YES Bank FD Rates Highlights 2022
| Highest slab rate | 6.25% p.a. (for 3 years to 10 years) |
| For 1 year | 5.75% p.a. |
| For 2 years | 6.00% p.a. |
| For 3 years | 6.00% p.a. |
| For 4 years | 6.25% p.a. |
| For 5 years | 6.25% p.a. |
| Tax-Saving FD | 6.25% p.a. |
YES Bank FD Interest Rates
Domestic/NRO Deposits of less than Rs 2 crore w.e.f. 4th January 2022
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 3.25 | 3.75 |
| 15 days to 45 days | 3.50 | 4.00 |
| 46 days 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 | 4.75 | 5.25 |
| 9 months to less than 1 year | 5.00 | 5.50 |
| 1 year to less than 18 months | 5.75 | 6.25 |
| 18 months to less than 3 years | 6.00 | 6.50 |
| 3 years to 10 years | 6.25 | 7.00 |
YES Bank Tax Saver Deposit
| Tenure | Interest Rate (% p.a.) |
| 5 years | 6.25 |
YES Bank FD Rates on Domestic Deposits of Rs 2 crore to less than Rs 5 crore w.e.f. 8th January 2022 (with premature withdrawal facility)
| Tenure | Regular Citizens (% p.a.) |
| 7 days to 14 days | 3.00 |
| 15 days to 30 days | 3.15 |
| 31 days to 45 days | 3.20 |
| 46 days to 60 days | 3.45 |
| 61 days to 90 days | 3.55 |
| 91 days to 120 days | 3.85 |
| 121 days to 180 days | 3.85 |
| 181 days to 270 days | 4.50 |
| 271 days to less than 1 year | 4.85 |
| 12 months (1 year) | 5.25 |
| 12 months 1 day to less than 18 months | 5.25 |
| 18 months to less than 2 years | 5.25 |
| 2 years to less than 3 years | 5.50 |
| 3 years to less than 5 years | 5.50 |
| 5 years and above | 5.50 |
YES Bank Fixed Deposit rates on Non-Resident External (NRE) Fixed Deposits of less than Rs 2 crore w.e.f 4th January 2022
| Period | Interest Rates (% p.a.) |
| 1 year to less than 18 months | 5.75 |
| 18 months to less than 3 years | 6.00 |
| 3 years to 10 years | 6.25 |
Interest Rates on FCNR (B) Deposits w.e.f. 1 May 2022
| Period | Interest Rates (% p.a.) | |||||||
| USD | GBP | EURO | JPY | CAD | AUD | HKD | SGD | |
| 1 year to less than 2 years | 2.15 | 1.75 | 0.10 | 0.05 | 2.00 | 1.50 | 1.10 | 1.30 |
| 2 years to less than 3 years | 2.50 | 1.65 | 0.15 | 0.05 | 2.25 | 2.00 | 1.10 | 1.40 |
| 3 years to less than 4 years | 2.50 | 1.60 | 0.30 | 0.05 | 2.25 | 2.00 | 1.10 | 1.40 |
| 4 years to less than 5 years | 2.50 | 1.85 | 0.30 | 0.05 | 2.25 | 2.10 | 1.05 | 1.45 |
| 5 years only | 2.40 | 1.85 | 0.35 | 0.05 | 2.25 | 2.25 | 1.20 | 1.50 |
Interest Rates on RFC Deposits w.e.f. 1 May 2022
| Period | Interest Rates (% p.a.) | |||||
| USD | GBP | EURO | JPY | CAD | AUD | |
| 12 months to less than 24 months | 2.15 | 1.75 | 0.10 | 0.05 | 2.00 | 1.50 |
| 24 months to less than 36 months | 2.50 | 1.65 | 0.15 | 0.05 | 2.25 | 2.00 |
| 36 months | 2.50 | 1.60 | 0.30 | 0.05 | 2.25 | 2.00 |
Types of YES Bank FD Schemes
Regular Fixed Deposits
- Minimum deposit amount: Rs 10,000
- Tenure: 7 days – 10 years
- Sweep-in and Sweep-out facility is available
- Fixed deposits can be pre-matured with sweep-in facility
- Overdraft facility is available to up to 90% of principal FD amount
- Re-investment fixed deposit option is available to get quarterly compounding interest
- Monthly/quarterly payout options is available
YES Respect Fixed Deposits
- Tenure: 7 days to less than 3 years
- Additional 0.50% interest rate on regular interest rates is offered to senior citizens
- Sweep-in and Sweep-out facility is available
- Fixed deposits can be pre-matured with sweep-in facility
- Depositors can avail overdraft facility to up to 90% of their principal FD amount
- Depositors have an option to reinvest fixed deposit to get quarterly compounding interest
- Monthly/quarterly payout options is also available
YES Respect Plus Fixed Deposits
- Tenure: 3 years – 10 years
- Additional 0.75% interest rate on regular interest rates is offered to senior citizens
- Sweep-in and Sweep-out facility is available
- Fixed deposits can be pre-matured with sweep-in facility
- Overdraft facility is available to up to 90% of principal FD amount
- Re-investment fixed deposit option is available
- Quarterly compounding as well as monthly/quarterly payout options is available
Tax Saver Fixed Deposits
- Depositors can claim tax exemption up to Rs 1.5 lakhs per financial year under section 80C of Income Tax Act
- Tenure: 5 years with lock-in for entire tenure
- Deposit amount: Minimum: Rs 10,000; Maximum: Rs 1.5 lakhs per FY
- Depositors have the option of receiving a quarterly payment or reinvesting their money
NRO Fixed Deposits
- Eligibility: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
- Minimum deposit amount: Rs 10,000
- Tenure: 7 years – 10 years
- Automatic renewal facility is available
- Monthly or quarterly interest payout option is permitted
- Nomination Facility is available
- Overdraft facility of up to 90% of deposit amount are offered to depositors
- NRO FD can be booked through the bank’s digital channels – YES Mobile, YES ONLINE, & YES ROBOT
FCNR Fixed Deposit
- Eligibility: NRIs & PIOs
- Depositors can hold deposits in any of the 8 foreign currencies: US dollar (USD), Euro (EUR), Pound sterling (GBP), Australian Dollar (AUD), Japanese Yen (JPY), Canadian Dollar (CAD), Singapore dollar (SGD) and Hong Kong dollar (HKD)
- Tenure: 1 year – 5 years
- Principal and interest amount are fully repatriable
- Automatic renewal facility on deposit is available
- Nomination facility is offered to depositors
- Overdraft facility is available against FCNR Deposit
Premium Rupee Plan
- Eligibility: NRIs & PIOs
- This scheme is aimed at NRI/PIO depositors seeking to earn higher yield than NRE FDs by booking forward contracts against FCNR deposits.
- Minimum deposit amount: USD 25000 or its equivalent
- Tenure: Up to maturity of FCNR (B) deposit
- Overdraft facility is available under this scheme
- Funds can be deposited in any convertible currency, which will be then converted to YEN
Resident Foreign Currency (RFC) Fixed Deposit
- Eligibility: NRI who returns to India and becomes a resident Indian
- Depositors can hold deposits in any of the 6 foreign currencies: USD, GBP, JPY, EUR, AUD and CAD
- Tenure: 1 year – 3 years
- Principal and the interest amount are fully repatriable
- The balances can be freely transferred to NRE or FCNR deposits
- Deposits can be booked through YES Online
NRE Fixed Deposits
- Eligibility: NRIs & PIOs
- Minimum deposit amount: Rs 10,000
- Tenure: 1 year – 10 years
- Principle and interest are fully repatriable
- Automatic renewal and nomination facility is available
- Monthly or quarterly interest payout option is permitted
- Overdraft facility is available to up to 90% of deposit value
- Depositors can book NRE FD through the bank’s digital channels – YES ONLINE, YES Mobile & YES ROBOT
Premature Withdrawal Penalty of Fixed Deposits
- Fixed deposits can be pre-matured with sweep-in facility
- All fresh and auto renewed FDs booked on/ after 16th May 2022 for deposits value less than Rs 5 crores would be subject to a premature withdrawal penalty
| Tenure of Fixed Deposit (Completed) | Penalty |
| Less than equal to 181 days | 0.25% |
| 182 days and above | 0.50% |
- Premature penalty is not applicable to senior citizen FD depositors who booked or renewed FD on or after 16th May 2022
- For values 5 crores and more, the existing penalty structure would continue at 0.25% for all tenure and value buckets
Overdraft facility against NRE/ NRO Fixed Deposit
- This scheme is available to NRI customers with Single holding NRO savings A/c
- This overdraft facility allows depositors to meet their urgent needs without liquidating the FD
- Applicable interest rate will be 1% above the fixed deposit rate
- No processing charges and additional documentation is required
- No EMIs is applicable
- Easy repayment in lump sum
- Deposit amount: Minimum: Rs 10,000; Maximum: less than Rs 2 crore
- Minimum Tenure:
- For NRO deposits: 30 days
- For NRE deposits: 1 year
- FD should not have any lien marked and residual tenure should be minimum 7 days
- This scheme can also be availed through YES Robot and YES Mobile where bank claims to sanction overdraft in 1 working day
YES Bank FD Calculator
Investors can check the maturity amount of their 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 the applicable FD rate for the tenure chosen to know how much their investment will be worth at maturity.
FAQs
Q1. What is the minimum/maximum period for YES Bank Fixed Deposit account?
Ans. 7 days – 10 years.
Q2. For which tenure shall one get the highest interest?
Ans. 6.25% for 3 years less than and equal to 10 years.
Q3. Can an account holder apply for YES Bank FD via Internet Banking?
Ans. Yes, an account holder can easily apply for YES Bank FD via Internet Banking.
