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Yes Bank FD Calculator

Yes Bank Fixed Deposit Interest Calculator

Last Updated 19th Jul 2021

Yes Bank FDs have tenures ranging from 3 years to 10 years with maximum rate of interest of 6.50%. Interest rates for senior citizens are higher than the normal rates and ranges upto 7.25%.

Tenure Rates Maturity Amount for ₹ 1 Lakh
7 days to 14 days 3.25% to 3.75% ₹ 1,00,062 - ₹ 1,00,144
46 days to 90 days 4.00% to 4.50% ₹ 1,00,504 - ₹ 1,01,110
3 months to 5 months 29 days 4.50% to 5.00% ₹ 1,01,125 - ₹ 1,02,498
6 months to 8 months 29 days 5.00% to 5.50% ₹ 1,02,516 - ₹ 1,04,162
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Yes Bank Fixed Deposit Calculator

Yes Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in Yes Bank. Bank may allow higher interest rate on larger deposits. Yes Bank offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. Yes Bank offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by Yes Bank is 6.50% for deposit amount below Rs. 1 crore corresponding to a deposit tenure of 3 years to 10 years.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 3.25% for a 3 years FD and a rate of 6.50% for a 10 years FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 3.25%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      Yes Bank calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

Yes Bank Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, Yes Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Yes Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

FD Maturity Calculator

The interest earned on a fixed deposit in Yes Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on Yes Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of Yes Bank FD.

Suppose if you make an investment of ₹ 1,00,000 in Yes Bank FD for a 5-year tenure at an interest rate of 6.50% for depositors below 60 years and 7.25% for senior citizens. The maturity amount for this deposit amount is ₹ 1,38,042 and the total interest earned is ₹ 38,042 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 43,226 which is higher. The maturity schedule of Yes Bank FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 6.50% for Citizens below 60 years and at 7.25% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2021 ₹ 3,276 ₹ 1,03,276 ₹ 3,658 ₹ 1,03,658
2022 ₹ 6,878 ₹ 1,10,154 ₹ 7,722 ₹ 1,11,380
2023 ₹ 7,336 ₹ 1,17,490 ₹ 8,297 ₹ 1,19,677
2024 ₹ 7,825 ₹ 1,25,315 ₹ 8,915 ₹ 1,28,592
2025 ₹ 8,346 ₹ 1,33,661 ₹ 9,579 ₹ 1,38,171
2026 ₹ 4,379 ₹ 1,38,040 ₹ 5,054 ₹ 1,43,225

Yes Bank FD Calculator Formula

Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on Yes Bank FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

Other Investment Calculators

FAQs

What is the highest interest earned on Yes Bank fixed deposit?

You can earn a maximum interest of 6.50% on Yes Bank fixed deposit.

How is Yes Bank FD interest calculated?

The formula to calculate interest on Yes Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

How many years FD will double in Yes Bank?

The growth of Yes Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in Yes Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Yes Bank.

What are the minimum and maximum amounts that I can invest in an Yes Bank FD?

The minimum investment limit in Yes Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.


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Yes Bank News - Jul 2021
  • 2021-05-21 : Yes Bank revised its fixed deposit rates
    Yes Bank changed its FD rates with effect from 12 May 2021. The rate for 7 to 14 days is 3.50%, it is 3.75% for 15 to 45 days, for 46 to 90 the rate stands at 4.25% and for three months to 5 months 29 days the rate is 4.75%. Further, the rate for six months to 8 months 29 days is 5.25%, for 9 months to 364 days it is 5.50% and for 1 year to 1 year 364 days it is 6% and the rate for 2 to 3 years is 6.25%. The FD rates for the tenure of 3 years to 10 years stands at 6.50%.
  • 2021-03-09 : YES Essence, a holistic banking proposition for women launched
    YES Bank launched YES Essence, a holistic banking proposition for women across different customer segments. YES Essence provides offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment. The banking proposition is aiming to aid women to fulfil their aspirations.
  • 2021-02-16 : FD rates for Yes Bank revised
    Yes Bank changed its FD rates with effect form 8 February 2021. The rate for 7 to 14 days is 3.50%, it is 4% for 15 to 45 days, for 46 to 90 the rate stands at 4.50% and for three months to 5 months 29 days the rate is 5%. Further, the rate for six months to 8 months 29 days is 5.50%, for 9 months to 364 days it is 5.75% and for 1 year to 1 year 364 days it is 6.25% and the rate for 2 to 3 years is 6.50%. The FD rates for the tenure of 3 years to 10 years stands at 6.75%.
  • 2021-01-06 : Yes Bank reported 1.3% quarterly growth in loans and advances
    Yes Bank registered 1.3% quarter-on-quarter growth in loans and advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans to Rs 1.69 lakh crore during the December quarter. Deposits which include fixed and recurring deposits grew 7.7% to Rs 1.46 lakh crore. Further, the current account and savings account deposits grew 12.6% to Rs 37,973 crore.
  • 2020-12-21 : Revised FD rates for Yes Bank
    Yes Bank changed its FD rates. The rate for 7 to 14 days is 3.50%, it is 4% for 15 to 45 days, for 46 to 90 the rate stands at 4.50% and for three months to 5 months 29 days the rate is 5%. Further, the rate for six months to 8 months 29 days is 5.50%, for 9 months to 364 days it is 5.75% and for 1 year to 3 years the rate is 6.50%. The FD rates for the tenure of 3 years to 10 years stands at 6.75%. The revised rates are in effect from 8 December 2020.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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