Yes Bank Offers Up To 7.25% Interest On FD Post Latest Revision: Check New Rates Here
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Yes Bank Regular Fixed Deposit
Following the most recent modification, the private lender now provides a 3.25 percent interest rate on deposits maturing in 7 to 14 days, 3.5 percent on deposits maturing in 15 to 45 days, and 4% on deposits maturing in 46 to 90 days. On term deposits maturing in 3 months to less than 6 months, Yes Bank offers 4.5 percent, and on deposits maturing in 6 months to less than 9 months, the bank now offers 5%. Yes Bank offers a 5.25 percent interest rate on FDs with maturity duration of 9 months to less than one year. Term deposits with a maturity of one year to less than two years will generate a 6% interest rate. Deposits maturing in 3 years to 10 years will offer 6.50 percent interest to the general public, while FDs maturing in 2 years to less than 3 years would offer 6.25 percent.
| Tenor | Regular | |
|---|---|---|
| Interest Rates | Annualised 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 to 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, Rates for less than 2 Crore w.e.f 5th August 2021 |
Yes Bank Fixed Deposit Rates For Senior Citizens
On their deposits of less than Rs 2 Cr, senior citizens will get an additional card rate of 0.50% respectively across a maturity period of 7 days to less than 3 years. For deposits maturing in 3 years to less than 10 years, the bank is offering an additional rate of 0.75% to senior citizens. Post the most recent revision, the private lender is now offering the following interest rates on term deposits to senior citizens.
| Tenor | Senior Citizen | |
|---|---|---|
| Interest Rates | Annualised 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 to 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, Rates for less than 2 Crore w.e.f 5th August 2021 |
Penalty Structure On Fixed Deposits of Yes Bank
On all new and renewed FDs made on/ after 5th July 2019 for an amount of less than Rs 5 Crs, a premature penalty will be applied to all categories of customers, including individuals, non-individuals, senior citizens, and others. According to the bank, below-listed premature FD withdrawal penalty interest shall be imposed for partial and full withdrawals, including a sweep in if any.
| Tenure of Fixed Deposit (Completed) | Penalty |
|---|---|
| Less than equal to 181 days | Nil |
| 182 days and above | 0.50% |
| Source: Bank Website |
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