Fixed Deposit: Interest rate increased on this bank FD scheme, now this will be more beneficial, know details

If you are planning to invest then you have a good chance to earn. Because Yes Bank has changed the interest rates of FDs of less than Rs 2 crore. After the new change, Yes Bank is now providing interest rates on FDs maturing in 7 days to 10 years, which ranges from 3.25% to 7.75% for the general public. According to the official website of Yes Bank, the new FD interest rates will be applicable from July 3, 2023.

Yes Bank is now offering an interest rate of 3.25% on FDs maturing in 7 to 14 days and 3.70% on FDs maturing in 15 to 45 days. The interest rates offered by Yes Bank are 4.10% for FDs held for 46 days to 90 days and 4.75% for FDs held for 91 days to 180 days.

Yes Bank hikes FD rates on select tenors

Yes Bank has increased the interest rates of FDs maturing between 181 to 271 days and 272 to 1 year by 10 bps. They will now get interest at the rate of 6.1%, while FDs maturing between 272 to 1 year will now get interest at the rate of 6.35%. At the same time, the bank will pay 7.50% interest rate on FDs with maturity between 1 year and 18 months and 7.75% interest on maturity of 18 months to 36 months. On FDs maturing in 36 and 120 months, the bank is offering an interest rate of 7%.

Latest Yes Bank FD Rates

1. 3.25% interest will be available on FDs of 7 days to 14 days.
2. 3.70% interest will be available on FDs of 15 days to 45 days.
3. 4.10% interest will be available on FD of 46 days to 90 days.
4. 91 days to 120 days FD will get 4.75% interest.
5. 5.00% interest will be available on FDs of 121 days to 180 days.
6. 6.10% interest will be available on FDs of 181 days to 271 days.
7. 6.35% interest will be available on FD of 272 days to 1 year.
8. 7.50% interest will be available on FD of 1 year to 18 months.
9. 7.75% interest will be available on FD of 18 months 36 months.
10. 7.25% interest will be available on FD of 36 months to 60 months.
11. 7.00% interest will be available on FD of 60 months to 120 months.

Senior citizens will get 0.50% additional interest

Senior citizens will get an additional interest rate of 0.50% over and above the regular rates. Yes Bank is now offering interest rates on FDs maturing in 7 days to 10 years, which ranges from 3.75% to 8.25% for senior citizens.