*Offers are from Paisabazaar's partner Banks & NBFCs.
YES Bank offers various types of fixed deposit schemes to both regular individuals and senior citizens at attractive interest rates. The bank provides fixed deposit schemes for a period of 7 days (short-term) to 10 years (long-term). Following are the YES Bank FD Rates across tenure options provided by the bank.
Table of Contents
| Tenure | Yes Bank FD Rates (p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 to 45 days | 5.00% | 5.50% |
| 46 to 90 days | 6.25% | 6.75% |
| 3 months to < 6 months | 6.25% | 6.75% |
| 6 months to < 9 months | 6.85% | 7.35% |
| 9 months to < 1 Year | 7.15% | 7.65% |
| 1 Years to <= 10 years | 7.25% | 7.75% |
| Special Rates | ||
| 12 months 10 days to 12 months 20 days | 7.40% | 7.90% |
| 18 months 8 days to 18 months 18 days | 7.40% | 7.90% |
| 2 years to less than 3 years | 7.50% | 8.00% |
Note: Interest rates for deposits < Rs. 2 crore, w.e.f. 25th October 2019.
| FD Tenure | Interest Rate for Deposits less than 2 Crore |
| 1 year to less than equal to 10 years | 7.25% |
| Special Rates | |
| 12 months 10 days to 12 months 20 days | 7.85% |
| 18 months 8 days to 18 months 18 days | 7.55% |
| 2 years to less than 3 years | 7.75% |
Note: YES Bank FD Rates are subject to change without prior information.
| FD Tenure | Interest Rates (in %) |
| 7 to 45 days | 5.00% |
| 46 to 90 days | 6.25% |
| 91 to 180 days | 6.25% |
| 181 to 271 days | 6.85% |
| 272 days to less than 1 year | 7.15% |
| 1 year to less than equal to 10 years | 7.25% |
| Special Rates | |
| 12 months 10 days to 12 months 20 days | 7.85% |
| 18 months 8 days to 18 months 18 days | 7.55% |
| 2 years to less than 3 years | 7.75% |
Note: YES Bank FD Rates are subject to change without prior information.
| Period | Currency | |||||||
| USD | GBP | EURO | JPY | CAD | AUD | SGD | HKD | |
| 1 year to less than 2 years | 3.60% | 1.55% | 0.10% | 0.40% | 2.60% | 2.00% | 2.25% | 2.55% |
| 2 years to less than 3 years | 3.10% | 1.95% | 0.10% | 0.40% | 2.50% | 2.30% | 2.20% | 2.35% |
| 3 years to less than 4 years | 3.00% | 1.55% | 0.10% | 1.80% | 2.45% | 2.30% | 1.65% | 2.00% |
| 4 years to less than 5 years | 3.00% | 1.55% | 0.10% | 0.15% | 2.45% | 2.35% | 1.70% | 2.00% |
| 5 years only | 3.00% | 1.70% | 0.10% | 1.60% | 2.30% | 2.30% | 1.75% | 2.00% |
Note: The YES Bank FD Rates are subject to change without prior information.
| Period | Currency | |||||
| USD | GBP | EURO | JPY | CAD | AUD | |
| >=12 months <24 months | 3.60% | 1.55% | 0.10% | 0.40% | 2.60% | 2.00% |
| >=24 months <36 months | 3.10% | 1.95% | 0.10% | 0.40% | 2.50% | 2.30% |
| 36 months | 3.00% | 1.55% | 0.10% | 1.80% | 2.45% | 2.30% |
Note: The YES Bank FD Rates are subject to change without prior information.
| Table of Contents |
1. Resident Fixed Deposit
Features of YES Bank Resident FD scheme are as follows:
| Features of YES Bank Resident Fixed Deposit Account |
|
| YES Bank Resident Fixed Deposit Eligibility Criteria |
|
2. YES Bank Tax saver FD
Features of YES Bank Tax Saver FD scheme are as follows:
| Features of YES Bank Tax-saver Fixed Deposit Account |
|
| YES Bank Tax Saver Fixed Deposit Eligibility Criteria |
|
3. YES Bank Senior Citizens FD Scheme
Features of YES Bank Senior Citizens FD scheme are as follows:
| Features of YES Bank Senior Citizens Fixed Deposit Account |
|
| YES Bank Senior Citizens Fixed Deposit Eligibility Criteria |
|
YES Bank premature withdrawal facility means that the depositor can withdraw the fixed deposit amount before maturity. Fixed Deposit is classified into two types:
However, individuals who want to make premature withdrawals will be required to pay penalty for the same, which will be charged on the YES Bank FD Rate which will be applicable when an FD is either prematurely withdrawn or closed after it has run for a period of 182 days and above.
Penalty Structure for Fixed Deposits with deposits less than Rs 5 crore:
| Tenure of Fixed Deposit | Penalty (w.e.f. 5th July 2019) |
| Less than equal to 181 days | Nil |
| 182 days and above | 0.50% |
YES Bank provides its customers with the facility of loan against fixed deposit up to 90% of the value of their fixed deposit at low interest rates.
For example- Mr. Ajay has opened a fixed deposit of Rs. 1 lakh for 2 years with YES Bank and later he decided to take a loan against his FD. As per the norms of the bank, a credit limit of 90% is approved against his FD at 10% interest rate. Now, if he draws Rs. 90,000 on the first of the month and then repays the money on the 1st of next month, then he will be required to pay the interest on Rs. 90,000 borrowed for 1 month only. The amount he has to pay after a month will be Rs. 90,744. Hence, the interest charged is Rs. 744 only.
Investors can check the maturity amount of their YES Bank Fixed Deposits using FD Calculator provided by Paisabazaar. Users will be required to enter the amount they wish to deposit, preferred tenure of investment and YES Bank FD Rate to know how much their investment will be worth at maturity. Alternatively, customers can check the interest and maturity amount for reinvestment schemes using Paisabazaar’s compound interest calculator.
| Recent passport size photograph |
| Proof of Identity |
| PAN card(mandatory) Aadhaar card Voter ID Passport Driving license Senior Citizen ID Card |
| Proof of Residence |
| Utility bills (electricity, water, telephone, and gas) Bank account statement (with cheque) Passport |
Following are the ways via which customers can open a Fixed Deposit Account at YES Bank:
Net Banking-
YES Mobile – YES Bank Mobile Banking app-
Alternatively, customers can visit the nearest YES Bank’s branch to open their fixed deposit account.
Q. What is the minimum period for YES Bank Fixed Deposit account?
A. The minimum period for YES Bank Fixed Deposit account is 7 days.
Q. What is the maximum period for YES Bank Fixed Deposit account?
A. The maximum period for YES Bank Fixed Deposit account is 10 years.
Q. Can an account holder apply for YES Bank FD via Internet Banking?
A. Yes, an account holder can easily apply for YES Bank FD via Internet Banking.
Q. Can an account holder an FD online using their net banking/mobile banking service if he/she doesn’t have an existing account with YES Bank?
A. Yes, it is a must to have an existing account with YES Bank to avail internet banking services and open an FD account.
Q. Can an account holder close his/her YES Bank FD anytime?
A. Yes, an account holder can close his/her YES Bank FD anytime except for tax saver FD (comes with a lock-in period of 5 years.)
Q. Is there a penalty for premature withdrawal?
A. Yes, a penalty for premature withdrawal is charged as mentioned above.
