Latest Yes Bank Fixed Deposit Rate of Interest 2023

Yes Bank fixed deposit interest rates ranges from 3.25% to 7.45%. Yes Bank FD tenure ranges from 7 days to 10 years.

Customers can open a Yes Bank Fixed Deposit with a minimum of Rs.10,000 to a maximum of Rs.5 Crores.

Yes Bank Fixed Deposit Rate of Interest for Domestic Term Deposits (Below Rs.2 Crores)

Yes Bank Fixed Deposit rate ranges from 3.25% to 7.45% p.a. for domestic term deposits below Rs.2 Crore.

Yes Bank FD Rate (p.a.) (w.e.f 18 June 2022)
TenurePublicSenior Citizen
7 to 14 days3.25%3.75%
15 to 45 days3.50%4%
46 to 90 days4%4.50%
3 months to less than 6 months4.50%5%
6 months to less than 9 months4.78%5.28%
9 months to less than 1 year5.06%5.58%
1 year to less than 18 months6.14%6.66%
18 months to less than 3 years6.66%7.19%
3 years to less than or equal to 10 years6.66%7.45%

Yes Bank Fixed Deposit Rate of Interest for Domestic Term Deposits (Above Rs.2 Crores)

Yes Bank Fixed Deposit rate range from 3% to 6.75% p.a. for domestic term deposits of Rs.2 Crores to less than Rs.5 Crores.

Yes Bank FD Rate (p.a.) (w.e.f 18 June 2022)
TenurePublicSenior Citizen
2Cr to < 5Cr2Cr to < 5Cr
7 to 14 days3.25%3.25%
15 to 30 days3.50%3.50%
31 to 45 days3.50%3.50%
46 to 60 days4%4%
61 to 90 days4%4%
91 to 120 days4.50%4.50%
121 to 180 days4.50%4.50%
181 to 270 days4.75%5%
271 days to less than 1 year5%5.25%
For 1 year6%6.45%
Above 12 months and less than 18 months6%6.45%
18 months to less than 2 years6.50%6.75%
2 years to less than 3 years6.50%6.75%
3 years to less than 5 years6.50%6.75%
5 years and above6.50%6.75%

Yes Bank FCNR FD Interest Rates

Yes Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EURO), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Hong Kong Dollar (HKD), and Singapore Dollar (SGD).

Yes Bank FD FCNR (B) Interest Rate (p.a.) (w.e.f 16 July 2022)
PeriodUSDGBPEUROJPYCADAUDHKDSGD
1Yr to < 2Yrs3.85%2.85%0.55%0.40%2.90%3.30%2.20%2.60%
2Yrs to < 3Yrs3.75%2.85%0.85%0.65%3%3.45%1.35%2.75%
3Yrs to < 4Yrs3.50%2.30%1%0.80%3%3.50%1.35%1.25%
4Yrs to < 5Yrs3.50%1.85%0.10%0.05%3%3.50%1.35%1.25%
5Yrs only3%1.85%0.10%0.45%3%3.60%1.35%1.25%

 

Yes Bank RFC FD Interest Rates

Yes Bank accepts RFC fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EURO), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD).

Yes Bank FD RFC Interest Rate (p.a.) (w.e.f 16 July 2022)
PeriodUSDGBPEUROJPYCADAUD
1Yr to < 2Yrs3.85%2.85%0.55%0.40%2.90%3.30%
2Yrs to < 3Yrs3.75%2.85%0.85%0.65%3%3.45%
3Yrs to < 4Yrs3.50%2.30%1%0.80%3%3.50%

 

Yes Bank NRE FD Interest Rates

Yes Bank FD NRE Interest Rate (p.a.) (w.e.f 18 June 2022)
PeriodInterest Rate
1Yr to < 18 months6.14%
18 months <= 10 years6.66%

 

Yes Bank NRO FD Interest Rates (Below Rs.2 Crores)

Yes Bank FD NR0 Interest Rate (p.a.) (w.e.f 18 June 2022)
PeriodInterest Rate
7 to 14 days3.25%
15 to 45 days3.50%
46 to 90 days4%
3 months to less than 6 months4.50%
6 months to less than 9 months4.78%
9 months to less than 1 year5.06%
1 year to less than 18 months6.14%
18 months to <=10 years6.66%

 

Types of Yes Bank FD

Traditional Fixed Deposit

Features

  • Tenure ranging from 7 days to 10 years.
  • Interest Rates are fixed for the whole of your FD tenure.
  • Overdraft facility up to 90% of your Fixed Deposit amount.
  • You can re-invest your interest amount in your FD to get quarterly compounding interest.
  • Get regular interest on monthly/quarterly/yearly basis.

Yes Bank Floating Rate Fixed Deposit

Yes Bank has recently launched a new FD scheme named Floating Rate Fixed Deposit. In this FD, Interest rates are linked to the REPO rate, unlike traditional Yes Bank FD schemes.

Features

  • Interest rates are linked to the REPO rate.
  • Overdraft facility on your FD
  • The minimum deposit amount is Rs.10,000.
  • Flexible tenure ranges from 1 year to less than 3 years.
  • Additional benefits of up to 0.50% to senior citizens.
  • Overdraft facility of up to 90 % of the principal amount.

Interest Rates For Individuals

Yes Bank Floating Rate FD Interest Rates – Regular
For less than Rs.5 Crores
PeriodCurrent Repo RateMark-up RateRate of Interest
1Yr to < 18 months4.90%1.10%6.00%
18 months < 3 years4.90%1.60%6.50%
The Mark-up rate is an additional rate of interest offered by the bank over and above the REPO rate

Interest Rate For Senior Citizens

Yes Bank Floating Rate FD Interest Rates – Senior Citizens
From Rs.10,000 to less than Rs.5 Crores
PeriodMark-up
1 Yr to less than 36 months0.50%
Yes Bank Floating Rate FD Interest Rates – Senior Citizens
From Rs.2 Crores to less than Rs.5 Crores
PeriodMark-up
1 Yr to less than 18 months0.45%
18 months to less than 36 months0.25%

Premature Withdrawal Penalty

Yes Bank Floating Rate FD Premature Withdrawal Penalty
For Less Than Rs.2 Crore
PeriodPenalty Rate
7 to 90 days3.00%
91 days to 181 days2.50%
181 days to less than 12 months2.00%
12 months to less than 36 months1.00%

Yes Bank Respect Fixed Deposit

Yes Bank Respect FD Scheme is for senior citizens only.

Features

  • Tenure ranging from 7 days to less than 3 years.
  • Additional 0.50% interest over and above regular interest rate for senior citizens on domestic deposits.
  • Sweep-in and sweep-out facilities are also available.
  • Overdraft facility up to 90% of your Fixed Deposit amount.
  • You can re-invest your interest amount in your FD to get quarterly compounding interest.
  • Get regular interest on a monthly/quarterly/yearly basis.

Yes Bank Respect Plus Fixed Deposit

Yes Bank Respect Plus FD Scheme is for senior citizens only.

Features

  • Tenure ranging from 7 days to less than 3 years.
  • Additional 0.50% interest over and above regular interest rate for senior citizens on domestic deposits.
  • Sweep-in and the sweep-out facility are also available.
  • Overdraft facility up to 90% of your Fixed Deposit amount.
  • You can re-invest your interest amount in your FD to get quarterly compounding interest.
  • Get regular interest on a monthly/quarterly/yearly basis.

Yes Bank Tax Saver Fixed Deposit

In Yes Bank Tax Saver Fixed Deposit Scheme, Depositors can claim a tax deduction of up to 1.5 lakh in a financial year.

Features

  • 5 years tenure with a lock-in period for the entire time.
  • The minimum deposit amount is Rs.10,000 per FY.
  • The maximum deposit amount is Rs.1,50,000 per FY.
  • Yes Bank Respect FD Scheme is for senior citizens only.

    • Tenure ranging from 7 days to less than 3 years.
    • Additional 0.50% interest over and above regular interest rate for senior citizens on domestic deposits.
    • Sweep-in and sweep-out facilities are also available.
    • Overdraft facility up to 90% of your Fixed Deposit amount.
    • You can re-invest your interest amount in your FD to get quarterly compounding interest.
    • Get regular interest on a quarterly basis.
    • A reinvestment option is also available.

Yes Bank FCNR (B) Fixed Deposit

Yes Bank FCNR (B) fixed deposits can be opened in 8 currencies – US Dollars (USD), British Pound Sterling (GBP), Euro (EURO), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Hong Kong Dollar (HKD), and Singapore Dollar (SGD).

Eligibility

  • NRIs and PIOs

Benefits

  • FCNR deposits are non-taxable in India.
  • Tenure ranging from 1 year to 5 year
  • Minimum 10,000 amount of foreign currency mentioned above.
  • Interest earned on fixed deposit and your fund is fully repatriable.
  • Auto-renewal facility is also available on maturity.
  • Nomination facility
  • Overdraft facility against your FCNR deposit
  • 24-hour Net Banking and Mobile Banking facility

Yes Bank RFC Fixed Deposit

Yes Bank RFC (Resident Foreign Currency) fixed deposits can be opened in 6 currencies – US Dollars (USD), British Pound Sterling (GBP), Euro (EURO), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD).

Eligibility

  • A returning NRI and becoming a resident Indian is eligible to open an RFC Deposit.

Benefits

  • Interest earned on fixed deposit and your fund is fully repatriable.
  • 24-hour Net Banking and Mobile Banking facility.
  • The attractive interest rate on RFC deposit.
  • Balance in RFC account can be freely transferred to NRE/FCNR deposits.
  • TDS will be applicable to interest earned from RFC fixed deposit.
  • One can apply for RFC deposits through YES Online.

Yes Bank NRE Fixed Deposit

Eligibility

  • NRIs and PIOs

Features

  • The minimum deposit amount is Rs.10,000.
  • Tenure ranging from 1 year to 10 years.
  • Earn interest rate up to 6.50% per annum.
  • Interest earned is tax-free in India.
  • Principle and interest are fully repatriable.
  • Automatic Renewal
  • Interest payout on a monthly and quarterly basis
  • Overdraft facility up to 90% of your FD
  • One can apply for NRE fixed deposit through YES Online, YES Mobile, or YES ROBOT. 
  • 24-hour Net Banking and Mobile Banking facilities

Yes Bank NRO Fixed Deposit

Eligibility

  • NRIs and PIOs

Features

  • The minimum deposit amount is Rs.10,000.
  • Tenure ranging from 7 days to 10 years.
  • Earn interest rate up to 6.50% per annum.
  • DTAA benefits are available for NRIs residing in select countries.
  • Interest payout on a monthly and quarterly basis
  • Overdraft facility up to 90% of your FD
  • Nomination facility
  • Automatic Renewal of your FD
  • One can apply for NRE fixed deposit through YES Online, YES Mobile, or YES ROBOT. 
  • Interest earned is subject to the tax deduction.
  • Earn reward points 

Yes Bank Premium Rupee Plan

Depositors can earn additional yield, over and above the NRE FD, by booking a forward contract against FCNR Deposits.

Eligibility

  • NRIs and PIOs

Features

  •  Get high return over and above NRE FD.
  • The minimum deposit amount is USD 25000 or its equivalent.
  • Tenure ranging from 1 year to 5 years.
  • Depositors can buy funds in any convertible currency, which will later be converted to YEN (Japanese Yen).
  • OD facility is also available against your FD amount.
  • Money is invested as FCNR FD.
  • Maturity value is freely repatriable.
  • Maturity amount is tax-free in India.

Yes Bank Premium Currency Plan

Depositors can earn additional yield, over and above the FCNR FD, by booking a forward contract against FCNR Deposits.

Eligibility

  • NRIs and PIOs

Features

  •  Get a high return over and above FCNR (B) FD.
  • The minimum deposit amount is USD 25000 or its equivalent.
  • Tenure ranging from 1 year to 5 years.
  • Depositors can buy funds in any convertible currency, which will later be converted to YEN (Japanese Yen).
  • OD facility is also available against your FD amount.
  • Money is invested as FCNR FD.
  • Maturity value is freely repatriable.
  • Maturity amount is tax-free in India.
  • Maturity proceeds in USD.

Premature Penalty for Yes Bank FD

Premature penalty on FD for less than Rs.5 Crores.

TenurePenalty Rate
w.e.f 16 May 2022*w.e.f  08 August 2022*
Less than equal to 181 days0.25%0.50%
182 days and above0.50%0.75%
* Yes Bank doesn’t charge any penalty for senior citizens fixed deposits.

 

About Yes Bank

Yes (Youth Enterprise Scheme) Bank Ltd. is a private lender in India. It provides plenty of services like Saving accounts, Fixed Deposits, Recurring Deposits, NRI services, and much more.

  • Establishment: YES Bank was incorporated on 21, November 2003.
  • Founder: The founder of Yes Bank is Rana Kapoor.
  • CEO: Prashant Kumar is Yes Bank CEO.
  • Headquarter: Mumbai
  • Email Id: yestouch@yesbank.in
  • Toll-Free Number For India: 1800 1200 

Features and Benefits of Yes Bank FDs

  • Flexible Tenure: Tenure ranging from 7 days to 10 years.
  • Versatile Interest Pay-outs: You can collect your interest in two ways. First – If you choose the Cumulative Method, your interest is re-invested in FD, and interest is paid at the end of the tenure. Second – If you choose the Non-Cumulative method, your interest is paid to you at regular intervals like monthly, quarterly, and annually.
  • Sweep-in Facility: Sweep-in facility is also available.
  • Auto-Renewal: After the maturity of your fixed deposit, Yes Bank auto-renew your facility without any hassle to you.
  • OD (Overdraft) Facility: In the hour of need, you can borrow money up to the 90% value of your FD.
  • Inter-City Banking: Yes bank allows its customers to avail of banking facilities at any branch in India.

Documents Required to Open FD in Yes Bank

Identity Proof (any one of the followings):

  • Passport
  • Aadhaar Card
  • Driving License
  • Government ID
  • Senior Citizen ID Card

Address Proof (any one of the followings):

  • Aadhaar Card
  • Driving Licence
  • NREGA Job Card
  • Passport
  • Voter ID

Other Documents:

  • Account opening form
  • Form 15(g)
  • Form 15(h)

Eligibility to Open a FD in Yes Bank

  • Resident Individuals
  • Hindu Undivided Family
  • Companies and Partnership Firms
  • Family Trusts
  • Associations, Clubs, Societies

Compare with Other Lenders

Bank NameFD Interest Rates (p.a.)Tenure
Axis BankAxis Bank2.50%-5.85%7 days to 10 year
Bank LogoAU Small Finance Bank3.75%-7.25%7 days to 10 year
Bajaj Finance Ltd.Bajaj Finance6.03%-7.40%1 year to 5 year
Bank of BarodaBank of Baroda2.75%-6.35%7 days to 10 year
Bank LogoBandhan Bank3%-7.25%7 days to 10 year
Canara BankCanara Bank2.90%-6.40%7 days to 10 year
Citibank — StoryCiti Bank1.85%-3.50%7 days to 3 year
HDFC BankHDFC Bank2.75%-6.50%7 days to 10 year
ICICI BankICICI Bank2.75%-5.75%7 days to 10 year
IDBI BankIDBI Bank2.70%-6.50%7 days to 20 year
IDFC BankIDFC Bank3.50%-6.55%7 days to 10 year
Indian BankIndian Bank2.75%-2.90%7 days to 10 year
IndusInd BankIndusInd Bank3.25%-7%7 days to 5 year
Jana Small Finance Bank gets Sebi's nod to float IPO | Markets News – India TVJana Small Finance Bank2.50%-8.15%7 days to 10 year
Savings Accounts, Personal Loans and Credit Cards - Kotak Mahindra BankKotak Mahindra Bank2.50%-6.40%7 days to 10 year
Punjab national bank LogosPNB3%-5.60%7 days to 10 year
RBL Bank Logo and Tagline -RBL Bank3.25%-6.80%7 days to 10 year
File:SBI-logo.svg - Wikimedia CommonsSBI Bank2.90%-6.30%7 days to 10 year
Ujjivan Small Finance Bank receives final license from RBI - GKTodayUjjivan Small Finance Bank2.90%-7.20%7 days to 10 year
Union Bank of India Logo and Tagline -Union Bank3%-5.80%7 days to 10 year
Yes Bank3.25%-7.45%7 days to 10 year

How to Apply for Yes Bank FD Online

1. Open Yes Bank FD with Phone Banking

Step1: Call at toll-free number 1800 1200.

Step2: Choose “Saving account-related queries”.

Step3: Select an option to contact customer care and book FD.

2. Open Yes Bank FD Through WhatsApp

Step1: With the registered mobile number, say hello to 8291201200 on WhatsApp.

Step2: Select the FD booking option from the main menu – Deposits.

Step3: Enter the Fixed Deposit amount you want to invest.

Step4: Select tenure.

Step5: Enter the confirm button.

3. Open Yes Bank FD with YES Robot

Step1: Open the Yes Bank website.

Step2: See the Yes Robot icon at the bottom right corner of the screen.

Step3: Type “Open FD” on the Yes Robot chatting page.

Step4: Login with OTP and customer ID.

Step5: Enter the amount you want to invest and other required details.

4. Open Yes Bank FD with YES Mobile

Step1: Login to the Yes Mobile App using your ID and Password.

Step2: Choose the “Deposit” option from the menu and select fixed deposit.

Step3: Enter basic details like FD type, FD amount, tenure, maturity, nominee details, etc.

Step4: Ener your MPIN to verify the transaction.

5. Open Yes Bank FD through Net Banking

Step1: Open YES Bank’s official website and log in to retail net banking using your id and password.

Step2: Choose the “OPEN NEW FIXED DEPOSIT” option on the left-hand side.

Step3:  Enter basic details like FD type, FD amount, tenure, maturity, nominee details, etc.

Step4: After the verification of OTP, Now your FD is open.

Yes Bank FD FAQs

What is current FD rates in Yes Bank?

Yes Bank offers Fixed Deposit interest rates from 3.25% to 7.45%.

Is Yes Bank good for FD?

International rating agency “Moody’s Investor Service” gave a positive outlook on long-term investment.

Which bank FD is high?

Yes Bank, SBI, and Bandhan Bank are giving best-in-class interest rates on fixed deposits to their depositors.

What is the minimum and maximum period for Yes Bank FD?

Minimum: 7days

Maximum: 10years

What is the minimum amount to open a Yes Bank FD?

The minimum amount is Rs.10,ooo.

Is their any special rate for senior citizens?

Yes Bank gives additional benefits of up to 0.50% interest rate to senior citizens.

what are the frequency option available to customer?

Interests are paid to customers at regular intervals like monthly, quarterly, annually.

What is Sweep-in facility?

When you are in dire need of money, the bank can transfer money from your FD account to your saving account without affecting your FD interest rate.

Is TDS deducted on Fixed Deposits?

Whenever your interest amount exceeds Rs.40,000 in an FY, TDS is deducted.

Note: NRE FD is exempt from TDS.

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