Yes Bank, the leading private sector bank , has changed the interest rate of fixed deposits for its customers. Now the customers of this bank are being given the benefit of higher interest rate than before.
This bank is now giving interest ranging from 3.25% to 7% to the general public on FDs maturing in 7 days to 10 years. At the same time, this interest rate for senior citizens ranges from 3.75 percent to 7.75 percent.
How much interest is available on FD of 18 months to 36 months
Yes Bank is now offering interest up to 7.75 per cent to the general public and 8.25 per cent to senior citizens on FDs of 18 months to 36 months. This new interest rate has become effective from 2 May 2023 only. Yes Bank is now paying 2.25% interest on FDs maturing in 7 days to 14 days. At the same time, the interest rate on FDs maturing in 15 to 45 days is 3.70 percent. This interest rate is 4.10 per cent for FDs maturing in 46 to 90 days and 4.75 per cent for FDs maturing in 91 to 180 days.
Getting more than 7 percent interest on this period
Yes Bank’s FD maturing between 181 days to 271 days is being given interest at the rate of 6 per cent. At the same time, investors are being given an interest rate of 6.25 percent on FDs with a tenure of 271 days to 1 year. At the same time, an interest rate of 7.50% is being given on FDs maturing between 1 year and 18 months. While FD with a period of 18 months to 36 months is being given an interest rate of 7.75%. At the same time, the interest rate on FDs maturing in 36 months to 120 months is up to 7 percent. On the other hand, senior citizens are getting the benefit of extra .50 percent interest rate for a period ranging from 7 days to less than 3 years.
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