Yes Bank Revises Interest Rates On Fixed Deposits: Check New Rates Here

Published: Saturday, August 7, 2021, 11:32 [IST]

Yes Bank, a leading private sector bank, provides both ordinary and elderly residents a variety of domestic deposit schemes. A fixed deposit account at Yes Bank can be opened with a minimum deposit of Rs 10,000 for a term ranging from 7 days to 10 years. Yes Bank has recently revised its fixed deposit interest rates, effective from August 5, 2021.

Yes Bank Fixed Deposit Interest Rates (W.e.f. August 5, 2021)

Yes Bank now provides an interest rate of 3.25 percent on deposits maturing in 7 to 14 days, 3.50 percent on deposits maturing in 15 to 45 days, and 4.00 percent on FDs maturing in 46 to 90 days, following the most recent adjustment. On domestic term deposits maturing in 3 months to less than 6 months and 6 months to less than 9 months, Yes Bank now offers 4.50 percent, 5.00 percent, respectively. The Bank offers a 5.25 percent interest rate on FDs with a maturity duration of 9 months to less than one year whereas deposits maturing in 1 year to less than 18 months, Yes Bank is now promising an interest rate of 5.75%.

Term deposits maturing in 18 months to less than 3 years and 3 years to less than 5 years. Yes Bank is currently offering an interest rate of 6.00% and 6.25% respectively. For long-term deposits maturing in 5 years to less than 10 years, Yes Bank is now giving an interest rate of 6.50%. On their term deposits, senior citizens will undoubtedly continue to get an additional rate of interest compared to the general public. For deposits maturing in 7 days to 10 years, senior citizens will get an interest rate ranging from 3.75% to 7.25%.

Yes Bank FD Rates For The General Public

For a deposit amount of less than Rs 2 Cr, Yes Bank is now offering the following interest rates to the regular citizens after the most recent revision.

Period	Regular FD Rates	Annualized Yield
7 to 14 days	3.25%	3.25%
15 to 45 days	3.50%	3.50%
46 to 90 days	4.00%	4.00%
3 months to less than 6 months	4.50%	4.50%
6 months to less than 9 months	5.00%	5.03%
9 months to less than 1 Year	5.25%	5.32%
1 year less than 18 Months	5.75%	5.88%
18 Months to less than 3 years	6.00%	6.14%
3 Years to less than 5 years	6.25%	6.40%
5 Years to less than equal to 10 years	6.50%	6.66%
Source: Yes Bank

Yes Bank FD Rates For Senior Citizens

Yes Bank offers an additional rate of 0.50% for deposits maturing in 7 days to less than 3 years whereas deposits maturing in 3 years to less than 10 years, Yes Bank offers an additional rate of 0.75% to senior citizens. Following the most recent adjustment, Yes Bank is now offering the below-listed interest rates to senior citizens for a deposit amount of less than Rs 2 Cr.

Period	Senior Citizens FD Rates	Annualized Yield
7 to 14 days	3.75%	3.75%
15 to 45 days	4.00%	4.00%
46 to 90 days	4.50%	4.50%
3 months to less than 6 months	5.00%	5.00%
6 months to less than 9 months	5.50%	5.54%
9 months to less than 1 Year	5.75%	5.83%
1 year less than 18 Months	6.25%	6.40%
18 months to less than 3 years	6.50%	6.66%
3 years to less than 5 years	7.00%	7.19%
5 years to less than equal to 10 years	7.25%	7.45%
Source: Yes Bank

Premature Penalty On Fixed Deposits

If a fixed deposit is either prematurely withdrawn or closed after it has been maintained for a period of 182 days or more, the below-listed penalty charges will be imposed by Yes Bank.