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Yes Bank RD Interest Calculator

RD Calculator Yes Bank in India Jan 2021

Last Updated 07th Jan 2021

Tenure General Rates Senior Citizen Rates
6 months to 8 months 29 days 7.10% 7.60%
9 months to 364 days 7.00% 7.50%
1 year to 10 years 7.25% 7.75%

    Calculate RD Maturity Amount of All Banks in India

    Yes Bank RD Calculator
    Investment Offers with High Returns offerOffers
    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.85%60 MonthsAPPLY
    PNB Housing Finance FD6.95%120 MonthsAPPLY
    DBS Bank Savings Account5.00%N.A.APPLY

    Yes Bank Recurring Deposit Calculator

    Yes Bank, a leading Private Bank in India offers attractive interest rates upto 7.25% on its Recurring deposits.
    RD maturity amount that you will get depends upon

    • Deposit amount
    • Rate of interest
    • RD tenure
    • Compounding frequency
    • TDS applicability and TDS rate

    Yes Bank Recurring Deposit Interest Calculator

    • 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 same across the life of the deposit. On maturity of RD, 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 RD maturity amount using the RD calculator.

    Tax on Recurring Deposit Yes Bank

    • In case the interest earned by you across all your recurring deposits across all branches of Yes Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Yes Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
    • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your Yes Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
    • Yes Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

    Yes Bank RD interest rate calculator – Check your city

    • Keep your KYC documents - PAN card, address proof and photo ready.
    • To know more or apply, contact any of the branches of Yes Bank in your city

    FAQs

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

    You can earn a maximum interest of 7.25% on Yes Bank recurring deposit.

    Are there any extra benefits for senior citizens on fixed deposit of Yes Bank?

    Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in Yes Bank.

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    Yes Bank News - Jan 2021
    • 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.
    • 2020-07-28 : 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.
    *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
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