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YES BANK Fixed Deposit Rate
Fixed Deposit (FD) is one of the ways to invest your money and grow it. It is a much sought after savings tool and a very popular financial instrument in India. Fixed Deposits offer a higher rate of earning over a simple savings bank account. Guaranteed returns make it one of the safest investment options in the market today.
A Fixed Deposit account can be opened with YES BANK with a minimum of Rs.10, 000. The maturity period ranges between 7 days and upto 10 years. It is possible to open a FD with YES BANK through online banking. YES BANK interest rates on FD are amongst one of the most competitive ones in the market.
YES BANK offers different types of fixed deposits to cater to varying needs of the people. Apart from the regular Fixed Deposit, there are options of Recurring Deposit and Green Future Deposit.
YES BANK Fixed Deposit
The regular Fixed Deposit also works as the Tax Saver Deposit. This is a 5-year tax free deposit scheme wherein one can take the benefit on tax exemption on the interest earnings. There is an option to choose from interest being quarterly calculated or compounded quarterly or monthly at discounted value. For deposits that are below 6 months tenure, the interest is calculated on maturity as Simple Interest. FDs that are worth below Rs. 1cr can be directly booked through Net Banking. For amounts above Rs.1 crore, it is mandatory to visit the bank branch.
YES BANK Green Future Deposit
YES BANK has introduced a one-of-its-kind Fixed Deposit – Green Future Deposit. The bank sets aside equivalent proceeds through this deposit and invests in Sustainable Development Goals aligned sectors. For every Green Deposit that is booked, the bank will plant a tree on behalf of the customer and a certificate with the location of the tree is issued in the depositor’s name. The bank offers a high rate of 7.85% on this deposit. In line with the concept, this deposit can be booked only through a paperless method, either Net banking or Mobile banking.
Interest Rate on YES BANK Fixed Deposit
The interest rates on FD depending on the amount invested and the tenure of the deposit. It varies from bank to bank as well. YES BANK interest rates range from 5% to 7.25% depending on the type of deposit. Fixed Deposit means that money cannot be withdrawn before the maturity period ends. One can take out the money in case of exigencies, however, banks charge penalty for it. On maturity, the bank credits the interest and the principal amount into the savings bank account. It is noteworthy that the money deposited earns the fixed rate of interest for the period of deposit unless it is a floating rate of interest.
YES BANK Fixed Deposit Rates
YES BANK Fixed Deposit rates are quite competitive in the market. However, the bank can change these rates at any time. It is important to check the prevailing FD rates before booking your deposit. The FD rates given by YES BANK have been mentioned below:
Fixed Deposit Interest Rates
RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)**
| Period | Rates for < 1 Crore w.e.f 17th Oct 2018 | |||
|---|---|---|---|---|
| Regular | Senior Citizen*** | |||
| Interest Rates | Annualised Yield^ | Interest Rates | Annualised Yield^ | |
| 7 to 45 days | 5.00% | 5.00% | 5.50% | 5.50% |
| 46 to 90 days | 7.00% | 7.00% | 7.50% | 7.50% |
| 3 months to < 6 months | 6.90% | 6.90% | 7.40% | 7.40% |
| 6 months to < 9 months | 7.10% | 7.16% | 7.60% | 7.67% |
| 9 months to < 1 Year | 7.00% | 7.12% | 7.50% | 7.64% |
| 1 Years to <= 10 years* | 7.25% | 7.45% | 7.75% | 7.98% |
*Special Rates
| 12 Months 10 Days to 12 Months 20 Days | 7.50% | 7.71% | 8.00% | 8.24% |
| 18 Months 8 Days to 18 Months 18 Days | 7.85% | 8.08% | 8.35% | 8.62% |
| 36 Months 10 Days to 36 Months 20 Days | 7.50% | 7.71% | 8.00% | 8.24% |
** Interest rates are subject to change at the sole discretion of the Bank.
*** Senior Citizen rates are applicable only for Domestic Deposits
How to Calculate YES BANK Fixed Deposit Interest
YES BANK has created an online calculator that helps in finding the maturity amount at the end of the FD tenure. It needs only basic information like the principal amount invested, tenure of the deposit and the booking date. The calculator will throw up the maturity amount which includes the interest earnings. It is a very simple and a convenient tool to use. If you have chosen the pay-out plan in the FD booking, the interest will be paid at those specific intervals. If you have chosen the reinvestment scheme, the interest is compounded on a quarterly basis and reinvested.
YES BANK FD Premature Withdrawal Penalty
It is possible to break your fixed deposit before it completes the maturity period to meet your liquidity requirements or for a financial emergency. YES BANK allows premature withdrawal of your deposit without any penalty. This is a huge advantage with YES BANK fixed deposits as most of the other banks charge penalty for a partial or full withdrawal of the deposit amount.
YES Bank Fixed Deposit Rate FAQ
1. Does YES BANK offer any special advantage to senior citizens for FD?
Yes, the bank offers an additional 0.50% on the booked FD for senior citizens.
2. What are the interest frequency options available on FD?
Interest can be calculated on a monthly, quarterly basis or at the time of maturity depending on the scheme that you choose.
3. Is overdraft facility available on FD?
Yes, the bank offers overdraft facility on the booked FD depending on the amount invested.
4. Can a non-customer of YES BANK book a deposit under the Green Future scheme?
No, a non-YES BANK customer cannot invest in this Fixed Deposit scheme. However, if you wish to, a current account or a savings account can be opened first and then the deposit can be booked.
5. Where can one see the tree planted for booking the Green Deposit?
The bank plants a tree in the name of the depositor and issues an e-certificate with the details of the location of the tree.
Latest & Update Yes Bank Fixed Deposit Rate News
YES Bank Revises Fixed Deposit Rates Effective from 3rd June 2021 18 Jun 2021
YES Bank offers a variety of fixed deposit schemes for both regular and senior customers. The bank has revised FD interest rates effective from 3rd June 2021. As per the latest revision, the interest rate for FDs starts from 3.25% and go up to 6.50%,...
Read moreYES Bank offers a variety of fixed deposit schemes for both regular and senior customers. The bank has revised FD interest rates effective from 3rd June 2021. As per the latest revision, the interest rate for FDs starts from 3.25% and go up to 6.50%, depending on the tenure. For senior citizens, the interest rates on FDs start from 3.75% and up to 7.25%.
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