIs and PIOs, requiring a minimum deposit of Rs 10,000 and offering a flexible tenure from 1 to 10 years. These deposits stand out as both the principal and interest amounts can be fully repatriated (returned to the origin country). With automatic renewal and nomination facilities, depositors can choose monthly or quarterly interest payouts. An overdraft facility is available for up to 90% of the deposit value, offering financial flexibility. Investors can book NRE Yes Bank FD online via various digital channels of Yes Bank.
Yes Bank NRO Fixed Deposits
Yes Bank NRO Fixed Deposits are for NRIs and PIOs, with a minimum deposit of Rs 10,000 and a tenure of 7 to 10 years. These deposits allow autorenewal and allow monthly or quarterly interest payouts. They also provide a nomination facility for added security. Depositors can access overdrafts up to 90% of the deposit amount, offering financial flexibility. Booking an NRO FD is straightforward through YES Mobile, YES ONLINE, and YES ROBOT, making it convenient for depositors.
Yes Bank FCNR Fixed Deposit
Yes Bank FCNR Fixed Deposit is designed for NRIs and PIOs, allowing them to hold deposits in 8 foreign currencies: US dollar (USD), Euro (EUR), Pound sterling (GBP), Australian Dollar (AUD), Japanese Yen (JPY), Canadian Dollar (CAD), Singapore dollar (SGD), and Hong Kong dollar (HKD). With a flexible tenure ranging from 1 to 5 years, both the principal and interest amounts are fully repatriable. Depositors enjoy the convenience of automatic renewal and the option for nomination. Additionally, an overdraft facility is available, allowing depositors to leverage their FCNR Deposit for financial flexibility.
Premium Rupee Plan
Yes Bank Premium Rupee Plan aims to provide a higher yield than NRE FDs to NRI and PIO depositors. With a minimum deposit of USD 25000 or its equivalent, the tenure matches the FCNR (B) deposit maturity. This plan offers an overdraft facility and allows funds to be deposited in any convertible currency, later converted to YEN, offering flexibility and potential returns for depositors.
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Frequently Asked Questions
YES Bank FD rates range from 3.25% to 7.75% for regular citizens and 3.75% to 8.25% for senior citizens, depending on tenure.
There is no specified minimum amount needed to open a YES Bank FD account.
The minimum tenure for a YES Bank FD is 7 days, and the maximum is 10 years.
The highest FD rate in YES Bank is 7.75% for regular citizens and 8.25% for seniors (tenure > 24 months).
YES Bank offers special rates for senior citizens, with rates 0.5% higher than regular rates for most tenures.
The Yes Bank FD scheme interest rate for 5 years is 7.25% for both regular and senior citizens.
The FD in YES Bank will approximately double in 9.6 years with a 7.75% interest rate using the rule of 72.
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