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. FDs are a smart investment instrument that is popular among investors of all ages and risk appetites.

Many issuers 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 tenor, and numerous beneficial features.

Here are the applicable interest rates for an FD at YES Bank for deposits of under ₹2 Crores: 

*Disclaimer - The interest rates mentioned are effective as of 21st November 2023 and are subject to change at the bank's discretion. 

**Senior Citizen rates are applicable for resident customers only.

The YES Bank NRE FD interest rates and terms are different from those set for Indian citizens. 

1. For NRO FDs under ₹2 Crores

*Disclaimer - The interest rates mentioned are effective as of 21st Nov 2023 and are subject to change at the bank's discretion.

2. For NRE FDs under ₹2 Crores:

*Disclaimer - The interest rates mentioned are effective as of 21st Nov 2023 and are subject to change at the bank's discretion.

YES Bank offers various types of fixed deposits that you can invest in: 

1. Domestic Deposits

• Assured returns

• Tenors ranging from 7 days to 10 years

• Re-investment option

• Monthly/quarterly interest payout options

2. Tax-saver Deposits

• Reduces your tax liability

• Tax exemption u/s 80C of the Income Tax Act, 1961

3. NRE Deposits

• High return on investments for both NRIs & PIOs

• Interest earned is exempt 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 auto-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’s a step-by-step guide to investing in this FD on Bajaj Markets:

1. Fill in your personal information like your name, date of birth, etc.

2. Validate your application with an OTP that will be sent to you

3. Click on ‘Proceed’

A notification will appear on the screen, informing you that a representative will reach out to you to complete the FD booking process. 

The customer understands and confirms that opening of the account and/or availing any services from YES Bank Limited (the “Bank”) shall be subject to the terms and conditions stipulated by the Bank. Bank shall not be liable or responsible for any offers or commitments made by any third party, including any affiliate partner, with respect to any services/products offered by the Bank. The Bank has not authorized any third party to collect any charges/commission/fee for the products/services offered by the Bank and shall not be liable for any such charges/commission/fee charged by such third parties for the same. For any further clarifications or queries or if you have any grievances, you may contact us at yestouch@yesbank.in