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Yes Bank FD Interest Rates 2021

Yes Bank FD Interest Rates

Last Updated 19th Jul 2021

When it comes to the FD interest rate, the highest rate offered on Yes Bank FD is 6.50%. Latest Yes Bank FD interest rate for senior citizens, on the other hand ranges between 3.75% to 7.25%.

Tenure FD interest rates Senior Citizen FD interest rates
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.50% 4.00%
46 days to 90 days 4.00% 4.50%
3 months to 5 months 29 days 4.50% 5.00%
6 months to 8 months 29 days 5.00% 5.50%
Earn upto 6.95% on FD APPLY NOW

Yes Bank Fixed Deposit Features

Yes Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of Yes Bank Fixed Deposit are:

  • Deposit Amount : Yes Bank FD can be opened with an amount as a low ₹ 10,000 to up to 2,00,00,000.
  • FD Tenure : Ranges between 7 days to 10 years.
  • Interest Rate Range : 3.25% p.a. to 6.50% p.a.
  • Senior Citizens FD Rate : 3.75% p.a to 7.25% p.a.
  • Highest Interest Rate : As per today’s rate, Yes Bank’s highest interest rate on FD is 6.50% offered for a tenure of 10 years.
  • Safety of Yes Bank Deposits : Yes Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : Yes Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Regular Fixed deposits , PNB Tax Saver Fixed Deposit

Yes Bank FD Interest Rates Today

Interest rates on Yes Bank deposits are updated regularly by the Government of India. The following are updated Yes Bank FD interest rates 2021:

Tenure Interest Rate
7 days to 14 days 3.25%
15 days to 45 days 3.50%
46 days to 90 days 4.00%
3 months to 5 months 29 days 4.50%
6 months to 8 months 29 days 5.00%
9 months to 364 days 5.25%
1 year to 1 year 364 days 6.00%
2 years to 3 years 6.25%
3 years to 10 years 6.50%

Yes Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, Yes Bank offers a higher interest rate to senior citizens than the general public. Listed below are the Yes Bank fixed deposits interest rates for senior citizens 2021:

Tenure Interest Rate for senior citizens
7 days to 14 days 3.75%
15 days to 45 days 4.00%
46 days to 90 days 4.50%
3 months to 5 months 29 days 5.00%
6 months to 8 months 29 days 5.50%
9 months to 364 days 5.75%
1 year to 1 year 364 days 6.50%
2 years to 3 years 6.75%
3 years to 10 years 7.25%

Best FD Plan as per Yes Bank FD Rates

To invest in Yes Bank fixed deposit, you must compare Yes Bank Fixed Deposit Rates for varying tenures. Yes Bank FD Interest Rates 2021 are best for the deposits with a tenure of 3 years to 10 years, wherein the current Yes Bank Fixed Deposit Interest Rates is 6.50 p.a.

If you are looking to invest in short term deposits with Yes Bank, the interest rate of Yes Bank for FD ranges from 3.25% p.a. to 5.25% p.a. These deposits are known as short term deposits and are offered with a tenure of 7 days to less than 365 days. Short term Yes Bank Fixed Deposit Rates for senior citizens range from 3.75% to 5.75% p.a.

If you want to invest in long term deposits, Yes Bank Fixed Deposit Rates with tenure ranging from 5 years to 10 years are a good choice with interest rates on deposits at 6.50%.Yes Bank Senior citizens FD Rates are offered at special rates with the highest deposit rates of7.25% p.a. on long term FDs.

Below-mentioned is some of the benefits of opening an FD account in Yes Bank:

  • Interest on deposit is paid only at the time of the maturity
  • Yes Bank also offers a nomination facility on its fixed deposits.
  • Extra interest of 0.25% to 0.50% is payable to the senior citizens.
  • Availability of auto-renewal facility on the deposit.
  • Earn higher returns on the money deposited.

Yes Bank Fixed Deposit Rate Trends

Yes Bank has cut interest rates on fixed deposits with effect from 08 Jun, 2021. The new Yes Bank highest FD rate is currently at 6.50%, which is an decrease of 0.25% from the previous highest rate of 6.75%. Currently, Yes Bank FD rate for upto 1 year is 3.25% and 6.50% for 5 year FD.

Documents required to open Fixed Deposit Account in Yes Bank

  • KYC documents and passport size photographs
  • Age proof (Birth certificate, matriculation certificate, etc,)
  • Passport size photographs
  • Bank A/c details

Yes Bank Fixed Deposit Rates – Premature Withdrawal

You can close your Yes Bank FD account prematurely, however Yes Bank charges a penalty of Nil for premature withdrawal. Also, The penal provisions for premature closure on Yes Bank FD are subject to change from time to time and may also vary with deposit schemes.

Loan against Fixed Deposit Yes Bank

Yes Bank offers loans up to 90% against its own deposit. Note that Yes Bank will not give you loan against FD of any other bank. Yes Bank offers Loan against FD at the rate of 4.25% to 7.5%

Illustration - Mr. Rahul has opened a fixed deposit of ₹ 1,00,000 for 2 years in Yes Bank. The borrower later decided to take a loan against his FD. The bank has approved a credit limit of 90% against his FD at 10% interest rate. Now, if the borrower draws ₹ 90,000 on the first of the month and then repays the money on the 1st of next month, then he is supposed to pay the interest on ₹ 90,000 available for 1 month only. The amount he repays after 1 month is ₹ 90,744. So, the interest charged on the loan taken is ₹ 744.

FD Account Opening Process at Yes Bank

To open an Yes Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of Yes Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the Yes Bank FD after reading the terms and conditions.

To open a Fixed Deposit account in Yes Bank, you can visit the official website and login to your account. Choose the Fixed Deposit option from the menu and select the Type of FD you want to open and proceed. After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency. Click on Submit to open the Yes Bank FD after reading the terms and conditions.

Nomination Facility on Yes Bank FD

Yes Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an Yes Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

Yes Bank Fixed Deposit Scheme

Regular Fixed deposits

Description:

  • The scheme has been designed to help the resident individuals invest in the deposit to earn attractive and higher returns along with flexibility and security.
  • Reinvestment options available after the completion of tenure of 6 months
  • Provides Option to link with saving A/c and avail sweep-in facility.
  • Overdraft facility available for FD of above Rs. 50,000.
  • Premature withdrawal facility available, Available; a penalty of 0.5% is applicable for the FD with tenure of 182 days and more.
  • Nomination facility available.
  • Senior citizens are offered an additional interest of 0.50% over the standard rates.

Who is eligible?

  • All Indian Residents can apply for this fixed deposits, such as Individuals, HUFs, or joint investors.
PNB Tax Saver Fixed Deposit

Description:

  • The scheme has been designed to help the resident individuals to save their money on tax and derive effective yields and returns on their fixed deposit. An investor can claim a deduction of a maximum of Rs. 1. 5 lakh by investing in Yes Bank tax saver fixed deposits.
  • Tax exemption up to Rs. 1.5 lakh
  • It has a lock-in period of 5 years
  • Joint account facilities available Joint account facilities available.

Who is eligible?

  • All Indian Residents can apply for this fixed deposits, such as Individuals, HUFs, or joint investors.

FAQs

What is the highest fixed deposit interest rate for Yes Bank?

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

Are there any special rates for senior citizens FD of Yes Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 3.25% to 6.50%. Compared to this, Yes Bank senior citizens FD are in the range of 3.75% to 7.25%.

What are the current Yes Bank FD interest rates 2021?

Current interest for FD in Yes Bank ranges between 3.25% - 6.50%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with Yes Bank?

The minimum deposit amount required to book an FD with Yes Bank is ₹ 10,000.

Did Yes Bank increase FD rates in 2021?

No, Yes Bank has reduced its Fixed Deposit rates by upto 0.25%. The best rate on Yes Bank FD has been cut to 6.50% from 6.75% earlier. The fixed deposit rates of Yes Bank are now in the range of 3.25% to 6.50% with effect from 08 Jun, 2021.

Is it possible to change the tenure of my existing fixed deposit account with Yes Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with Yes Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in Yes Bank?

Yes, you can submit your application for opening an FD account on the website of Yes Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in Yes Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 6.50%. For Yes Bank FD the number of years in which your FD will get doubled is; 72/6.50 = 11

What is the interest of 1 lakh in the Yes Bank?

The interest on Yes Bank fixed deposit depends on the tenure of the FD for which it is deposited. Below mentioned is the Yes Bank FD interest rate 2021 across different tenures.

TenureInterest Rate
7 days to 14 days 3.25%
15 days to 45 days 3.50%
46 days to 90 days 4.00%
3 months to 5 months 29 days 4.50%
6 months to 8 months 29 days 5.00%
9 months to 364 days 5.25%
1 year to 1 year364 days 6.00%
2 years to 3 years 6.25%
3 years to 10 years 6.50%


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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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