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 to 10 years. 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 | 5.50% | 6.00% |
| 3 months to < 6 months | 6.00% | 6.50% |
| 6 months to < 9 months | 6.50% | 7.00% |
| 9 months to < 1 Year | 6.50% | 7.00% |
| 1 Years to <= 10 years | 6.75% | 7.25% |
Special Rates | ||
| 1 year to less than 2 years | 7.00% | 7.50% |
| 2 years to less than 3 years | 7.00% | 7.75% |
Note: Interest rates for deposits < Rs. 2 crores, effective from 18th August 2020.
| FD Tenure | Interest Rate for Deposits less than 2 Crore |
| 3 years to less than equal to 10 years | 6.75% |
| Special Rates | |
| 1 year to less than 2 years | 7.00% |
| 2 years to less than 3 years | 7.00% |
Note: YES Bank FD Rates are subject to change without prior information. (Interest rates effective from 18th August 2020)
| FD Tenure | Interest Rates (in %) |
| 7 to 45 days | 5.00% |
| 46 to 90 days | 5.50% |
| 91 to 180 days | 6.00% |
| 181 to 271 days | 6.50% |
| 272 days to less than 1 year | 6.50% |
| 1 year to less than equal to 10 years | 6.75% |
| Special Rates | |
| 1 year to less than 2 years | 7.00% |
| 2 years to less than 3 years | 7.00% |
Note: YES Bank FD Rates are subject to change without prior information. (Interest rates effective from 18th August 2020)
| Period | Currency | |||||||
| USD | GBP | EURO | JPY | CAD | AUD | SGD | HKD | |
| 1 year to less than 2 years | 2.25% | 1.85% | 0.10% | 1.92% | 2.62% | 2.00% | 2.24% | 2.52% |
| 2 years to less than 3 years | 2.23% | 2.00% | 0.10% | 0.40% | 2.50% | 2.17% | 2.20% | 2.35% |
| 3 years to less than 4 years | 3.20% | 1.55% | 0.10% | 2.95% | 2.45% | 2.30% | 1.65% | 2.00% |
| 4 years to less than 5 years | 3.22% | 1.55% | 0.10% | 0.15% | 2.45% | 2.35% | 1.70% | 2.00% |
| 5 years only | 3.27% | 1.70% | 0.10% | 2.60% | 2.30% | 2.30% | 1.75% | 2.00% |
Note: The YES Bank FD Rates are subject to change without prior information. (Interest rates effective from 1st September 2020)
| Period | Currency | |||||
| USD | GBP | EURO | JPY | CAD | AUD | |
| >=12 months <24 months | 2.25% | 1.85% | 0.10% | 1.92% | 2.62% | 2.00% |
| >=24 months <36 months | 2.23% | 2.00% | 0.10% | 0.40% | 2.50% | 2.17% |
| 36 months | 3.20% | 1.55% | 0.10% | 2.95% | 2.45% | 2.30% |
Note: The YES Bank FD Rates are subject to change without prior information. (Interest rates effective from 1st September 2020)
1. Regular Fixed Deposit Scheme
The following are the features and benefits of the Yes Bank fixed deposit scheme (domestic):
| Particulars | Details |
| Tenure | 7 days – 10 years |
| Min. Deposit Amount | Rs. 1,000 |
| Interest Payment Frequency | Quarterly or Monthly for non-cumulative option On maturity for cumulative option (quarterly compounded) |
| Rates for Senior Citizens | Additional 0.50% interest rate over the standard interest rates |
| Premature Withdrawal | Available; a penalty of 0.5% on applicable fixed deposit rate |
| Features |
|
2. Tax Saver Fixed Deposit Scheme
To help customers save tax on up to Rs. 1.5 lakh (u/s 80C), tax saver FD is available. The amount invested in this FD can be claimed for exemption under deductions when filing the ITR. Details about the same are tabulated below:
| Particulars | Details |
| Tenure | 5 years and above |
| Min. Deposit Amount | Rs. 1,000 – Rs. 1.5 lakh |
| Rates for Senior Citizens | 0.5% extra |
| Premature Withdrawal | Not available |
| Features |
|
In times of need, customers can resort to their FD and exercise the premature withdrawal facility. The following important features are worth considering:
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 the applicable Yes Bank FD rate for the tenure chosen to know how much their investment will be worth at maturity.
The following persons can open a fixed deposit with Yes Bank:
The following documents are required to open a fixed deposit scheme with Yes Bank:
Online method to apply for the Yes Bank FD scheme is explained below:
Offline method is also available for which the customers are required to visit the nearby branch of Yes Bank with the required documents and get the FD opened. Make sure to carry the documents mentioned above for successful application.
What is the minimum/maximum period for YES Bank Fixed Deposit account?
7 days – 10 years.
For which tenure shall one get the highest interest?
7.00% for 1 year < 2 years.
Can an account holder apply for YES Bank FD via Internet Banking?
Yes, an account holder can easily apply for YES Bank FD via Internet Banking.
