Yes Bank Cuts Interest Rates On Savings Account: Details Inside

One of the leading private sector lenders Yes Bank has slashed interest rates on savings accounts by 0.75 percent to 5.25 percent on Wednesday. The interest rate on regular, senior citizen, rural, semi-urban, and urban savings accounts has been reduced from 6 percent to 5.25 percent with effect from December 15, 21. Yes Bank is currently providing a 4.5% interest rate on daily balances of less than one lac, 4.50 percent on balances between one lac and ten lacs, 5.00 percent on balances between ten lacs and one crore, and 5.25 percent on daily balances between one crore and one hundred crores.

Yes Bank Savings Account Interest Rates

The bank is offering the following interest rates on savings accounts effective as of 15th December 2021. These rates are applicable for Domestic and Non-Resident Savings Accounts.

Daily Balance in the Savings Account (INR)	Applicable Interest Rates (p.a.) w.e.f. 15th December'21
<=1 Lac	4%
>1 Lac to < 10 lacs	4.50%
>=10 lacs to < 1 Cr	5.00%
>=1 Cr to < 100 Cr	5.25%
Source: Bank Website

Yes Bank Fixed Deposit Interest Rate

On November 3rd, 2021, the bank amended its fixed deposit interest rates, and the current rates are as follows for deposits of less than Rs. 2 Cr.

Tenor	Regular	Annualised Yield	Senior Citizen	Annualised Yield
7 to 14 days	3.25%	3.25%	3.75%	3.75%
15 to 45 days	3.50%	3.50%	4.00%	4.00%
46 to 90 days	4.00%	4.00%	4.50%	4.50%
3 months to < 6 months	4.50%	4.50%	5.00%	5.00%
6 months to < 9 months	5.00%	5.03%	5.50%	5.54%
9 months to < 1 Year	5.25%	5.32%	5.75%	5.83%
1 Year < 3 years	6.00%	6.14%	6.50%	6.66%
3 Years to <= 10 years	6.25%	6.40%	7.00%	7.19%
Source: Bank Website

Yes Bank Recurring Deposit Interest Rates

Yes Bank is currently providing the following rates on recurring deposits of less than Rs 2 crore, effective as of November 3, 2021.

Tenor	Regular Interest Rate (per annum)	Senior Citizen Rates (per annum)
6 Months	5.00%	5.50%
9 Months	5.25%	5.75%
12 Months	6.00%	6.50%
15 Months	6.00%	6.50%
18 Months	6.00%	6.50%
21 Months	6.00%	6.50%
24 Months	6.00%	6.50%
27 Months	6.00%	6.50%
30 Months	6.00%	6.50%
33 Months	6.00%	6.50%
36 Months	6.25%	7.00%
5 years upto 10 Years	6.25%	7.00%
Source: Bank Website