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Yes Bank FD Calculator

Yes Bank Fixed Deposit Calculator 2020

Last Updated 09th Sep 2020

Yes Bank FDs have tenures ranging from 2 years to 3 years with maximum rate of interest of 7.00%. Interest rates for senior citizens are higher than the normal rates and ranges upto 7.75%.

Tenure Rates Maturity Amount for ₹ 1 Lakh
7 days to 45 days 5.00% to 5.50% ₹ 1,00,096 - ₹ 1,00,678
46 days to 90 days 5.50% to 6.00% ₹ 1,00,693 - ₹ 1,01,479
3 months to 5 months 29 days 6.00% to 6.50% ₹ 1,01,500 - ₹ 1,03,254
6 months to 8 months 29 days 6.50% to 7.00% ₹ 1,03,276 - ₹ 1,05,317
Yes Bank FD Maturity Calculator
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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 7.00% for deposit amount below Rs. 1 crore corresponding to a deposit tenure of 2 years to 3 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 5.00% for a 2 years FD and a rate of 7.00% for a 3 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 5.00%. 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 % for depositors below 60 years and % for senior citizens. The maturity amount for this deposit amount is ₹ 1,00,000 and the total interest earned is ₹ 0 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 0 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 % for Citizens below 60 years and at % 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
2020 ₹ 0 ₹ 1,00,000 ₹ 0 ₹ 1,00,000
2021 ₹ 0 ₹ 1,00,000 ₹ 0 ₹ 1,00,000
2022 ₹ 0 ₹ 1,00,000 ₹ 0 ₹ 1,00,000
2023 ₹ 0 ₹ 1,00,000 ₹ 0 ₹ 1,00,000
2024 ₹ 0 ₹ 1,00,000 ₹ 0 ₹ 1,00,000
2025 ₹ 0 ₹ 1,00,000 ₹ 0 ₹ 1,00,000

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

FAQs

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

You can earn a maximum interest of 7.00% 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 7.35%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.35 = 9.80. 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.


Yes Bank News - Sep 2020
  • 2020-07-28 : Yes Bank reported a net profit of 45. 44 crore for June quarter
    YES Bank posted a 60.05% year-on-year fall in net profit at Rs 45.44 crore for the quarter ended June 30. The Bank had posted a net profit of Rs 113.76 crore in the corresponding quarter last year. Deposits at Rs 1,17,360 crore grew 11.4% QoQ aided by 26.4% QoQ growth in current account deposits and 12.6 per cent QoQ growth in term deposits which includes fixed and recurring deposits. CASA ratio stood at 25.8%. Further, Net interest income was at Rs 1,908 crore bolstered by home, personal, gold, car and two-wheeler loan along with business and mudra loans.
  • 2020-07-07 : Yes Bank revised its FD rates
    Yes Bank changed its FD rates. The rate for 7 to 45 days is 5%, it is 5.50% for 46 to 90 days and stands at 6% for three months to 5 months 29 days. Further, the rate for six months to 364 days is 6.50%, for one year to 10 years is 6.75% and is 7% for 2 to 3 years. The revised rates are in effect from July 6 2020.
  • 2019-10-31 : Yes Bank revised FD rates
    Yes Bank revised its Fixed Deposit interest rates with effect from October 25, 2019. The revised rate for 7-45 days is 5.00%, for 46 days to 6 months the rate is 6.25%, for six months to 9 months the rate is 6.85%, the rate for nine months to 1 year is 7.15%, and for 1-10 years the revised FD rate is 7.25%. Further, the Bank announced special rates for certain tenures. For one year ten days- 1 year 20 days, the rate is 7.40%, for 18 months eight days to 18 months 18 days it is 7.40% and the rate set for 2-3 years is 7.50%.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More