Both regular and senior citizens can take advantage of a variety of fixed deposit (FD) schemes offered by Yes Bank. The bank offers fixed deposit schemes with terms ranging from seven days to ten years. On May 10, 2021, the bank changed the interest rate on its term deposits. Yes Bank now proposes an interest rate of 3.50 per cent on deposits maturing in seven to fourteen days, 3.75 per cent on deposits maturing in 15 to 45 days, and 4.25 per cent on FDs maturing in 46 to 90 days, after 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 4.75 per cent and 5.25 per cent, respectively. The Bank offers a 5.50 per cent interest rate on FDs for a maturity period of 9 months or less than one year. Both regular and senior citizens can take advantage of a special interest rate on FDs maturing in one year to ten years offered by Yes Bank. Term deposits maturing in one year or less than two years will offer a 6.00 per cent interest rate. FDs with a maturity period of two to three years will yield 6.25 per cent, while deposits with a maturity period of three to five years will yield 6.50 per cent, and deposits with a maturity period of five to ten years will yield 6.75 per cent. Senior citizens will receive interest rates that are 50 basis points higher than regular citizens. On FDs maturing in 7 days to 10 years, the bank proposes interest rates ranging from 4% to 7.5 per cent. On FDs maturing in three to ten years, senior citizens will receive an additional rate of 75 bps.
Yes Bank FD Rates
Below are the latest interest rates on fixed deposit of Yes Bank for a deposit amount of less than Rs 2 Cr.
|Tenure||Regular FD Rates||Senior Citizen FD Rates|
|7 to 14 days||3.50%||4.00%|
|15 to 45 days||3.75%||4.25%|
|46 to 90 days||4.25%||4.75%|
|3 months to less than 6 months||4.75%||5.25%|
|6 months to less than 9 months||5.25%||5.75%|
|9 months to less than 1 Year||5.50%||6.00%|
|1 years to less than 2 years||6.00%||6.50%|
|2 years to less than 3 years||6.25%||6.75%|
|3 Years to less than 5 years||6.50%||7.25%|
|5 Years to less than 10 years||6.75%||7.50%|
|Source: Bank Website, W.e.f. 10th May 2021|