YES Bank FD Interest Rates
About YES Bank Bank
| Started On | 2004 |
| Head Quarters | Mumbai |
| CRISIL Rating | NA |
| CEO | Prashant Kumar |
| Listed on exchange as | Yes Bank Ltd. |
| ICRA Rating | NA |
YES Bank FD Rates 2025
| Tenure | Regular customers | Senior citizens | |
|---|---|---|---|
7 days - 14 days | 3.25% | 3.75% | |
15 days - 45 days | 3.70% | 4.20% | |
46 days - 90 days | 4.10% | 4.60% | |
91 days - 120 days | 4.75% | 5.25% | |
121 days - 180 days | 5.00% | 5.50% | |
181 days - 271 days | 6.10% | 6.60% | |
272 days - less than 1 year | 6.35% | 6.85% | |
1 year 1 day - less than 18 months | 7.50% | 8.00% | |
18 months | 7.75% | 8.25% | |
18 months 1 day - less than 24 months | 7.75% | 8.25% |
Features and Benefits of YES Bank FD
- The tenure ranges from 7 days to 10 years
- The highest rate of interest provided by the bank is 7.50%
- Senior citizens get an additional interest of 0.50% over the regular rates
- The minimum amount needed to open a Yes Bank FD account is Rs. 10,000
- Loan can be availed against the FD
- Yes Bank FD interest rate depends on the tenure of the deposit and the principal amount
- The bank provides a wide range of deposit options such as Resident FD, Tax Saver FD and, Senior Citizen FD
- Interest on Yes Bank FD is calculated quarterly
Types of YES Bank FD Schemes
Resident Fixed Deposit
- Tenure under this FD scheme ranges from 7 days to 10 years
- Loan/overdraft facility against the RD is provided by the bank
- Auto-renewal facility is available
- Inter-city banking facility is available
- Eligibility Criteria
- Any resident individual, HUFs, companies, partnership firm/sole proprietorship, family trusts, associations, clubs, and societies are eligible.
Yes Bank Tax Saver FD
- Tax saver FD of Yes Bank has a lock-in period of 5 years
- Depositors can enjoy tax exemption under Section 80C of the Income Tax Act, 1961
- Joint account facilities available
- Premature withdrawal facility is not provided
- Loan against FD is not provided
- Eligibility Criteria
- Any resident individual, HUFs, companies, partnership firm/sole proprietorship, family trusts, associations, clubs, and societies are eligible.
Yes Bank Senior Citizens FD Scheme
- Yes Bank provides an extra 0.50% interest rate to senior citizens over regular Yes Bank FD rates.
- The senior citizens’ interest rate range from 5.50% p.a. to 8.00% p.a depending on the tenure
- Joint account facility is available provided the first account holder is a senior citizen
Term wise YES Bank Fixed Deposit Rates
Short-term Deposits
For Yes Bank FDs with tenure ranging from 7 days to 12 months, the interest rate ranges from 3.00% p.a. to 5.75% p.a. These deposits are known as short term deposits as their tenure is less than 1 year.
Medium-term Deposits
Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 6.50%
Long-term Deposits
These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 6.75%.
YES Bank vs Other Banks' FD Rates
| Name | Tenure | Interest rate | |
|---|---|---|---|
Shriram Transport Finance FD | 1 year - 5 years | 7.80% - 8.60% | More Details |
DHFL FD | 1 year - 10 years | 8.25% - 8.95% | More Details |
AXIS Bank FD | 6 months - 5 years | 5.75% - 7.00% | More Details |
SBI Bank FD | 3 Months - 10 Years | 5.50% - 6.50% | More Details |
Equitas Bank FD | 7 Days - 10 years | 3.50% - 7.25% | More Details |
HDFC Bank FD | 3 months - 10 years | 4.50% - 7.00% | More Details |
ICICI Bank FD | 3 months - 10 years | 4.50% - 6.90% | More Details |
Bandhan Bank FD | 3 months - 10 years | 3.00% - 7.85% | More Details |
Canara Bank FD | 3 months - 10 years | 5.50% - 6.70% | More Details |
Post Office FD | 1 year - 5 years | 6.90% - 7.50% | More Details |
How to invest in YES Bank FD?
Here are the ways through which one can open a Yes bank FD Account-
1) NetBanking
- Visit Yes bank's website and sign in to retail net banking using your login id and password. After signing in, towards your left-hand side you will come across 'Open New Fixed Deposit'. Click on that.
- Next, select Source amount, Deposit amount, Branch name, Tenure, Nomination Required, Sweep in Required (Yes/No), and Open FD.
- An OTP will be sent on your registered mobile number and your FD will get booked.
2) Mobile App - Yes Mobile
- Sign in to Yes Mobile App.
- Choose 'Deposits' in the options.
- Choose 'Fixed Deposits'.
- Select Source Account, FD type, Deposit Amount, Tenure, Maturity Instructions, Nomination Required, Sweep in Required (Yes/No)
- Enter MPIN for validating the transaction.
3) Booking FD with Yes Robot
- Open Facebook Messenger or the Yes Bank website.
- Search for 'Yes Robot' on Facebook Messenger or click the 'Yes Robot' icon present at the bottom right of the screen on Yes bank's website.
- Say ‘Hi’ to begin chatting.
- Type 'Open FD' or 'Open Deposit'.
- Sign in using Customer ID & OTP.
- Choose the deposit type and other necessary details.
4) Phone Banking
- Call on 1800 1200
- Choose “Savings Account related query” on the IVR menu.
- Choose the option to talk with the customer care executive and book a fixed deposit.
5) Booking FD through Whatsapp
- Send “Hi” to 82912 01200 through a mobile number registered with Yes Bank.
- Choose the 'Deposits' in the main menu & then next select FD booking option.
- Enter the FD Value.
- Enter tenure in Months/Days.
- Select 'Confirm' to book your FD.
Eligibility to Open a YES Bank FD Account
All individuals belonging to any of the following categories can open a Yes Bank FD online-
- Resident Indians, including minors (legal guardian is required as co-applicant)
- Hindu undivided families
- Non-resident Indians
- Sole trader, partnership and joint stock Companies
- Co-operative societies, clubs and associations
- Family trusts
Documents Required to Open YES Bank FD
The following documents have to be submitted by applicants for successful activation of Yes Bank FD -
- KYC documents such as Aadhaar card, Voter ID, driver's license, etc. for proof of identification.
- PAN card
- Address proof documents have to be submitted in the form of KYC documents listed above, or utility bills such as electricity bill, gas bill, etc.
- In the case of companies, certification of business has to be submitted accordingly.
- The trust deed and registration certificate are required to open an FD account for family trusts.
- Associations, societies and clubs need to furnish a copy of their by-laws.
Tax on Yes Bank Fixed Deposit
An investment in Yes Bank Tax Saving FD entitles to tax saving up to Rs. 1,50,000 p.a. No other Yes Bank FDs entitle to tax saving under Section 80C of the Income Tax Act.
Also, note that the interest income from the Yes Bank Fixed Deposit is taxable according to the slab rates of income tax. Also, the interest income is subject to a TDS of 10% if the income from Yes Bank FD exceeds Rs. 40,000 p.a. For senior citizens, the limit is Rs. 50,000 p.a.
Loan Against Yes Bank FD
YES Bank provides loans against their Fixed Deposits. Investors can get up to 90% of the deposit amount as a loan against Yes Bank Fixed Deposit. YES bank offers loans at the rate between 6-8%. Moreover, the tenure of the loan is limited to the tenure of the FD.
Premature Closure of Yes Bank Fixed Deposit
YES Bank offers a premature withdrawal facility to its investors. The penalty is levied as per Yes Bank's terms and conditions. The bank permits partial withdrawals for certain requests that depend on the bank's discretion. Note that no interest payments are made for withdrawals made within 7 days from the FD booking date.
FAQs
Is there any minimum amount needed to open a Yes Bank FD account?
Is there any minimum amount needed to open a Yes Bank FD account?
The minimum deposit amount for Yes Bank FD is Rs. 10,000.
What is the minimum and maximum tenure for Yes Bank FD?
What is the minimum and maximum tenure for Yes Bank FD?
Yes Bank FD tenure ranges from 7 days to a maximum of 10 years.
What is the interest frequency options available for customers?
What is the interest frequency options available for customers?
Customers can go for monthly, quarterly or at maturity interest payout (for FDs with less than 6 months tenure)
Does Yes Bank FD provide an auto-renewal facility?
Does Yes Bank FD provide an auto-renewal facility?
Yes, the bank provides an auto-renewal facility.
Does Yes Bank Fixed deposit have any minimum tenure for reinvestment?
Does Yes Bank Fixed deposit have any minimum tenure for reinvestment?
Yes, the minimum tenure for reinvestment is 6 months and 1 day.
Is there any penalty levied in the case of premature withdrawal of Fixed Deposit?
Is there any penalty levied in the case of premature withdrawal of Fixed Deposit?
Yes, premature withdrawal penalty is applicable on Fixed Deposits which is:
- No penalty if the completed tenure is less than or equal to 181 days
- 0.50% penalty if the completed tenure is 182 days and above
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