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Yes Bank Revises Fixed Deposit (FD) Rates Effective From November; Now Earn As High As 7.75%
Yes Bank has modified its interest rates on fixed deposits under Rs 3 Cr in an attempt to provide customers with alluring returns. The bank is now offering interest rates with maturities ranging from 7 days to 120 months, with rates spanning from 3.25% to 7.00%. Yes Bank is now offering a maximum interest rate of 7.75% on term deposits with maturities varying between 18 to 24 months. According to Yes Bank's official website, the latest FD rates go into effect on November 5, 2024.
/img/2024/11/yes-bank600-1731134981.jpg "Yes Bank Revises Fixed Deposit FD Rates Effective From November Now Earn As High As 7 75")
Yes Bank FD Rates
The bank is giving 3.25% interest on fixed deposits with maturities between 7 and 14 days, and 3.70% interest on those with maturities between 15 and 45 days. Yes Bank provides a 4.10% interest rate for fixed deposits with a duration of 46 to 90 days and a 5.00% interest rate for deposits with a period of 121 to 180 days. At Yes Bank, term deposits that mature between 181 and 271 days will yield an interest rate of 6.10%, while those that mature between 272 and 1 year will provide an interest rate of 6.35%.
| Fixed Deposit Interest Rates w.e.f. 05th November, 2024 (Less than INR 3 Cr) | ||||
|---|---|---|---|---|
| Tenure | Regular Interest Rates (%P.A.) | Annualised Yield | Senior Citizen Interest Rates (%P.A.) | Annualised Yield |
| 7 days to 14 days | 3.25% | 3.25% | 3.75% | 3.75% |
| 15 days to 45 days | 3.70% | 3.70% | 4.20% | 4.20% |
| 46 days to 90 days | 4.10% | 4.10% | 4.60% | 4.60% |
| 91 days to 120 days | 4.75% | 4.75% | 5.25% | 5.25% |
| 121 days to 180 days | 5.00% | 5.00% | 5.50% | 5.50% |
| 181 days to 271 days | 6.10% | 6.24% | 6.60% | 6.77% |
| 272 days to 1 year | 6.35% | 6.50% | 6.85% | 7.03% |
| 1 year | 7.25% | 7.45% | 7.75% | 7.98% |
| 1 year 1 day to 18 months | 7.50% | 7.71% | 8.00% | 8.24% |
| 18 months | 7.75% | 7.98% | 8.25% | 8.51% |
| 18 months 1day to 24 months | 7.75% | 7.98% | 8.25% | 8.51% |
| 24 months to 36 months | 7.25% | 7.45% | 7.75% | 7.98% |
| 36 months to 60 months | 7.25% | 7.45% | 8.00% | 8.24% |
| 60 months | 7.25% | 7.45% | 8.00% | 8.24% |
| 60 months 1 day to 120 months | 7.00% | 7.19% | 7.75% | 7.98% |
On a fixed deposit period of 1 year the bank is promising an interest rate of 7.25% and on a term deposit period of 1 year 1 day to 18 months, Yes Bank will pay an interest rate of 7.50%. Yes Bank will pay an interest rate of 7.75% on a term deposit tenure of 18 months to 24 months and 7.25% on a term deposit booked for 24 months to 60 months period. Term deposits maturing in 60 months 1 day to 120 months will now fetch an interest rate of 7.00%.
Yes Bank Premature Penalty Rules On FD
"Premature penalty will be applicable for all types of customers. (e.g.: Individual, Non-Individual). Premature penalty will be applicable as per above regime for YES BANK staff who booked/renewed FD's for period 5th July 19 till 9th May 21. Nil premature penalty will be applicable for YES BANK staff FD booked/renewed on and after 10th May 21. Premature penalty will be applicable as per above regime for Senior Citizen customers who booked/renewed FD's for period 5th July 19 till 15th May 22. Nil premature penalty will be applicable for Senior Citizen FD booked/renewed on and after 16th May 22. For values of upto INR 5 Crs, existing penalty structure shall continue at 0.25% for all tenure & value buckets. Premature FD withdrawal penalty interest will be charged for partial as well as full withdrawal and on FDs swept-in via sweep-in facility for any amount," mentioned Yes Bank on its website.
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