Table of Contents
- 1 Yes Bank Fixed Deposit Rate of Interest for Domestic Term Deposits (Below Rs.2 Crores)
- 2 Yes Bank Fixed Deposit Rate of Interest for Domestic Term Deposits (Above Rs.2 Crores)
- 3 Yes Bank FCNR FD Interest Rates
- 4 Yes Bank RFC FD Interest Rates
- 5 Yes Bank NRE FD Interest Rates
- 6 Yes Bank NRO FD Interest Rates (Below Rs.2 Crores)
- 7 Types of Yes Bank FD
- 7.0.1 Features
- 7.0.2 Interest Rates For Individuals
- 7.0.3 Interest Rate For Senior Citizens
- 7.0.4 Premature Withdrawal Penalty
- 7.0.5 Eligibility
- 7.0.6 Benefits
- 7.0.7 Eligibility
- 7.0.8 Benefits
- 7.0.9 Eligibility
- 7.0.10 Features
- 7.0.11 Eligibility
- 7.0.12 Features
- 7.0.13 Eligibility
- 7.0.14 Features
- 7.0.15 Eligibility
- 7.0.16 Features
- 8 Premature Penalty for Yes Bank FD
- 9 About Yes Bank
- 10 Features and Benefits of Yes Bank FDs
- 11 Documents Required to Open FD in Yes Bank
- 12 Eligibility to Open a FD in Yes Bank
- 13 Compare with Other Lenders
- 14 How to Apply for Yes Bank FD Online
- 15 Yes Bank FD FAQs
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) | ||
|---|---|---|
| Tenure | Public | Senior Citizen |
| 7 to 14 days | 3.25% | 3.75% |
| 15 to 45 days | 3.50% | 4% |
| 46 to 90 days | 4% | 4.50% |
| 3 months to less than 6 months | 4.50% | 5% |
| 6 months to less than 9 months | 4.78% | 5.28% |
| 9 months to less than 1 year | 5.06% | 5.58% |
| 1 year to less than 18 months | 6.14% | 6.66% |
| 18 months to less than 3 years | 6.66% | 7.19% |
| 3 years to less than or equal to 10 years | 6.66% | 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) | ||
|---|---|---|
| Tenure | Public | Senior Citizen |
| 2Cr to < 5Cr | 2Cr to < 5Cr | |
| 7 to 14 days | 3.25% | 3.25% |
| 15 to 30 days | 3.50% | 3.50% |
| 31 to 45 days | 3.50% | 3.50% |
| 46 to 60 days | 4% | 4% |
| 61 to 90 days | 4% | 4% |
| 91 to 120 days | 4.50% | 4.50% |
| 121 to 180 days | 4.50% | 4.50% |
| 181 to 270 days | 4.75% | 5% |
| 271 days to less than 1 year | 5% | 5.25% |
| For 1 year | 6% | 6.45% |
| Above 12 months and less than 18 months | 6% | 6.45% |
| 18 months to less than 2 years | 6.50% | 6.75% |
| 2 years to less than 3 years | 6.50% | 6.75% |
| 3 years to less than 5 years | 6.50% | 6.75% |
| 5 years and above | 6.50% | 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) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Period | USD | GBP | EURO | JPY | CAD | AUD | HKD | SGD |
| 1Yr to < 2Yrs | 3.85% | 2.85% | 0.55% | 0.40% | 2.90% | 3.30% | 2.20% | 2.60% |
| 2Yrs to < 3Yrs | 3.75% | 2.85% | 0.85% | 0.65% | 3% | 3.45% | 1.35% | 2.75% |
| 3Yrs to < 4Yrs | 3.50% | 2.30% | 1% | 0.80% | 3% | 3.50% | 1.35% | 1.25% |
| 4Yrs to < 5Yrs | 3.50% | 1.85% | 0.10% | 0.05% | 3% | 3.50% | 1.35% | 1.25% |
| 5Yrs only | 3% | 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) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Period | USD | GBP | EURO | JPY | CAD | AUD | ||
| 1Yr to < 2Yrs | 3.85% | 2.85% | 0.55% | 0.40% | 2.90% | 3.30% | ||
| 2Yrs to < 3Yrs | 3.75% | 2.85% | 0.85% | 0.65% | 3% | 3.45% | ||
| 3Yrs to < 4Yrs | 3.50% | 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) | |
|---|---|
| Period | Interest Rate |
| 1Yr to < 18 months | 6.14% |
| 18 months <= 10 years | 6.66% |
Yes Bank NRO FD Interest Rates (Below Rs.2 Crores)
| Yes Bank FD NR0 Interest Rate (p.a.) (w.e.f 18 June 2022) | |
|---|---|
| Period | Interest Rate |
| 7 to 14 days | 3.25% |
| 15 to 45 days | 3.50% |
| 46 to 90 days | 4% |
| 3 months to less than 6 months | 4.50% |
| 6 months to less than 9 months | 4.78% |
| 9 months to less than 1 year | 5.06% |
| 1 year to less than 18 months | 6.14% |
| 18 months to <=10 years | 6.66% |
Types of Yes Bank FD
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 | |||
| Period | Current Repo Rate | Mark-up Rate | Rate of Interest |
| 1Yr to < 18 months | 4.90% | 1.10% | 6.00% |
| 18 months < 3 years | 4.90% | 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 | |
| Period | Mark-up |
| 1 Yr to less than 36 months | 0.50% |
| Yes Bank Floating Rate FD Interest Rates – Senior Citizens | |
|---|---|
| From Rs.2 Crores to less than Rs.5 Crores | |
| Period | Mark-up |
| 1 Yr to less than 18 months | 0.45% |
| 18 months to less than 36 months | 0.25% |
Premature Withdrawal Penalty
| Yes Bank Floating Rate FD Premature Withdrawal Penalty | |
|---|---|
| For Less Than Rs.2 Crore | |
| Period | Penalty Rate |
| 7 to 90 days | 3.00% |
| 91 days to 181 days | 2.50% |
| 181 days to less than 12 months | 2.00% |
| 12 months to less than 36 months | 1.00% |
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 (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.
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
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
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.
| Tenure | Penalty Rate | |
|---|---|---|
| w.e.f 16 May 2022* | w.e.f 08 August 2022* | |
| Less than equal to 181 days | 0.25% | 0.50% |
| 182 days and above | 0.50% | 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 Name | FD Interest Rates (p.a.) | Tenure | |
|---|---|---|---|
 | Axis Bank | 2.50%-5.85% | 7 days to 10 year |
 | AU Small Finance Bank | 3.75%-7.25% | 7 days to 10 year |
 | Bajaj Finance | 6.03%-7.40% | 1 year to 5 year |
 | Bank of Baroda | 2.75%-6.35% | 7 days to 10 year |
 | Bandhan Bank | 3%-7.25% | 7 days to 10 year |
 | Canara Bank | 2.90%-6.40% | 7 days to 10 year |
 | Citi Bank | 1.85%-3.50% | 7 days to 3 year |
 | HDFC Bank | 2.75%-6.50% | 7 days to 10 year |
 | ICICI Bank | 2.75%-5.75% | 7 days to 10 year |
 | IDBI Bank | 2.70%-6.50% | 7 days to 20 year |
 | IDFC Bank | 3.50%-6.55% | 7 days to 10 year |
 | Indian Bank | 2.75%-2.90% | 7 days to 10 year |
 | IndusInd Bank | 3.25%-7% | 7 days to 5 year |
 | Jana Small Finance Bank | 2.50%-8.15% | 7 days to 10 year |
 | Kotak Mahindra Bank | 2.50%-6.40% | 7 days to 10 year |
 | PNB | 3%-5.60% | 7 days to 10 year |
 | RBL Bank | 3.25%-6.80% | 7 days to 10 year |
 | SBI Bank | 2.90%-6.30% | 7 days to 10 year |
 | Ujjivan Small Finance Bank | 2.90%-7.20% | 7 days to 10 year |
 | Union Bank | 3%-5.80% | 7 days to 10 year |
 | Yes Bank | 3.25%-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%.
International rating agency “Moody’s Investor Service” gave a positive outlook on long-term investment.
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.
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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Hello friends, I am Jony Baku and a resident of Haryana, India. I took my first step into the blogging world in 2019 and since then I have been trying to contribute in this field. I love writing and reading articles, that's why I try hard to write my articles as best as possible.
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