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Fixed Deposit

Yes Bank provides Fixed Deposit schemes to its customers who can deposit excess money with the bank to earn attractive rates of interest and flexibility in maintaining the account through easy withdrawals of cash as and when required without breaking the deposit. The bank offers a range of fixed deposit schemes which are highlighted in detail below with their respective features and benefits.
 

YES Bank FD Rates 2018

FD Tenure

Interest Rates (in %)

Regular Citizens Senior Citizens
7 to 45 days 5.00 5.50
46 to 90 days 6.70 7.20
3 months to less than 6 months 6.75 7.25
6 months to less than 9 months 6.75 7.25
9 months to less than 1 year 6.75 7.25
1 year to less than equal to 10 years 6.75 7.25
18 months 8 days to 18 months 18 days 6.95 7.45
36 months 10 days to 36 months 20 days 7.00 7.50

Note: Interest rates are applicable on investments below Rs 1 Crore w.e.f. 9th Aug 2017 and are subject to change without prior notice.

Types of Fixed Deposit Schemes offered by YES BANK

  1. YES BANK Fixed Deposit
  2. YES BANK Tax Saver Deposit
  3. YES BANK Recurring Deposit

YES BANK Fixed Deposit

A deposit scheme with the following features and benefits:-
 

  • The deposit can be taken for a minimum period of 7 days and for a maximum period of 10 years. Thus the bank offers its customers a huge range of tenure to choose from with tenures as low as 7 days to as high as 10 years
  • The rates of interest offered by the YES BANK are attractive and competitive to lure the customers to the bank’s deposit scheme
  • Senior citizens are allowed an additional rate of interest which is 0.50% higher than that offered to the general public
  • The principal and the interest can be reinvested again to earn compounded interest which promises a high return
  • The customer can make premature withdrawals from his deposit account and there will be no charges for the same
  • In case of withdrawal, the customer can withdraw his deposits with as low as Re.1 per unit
  • The deposit provides for sweep-in facility enabling withdrawal of funds from the account easily
  • Overdrafts can be availed against the deposit amount at attractive rates of interest thus giving the customer liquidity of funds
  • The scheme provides for auto renewal facility wherein the funds are automatically reinvested in the scheme at the original terms and conditions if there is no instruction to do the contrary on maturity
  • The interest on deposits is either paid off to the customer or reinvested with the principal to earn higher interest. Interest is calculated on a quarterly compounded basis but for deposits with tenures 6 months and below, interest will be calculated on a Simple Interest basis
  • TDS will be applicable on the earned interest if it exceeds a specified limit. PAN Card is mandatory to be submitted for the purpose of TDS.

YES BANK Tax Saver Deposit

A deposit scheme designed to save tax under Section 80C of the Income Tax Act. The deposit has to be made for a fixed period of 5 years without any facility of withdrawal and the maximum amount of deposit is Rs.1.5 lakhs.

YES BANK Recurring Deposit

A deposit scheme where small deposits can be made every month with good rates of interest. The features and benefits of the deposit scheme are as follows:
 

  • A fixed amount has to be paid every month for a fixed period of time
  • The monthly deposits can be paid easily by placing a Standing Instruction on the Yes Bank Savings Account of the customer.
  • The rates of interest are similar to those promised under the Fixed Deposit scheme.
  • Senior citizens are allowed an additional rate of interest which is 0.50% higher than that offered to the general public
  • The minimum amount of monthly installment required to open the account is Rs.1000 and thereafter in multiples of Rs.100
  • There is no ceiling on the maximum amount of installment that can be paid under the deposit scheme
  • The minimum tenure of deposits is 6 months and thereafter in multiples of 3 months up to a maximum tenure of 10 years
  • The bank provides the facility of calculating the installment amount based on the lump sum corpus required on maturity online through the Netbanking feature
  • All resident individuals with an existing Yes Bank Savings Account can open a Recurring Deposit Account with the bank.
  • TDS will be applicable on the earned interest if it exceeds a specified limit. PAN Card is mandatory to be submitted for the purpose of TDS.

YES Bank RD Interest Rates
 

Tenure

Interest Rate

Senior Citizen Rate

6 Months

6.75%

7.25%

9 Months

6.75%

7.25%

12 Months

6.75%

7.25%

15 Months

6.75%

7.25%

18 Months

6.75%

7.25%

21 Months

6.75%

7.25%

24 Months

6.75%

7.25%

Above 2 years upto 10 Years

6.75%

7.25%

YES BANK FD Calculator

Now, it is easy for the investors to check the maturity amount of their Yes Bank Fixed Deposits using our FD Calculator. Just enter the amount you wish to deposit, preferred tenure of investment and the rate of interest to know how much your investment will be worth at maturity. You can also check the interest and maturity amount for reinvestment schemes using Paisabazaar’s compound interest calculator.