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Yes Bank offers multiple fixed deposit schemes to both regular and senior citizens to secure their surplus money for a fixed tenure. A fixed deposit is the perfect investment option for those who want to safeguard a fixed sum of money for the future, and with attractive Yes Bank FD interest rates, this becomes even easier. The bank provides fixed deposit schemes for a tenure starting from a period of 7 days (short term) to 10 years (long-term).

Yes Bank FD Rates 2020

TenureGeneral Citizen FD RatesSenior Citizen FD Rates
7 days to 45 days5.00%5.50%
46 days to 90 days6.25%6.75%
3 months to 5 months 29 days6.25%6.75%
6 months to 8 months 29 days6.85%7.35%
9 months to 364 days7.15%7.65%
12 months 10 days to 12 months 20 days7.40%7.90%
18 months 8 days to 18 months 18 days7.40%7.90%
1 year to 10 years7.25%7.75%
2 years to 3 years7.50%8.00%

Types of Yes Bank Fixed Deposit 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

Eligibility

Indian residents of age 60 and above

Yes Bank FD Premature Withdrawal

Yes Bank allows its customers to withdraw the FD amount before the maturity period. However, if the Customer prematurely withdraws the deposit, the interest rate prevailing at the date of deposit, for the period for which deposit was with the Bank shall be payable (subject to applicable penalties on the date of booking of this deposit)

Yes Bank Fixed Deposit Rates – Special Features 

  • 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

Yes Bank FD Calculator

At any point in time, if you want to calculate the maturity value of your fixed deposit amount, you can use the Yes Bank Fixed Deposit calculator available over the internet. All it asks for some basic details pertaining to the FD account such as the tenure, rate of interest and the deposit amount.

Term-wise Yes Bank Fixed Deposit Interest Rate

Yes Bank Fixed Deposit Term wise Interest Rates

One of the best ways of securing your money and earn a profit is to invest your surplus earnings in Fixed Deposits. Depending on the tenures, Yes Bank FDs are further categorized as short-term, medium-term, and long-term deposits.

Short-term Deposits: For Yes Bank FDs with tenure ranging from 7 days to 12 months, the interest rate ranges from 5.00% p.a. to 7.15% 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 7.25%

Long-term Deposits: These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 7.25%.

Yes Bank Fixed Deposit – FAQs

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?

Yes Bank FD tenure ranges from 7 days to a maximum of 10 years.

What are the interest frequency options available for customers?

Customers can opt for monthly, quarterly or at maturity interest payout (for FDs with less than 6 months tenure)

How to open a fixed deposit account with Yes Bank?

Customers can book an FD with Yes Bank through Net banking (if you are an existing Yes Bank customer), Phone Banking or by visiting any nearest Yes Bank branch.

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