Yes Bank has adjusted the interest rate on its term deposits, which are in effect from June 3, 2021. Yes Bank offers both regular and senior residents a variety of fixed deposit (FD) options. The bank offers fixed deposit options with terms ranging from seven days to 10 years respectively. Yes Bank currently pays 3.25 per cent on deposits maturing in seven to fourteen days, 3.50 per cent on deposits maturing in 15 to 45 days, and 4.00 per cent on FDs maturing in 46 to 90 days, following the most recent adjustment. On term deposits maturing in 3 months to less than 6 months and 6 months to less than 9 months, Yes Bank offers 4.5 per cent and 5.00 per cent, respectively.
For FDs having a maturity period of 9 months to less than 1 year, the Bank offers a 5.25 per cent interest rate respectively. Yes Bank provides a special interest rate on FDs maturing in one year to 10 years to both regular and elderly people. Term deposits with maturities ranging from one year to less than three years will yield a 6% interest rate. Deposits maturing in 5 years to 10 years will yield 6.50 per cent, while FDs maturing in 3 years to less than 5 years would yield 6.25 per cent. Senior folks continue to get interest rates that are 50 basis points higher than the regular citizens. On FDs maturing in 7 days to 10 years, the bank provides interest rates ranging from 3.75 per cent to 7.25 per cent. On FDs maturing in three to ten years, senior residents will receive a 75 basis point extra.
Yes Bank FD Rates (Below Rs 2 Cr)
|Tenure||Regular FD Rates||Senior Citizen FD Rates|
|7 to 14 days||3.25%||3.75%|
|15 to 45 days||3.50%||4.00%|
|46 to 90 days||4.00%||4.50%|
|3 months to less than 6 months||4.50%||5.00%|
|6 months to less than 9 months||5.00%||5.50%|
|9 months to less than 1 Year||5.25%||5.75%|
|1 years less than 3 years||6.00%||6.50%|
|3 Years to less than 5 years||6.25%||7.00%|
|5 Years to less than equal to 10 years||6.50%||7.25%|
|Source: Yes Bank, W.e.f. 3rd June, 2021|