YES BANK Fixed Deposit

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).

*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.

For NRE FDs under ₹2 Crores:

*Disclaimer - The interest rates mentioned are effective as of 04th Oct 2023 and are subject to change at the bank's discretion.

 For NRO FDs under ₹2 Crores:

*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.

1. Domestic Deposits

• Assured returns

• Tenors ranging from 7 days to 10 years

• Re-investment option

• Monthly/quarterly payout options

2. Tax-Saver Deposits

• Reduces your tax liability

• Tax exemption u/s 80C of the Income Tax Act

3. NRE Deposits

• 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.