Yes Bank RD interest rates are one of the best in the market if you are thinking to go for a recurring deposit. Moreover, Yes Bank also offers NRE RD scheme along with regular RD Scheme and the interest rates depend on the deposit tenure and other conditions. The minimum tenure for a Yes Bank RD is 6 months and the maximum being 10 years. The Yes Bank Interest Rates on RD ranges from 7.25% to 7.75%. Not to mention, senior citizens can avail a greater rate of interest; the bank provides an extra 0.50% over the regular rate of interest to people who have more than 60 years of age.

Interest Rates on Yes Bank RD

Tenure Rate of Interest p.a. Rate of Interest p.a. for Senior Citizens 
6 Months 6.85% 7.35%
9 Months 7.15% 7.65%
12 Months 7.25% 7.75%
15 Months 7.25% 7.75%
18 Months 7.25% 7.75%
21 Months 7.25% 7.75%
24 Months 7.50% 8.00%
27 Months 7.50% 8.00%
30 Months 7.50% 8.00%
33 Months 7.50% 8.00%
3 years upto 10 Years 7.25% 7

Yes Bank RD Interest Rates – Special Features

  • The maximum interest rate offered by the bank is 7.25%
  • The interest on RD account is compounded annually
  • The minimum deposit amount in Yes Bank is Rs. 1000
  • Senior citizens can avail RD interest rate up to 7.75%
  • There is no cap on the maximum deposit amount
  • The tenure of Yes Bank RD ranges from 6 months to 120 months
  • TDS deductions are as per the existing tax rules at the time of opening the account

Premature Withdrawal of Yes Bank RD Amount 

Premature withdrawal of Yes Bank RD is available. However, the bank might charge a nominal penalty amount on the interest accrued. Also, partial withdrawal of RD account is not allowed.

Types of Yes Bank RD Deposits – Term Wise

Yes Bank Short-Term RD Interest Rates

A Yes Bank RD account held for a short time ranging from a minimum tenure of 6 months to 9 months offers an interest rate of 7.25%. If the account is opened for 12-15 months, the interest rate offered is 7.75%, given that the deposit is less than 1 crore.

Yes Bank Medium and Long Term Recurring Deposit Interest Rates

A Yes Bank Recurring Deposit account can also be opened for a medium-term with tenure ranging from 18 to 21 months and for a long term of 24 months to 10 years (120 months). A deposit with tenure ranging from 18 months to 21 months, the interest rate offered on RD is 7.75%, given that the deposit is worth less than 1 crore. For deposits less than 1 crore and with the tenure ranging from 24 months to 10 years, the interest rate offered is 7.75%.

Yes Bank RD Rates for Senior Citizens

As mentioned earlier also, additional benefits are provided to senior citizens by Yes Bank in the form of a surplus interest rate of 0.50% on the regular interest rates. An RD account opened for a tenure of 6 to 9 months can provide an interest rate of 7.75% and for 12-15 months, an interest rate of 8.255 can be availed.

Yes Bank RD Interest Rates for NRI/NRE Accounts

NRE Recurring Deposit scheme of Yes Bank offers an interest rate of 7.75% for installments up to a maximum of Rs. 14,99,900 for a tenure of 1 year to 10 years.

Frequently Asked Questions

What is minimum eligibility to open a Yes Bank RD account?

Any individual who is an Indian resident and HUF (Hindu Undivided Families). NRIs are also eligible for an RD account through NRO and NRE accounts. Yes Bank also provides an RD scheme for minors (less than 10 years of age) under the guardianship of parents to monitor their finances.

What is the General Tenure of Yes Bank RDs?

A Yes Bank RDs general tenure ranges from 6 months to 120 months.

Does Yes Bank provide a nomination facility?

Yes, it provides a nomination facility.

Although, only one nominee is allowed per account whether it’s in a single name or joint name.

Are Premature withdrawals allowed in Yes RD accounts?

In case you are withdrawing the amount before the maturity a nominal penalty charge on the interest accrued (say 1 to 2%) will be levied by the bank and the account will be closed. The minimum lock-in period of Yes Bank RD account is 3 months and within that period, if the premature withdrawal takes place, the depositor will not be getting any interest and only the principal amount is transferred to the source account. Moreover, apart from the canceled interest, any incentives offered are also retrieved.

Does Yes Bank allow partial withdrawal of the RD account?

Partial withdrawal of RD is not allowed by Yes Bank. However, some banks offer the facility to obtain a loan by keeping the RD as collateral.


With reference to the current Yes Bank RD rates, it is clearly evident that an RD account in Yes Bank can reap great benefits to your investment. Being one of the leading private sector banks, one can place its trust in this bank. An RD account can help you in saving a substantial amount of money eventually which can be used in any emergency. However, it is recommended to read and understand all the terms and conditions before proceeding with the investment part. If you want to get higher returns in the long term, you can also opt for other investment vehicles like mutual funds, stocks, bonds, and others.