Yes Bank hikes FD Interest Rates: Private sector bank Yes Bank has increased the interest rates on fixed deposits of less than Rs 2 crore. The bank has increased interest on FDs from 0.25 per cent to 0.50 per cent.
According to the bank’s website, the new rates have been implemented from today i.e. February 21, 2023. The bank has revised the FD interest rates for 25 months. The bank is now offering 8% interest on FD of 36 months.
Yes Bank’s revised new FD rates between 181 days and 271 days stand at 6 per cent instead of 5.75 per cent. In this, the interest has been increased by 0.50 percent. The bank has increased interest rates on FDs maturing between 272 days and 1 year from 6 per cent to 6.25 per cent.
After increasing the repo rate of RBI, most of the banks are increasing the interest on FD. So far, many banks like SBI, ICICI Bank, HDFC Bank have increased the interest on FDs in recent times. Now the name of Yes Bank has also been included in this count. RBI has recently increased the repo rate by 25 basis points to 6.50 percent. Since May last year till now, the repo rate has been increased by 2.50 per cent.
New rates on Yes Bank’s FD
7 days to 14 days: 3.25 per cent (General) / 3.75 per cent (Senior Citizen)
15 days to 45 days: 3.70% (General) / 4.20% (Senior Citizen)
46 days to 90 days: 4.10% (General) / 4.60% (Senior Citizen)
91 days to 180 days: 4.75% (General)/ 5.25% (Senior Citizen)
181 days to 271 days: 6.00 per cent (General) / 6.50 per cent (Senior Citizen)
272 days to less than 1 year: 6.25 per cent (General)/ 6.75 per cent (Senior Citizen)
1 year to 15 months: 7.25% (General) / 7.75% (Senior Citizen)
15 months to less than 35 months: 7.50% (General)/ 7.71% (Senior Citizen)
35 months 1 day to less than 36 months: 7.50 per cent (General) / 8.00 per cent (Senior Citizen)
36 months to 120 months: 7.00% (General)/ 7.75% (Senior Citizens).
15 days to 45 days: 3.70% (General) / 4.20% (Senior Citizen)
46 days to 90 days: 4.10% (General) / 4.60% (Senior Citizen)
91 days to 180 days: 4.75% (General)/ 5.25% (Senior Citizen)
181 days to 271 days: 6.00 per cent (General) / 6.50 per cent (Senior Citizen)
272 days to less than 1 year: 6.25 per cent (General)/ 6.75 per cent (Senior Citizen)
1 year to 15 months: 7.25% (General) / 7.75% (Senior Citizen)
15 months to less than 35 months: 7.50% (General)/ 7.71% (Senior Citizen)
35 months 1 day to less than 36 months: 7.50 per cent (General) / 8.00 per cent (Senior Citizen)
36 months to 120 months: 7.00% (General)/ 7.75% (Senior Citizens).
