Adding fixed deposits to your portfolio is a great way of mitigating the risks of your investment and keeping it secure. Fixed deposits are a smart investment instrument and popular among investors of all ages and risk appetites.
Many financial institutions offer fixed deposits that you can choose from and invest securely. Among these is the YES BANK Fixed Deposit which offers competitive interest rates, flexible investment tenors, and numerous beneficial features.
Read on to learn about the YES BANK FD, its current interest rates, and more.
As a prominent private financial institution, YES BANK offers a variety of banking products and services. Among these services is the YES BANK Fixed Deposit which allows you to safely deposit your funds for a predetermined term at a fixed interest rate.
YES BANK offers numerous FD schemes that you can choose from based on your investment preferences. You can choose an FD term ranging from 7 days to 10 years. Since the returns are also independent of market fluctuations, you can earn assured returns on your investments.
Here are the YES BANK FD interest rates for senior and non-senior citizens (applicable to deposits of under ₹2 Crores).
Tenor |
Interest Rate for Non-senior Citizens (p.a.) |
Interest Rate for Senior Citizens (p.a.) |
7 Days to 14 Days |
3.25% |
3.75% |
15 Days to 45 Days |
3.70% |
4.20% |
46 Days to 90 Days |
4.10% |
4.60% |
91 Days to 120 Days |
4.75% |
5.25% |
121 Days to 180 Days |
5.00% |
5.50% |
181 Days to 271 Days |
6.10% |
6.60% |
272 Days to < 1 Year |
6.35% |
6.85% |
1 Year to < 18 Months |
7.25% |
7.75% |
18 Month < 24 Months |
7.50% |
8.00% |
24 Months to < 36 Months |
7.25% |
7.75% |
36 Months to < 60 Months |
7.25% |
8.00% |
60 Months |
7.25% |
8.00% |
60 Months 1 Day to < 120 Months |
7.00% |
7.75% |
*Disclaimer - The interest rates mentioned are effective as of 04th Oct 2023 and are subject to change at the bank's discretion. ** The interest rates for senior citizens are applicable only for resident customers only.
The YES BANK NRI FD rates and terms are different from those applicable to Indian citizens. Here are the YES BANK NRE FD rates.
Investment Tenor |
Interest Rates (p.a.) |
1 Year to < 18 Months |
7.25% |
18 Months to < 24 Months |
7.50% |
24 Months to < 60 Months |
7.25% |
60 Months |
7.25% |
60 Months 1 Day to < 120 Months |
7.00% |
*Disclaimer - The interest rates mentioned are effective as of 04th Oct 2023 and are subject to change at the bank's discretion.
Investment Tenor |
Interest Rates (p.a.) |
7 Days to 14 Days |
3.25% |
15 Days to 45 Days |
3.70% |
46 Days to 90 Days |
4.10% |
91 Days to 120 Days |
4.75% |
121 Days to 180 Days |
5.00% |
181 Days to 271 Days |
6.10% |
272 Days to < 1 Year |
6.35% |
1 Year to < 18 Months |
7.25% |
18 Months < 24 Months |
7.50% |
24 Months < 60 Months |
7.25% |
60 Months |
7.25% |
60 Month 1 Day to < = 120 Months |
7.00% |
*Disclaimer - The interest rates mentioned are effective as of 04th Oct 2023 and are subject to change at the bank's discretion.
YES BANK offers various types of fixed deposits that you can invest in. Check out the different FD schemes offered by the bank. You can also leverage the YES BANK tax saver FD interest rate to earn lucrative returns while saving on taxes.
Assured returns
Tenors ranging from 7 days to 10 years
Re-investment option
Monthly/quarterly payout options
Reduces your tax liability
Tax exemption u/s 80C of the Income Tax Act
High return on investments for both NRIs & PIOs
Interest earned from tax in India
Flexible tenors ranging from 1 to 10 years
Here is an overview of the features of a YES BANK Fixed Deposit.
Flexibility of choosing a suitable tenor between 7 days and 10 years
Versatile options for interest payouts
Attractive facilities like renewal and overdraft
Special tax saver deposit plan where you enjoy the same tax saver FD interest rate, along with reducing your tax liability
Here is the list of entities that can invest in the YES BANK Fixed Deposit.
Residents
Sole Proprietorship Firms
Hindu Undivided Families (HUFs)
Family trusts
Associations, clubs, and societies
Now that you know the YES BANK Fixed Deposit rates and how these FDs work, opt for a suitable tenor to earn the returns you desire. You can book your FD completely online right away by starting the process on Bajaj Markets.
Fixed Deposit Rates for Other Banks |
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YES BANK Fixed Deposit rates go up to 7.50% p.a. for regular citizens and up to 8.00% p.a. for senior citizen investors on investments of up to ₹2 Crores. It is essential to remember that these interest rates are subject to change, based on the investment terms and the type of FD you choose.
Yes, the Deposit Insurance and Credit Guarantee Corporation (DICGC) cover of up to ₹5 Lakhs, including principal and interest, is available for bank fixed deposits. With any YES BANK Fixed Deposit, you get adequate safety of your deposited funds. You can invest in any YES BANK FD of your choice and start earning lucrative returns via the current rates.
The investment tenor for a YES BANK Fixed Deposit depends on the scheme that you choose. For regular fixed deposits, the tenor ranges from 7 days to 10 years.
Generally, the documents required for opening a YES BANK FD are your Aadhaar card, driving license, passport, government ID, and senior citizen ID card (for seniors).