Yes Bank Fixed Deposit New Rates : Private sector bank Yes Bank has shocked its crores of customers. Yes Bank has reduced the interest rates on Fixed Deposit. Yes Bank has cut the interest rates of some fixed deposits (FDs) by 25 basis points (bps).
These new interest rates have come into effect from November 5, 2024. Now the interest rates of FD for general customers range from 3.25% to 7.75%, while for senior citizens these rates range from 3.75% to 8.25%. The highest interest rate is being offered on 18-month FD, with a rate of 7.75% for general customers and 8.25% for senior citizens. The interest rate on 18-month FD has been reduced from 8% earlier to 7.75%, a reduction of 25 bps.
Yes Bank FD
The bank has increased the interest rates on FDs of certain tenures on FDs of less than Rs 2 crore. Yes Bank has made these rates effective from 30 May 2024. Yes Bank is now offering interest rates between 3.25% to 7.75% to general citizens and 3.75% to 8.25% to senior citizens on FDs maturing in seven days to ten years.
Yes Bank FD Rules
The minimum amount required to start an FD is Rs 10,000. Senior citizens get 0.50% extra interest on FDs of less than 3 years and 0.75% extra interest on FDs of 3 years or more, which is applicable on FDs of less than Rs 5 crore.
Penalty for premature withdrawal of FD
There is a penalty for premature withdrawal of FD, which will be applicable on FDs of less than Rs 5 crore.
Yes Bank FD Rates
- 7 days to 14 days: 3.25 per cent (general public)/ 3.75 per cent (senior citizens)
- 15 days to 45 days: 3.70 per cent (general public)/ 4.20 per cent (senior citizens)
- 46 days to 90 days: 4.10 per cent (general public)/ 4.60 per cent (senior citizens)
- 91 days to 120 days: 4.75 per cent (general public)/ 5.25 per cent (senior citizens)
- 121 days to 180 days: 5 per cent (general public)/ 5.50 per cent (senior citizens)
- 181 days to 271 days: 6.10 percent (general public)/ 6.60 percent (senior citizens)
- 272 days to less than 1 year: 6.35 per cent (general public)/ 6.85 per cent (senior citizens)
- One year: 7.25 per cent (general public)/ 7.75 per cent (senior citizens)
- 1 year to 18 months: 7.50 per cent (general public)/ 8 per cent (senior citizens)
- 18 months: 7.75 per cent (general public)/ 8.25 per cent (senior citizens)
- 18 months to less than 24 months: 7.75 per cent (general public)/ 8.25 per cent (senior citizens)
- 24 months 1 day to less than 36 months: 7.25 per cent (general public) / 7.75 per cent (senior citizens)
- 36 months to 60 months: 7.25 per cent (general public)/ 7.75 per cent (senior citizens).
- 60 months: 7.25 per cent (general public)/ 8 per cent (senior citizens)
- 60 months 1 day to 120 months: 7 per cent (general public)/ 7.50 per cent (senior citizens)
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