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Yes Bank Revises Fixed Deposit (FD) Rates Effective From November; Now Earn As High As 7.75%
Yes Bank has modified its interest rates on fixed deposits under Rs 3 Cr in an attempt to provide customers with alluring returns. The bank is now offering interest rates with maturities ranging from 7 days to 120 months, with rates spanning from 3.25% to 7.00%. Yes Bank is now offering a maximum interest rate of 7.75% on term deposits with maturities varying between 18 to 24 months. According to Yes Bank's official website, the latest FD rates go into effect on November 5, 2024.
Yes Bank FD Rates
The bank is giving 3.25% interest on fixed deposits with maturities between 7 and 14 days, and 3.70% interest on those with maturities between 15 and 45 days. Yes Bank provides a 4.10% interest rate for fixed deposits with a duration of 46 to 90 days and a 5.00% interest rate for deposits with a period of 121 to 180 days. At Yes Bank, term deposits that mature between 181 and 271 days will yield an interest rate of 6.10%, while those that mature between 272 and 1 year will provide an interest rate of 6.35%.
| Fixed Deposit Interest Rates w.e.f. 05th November, 2024 (Less than INR 3 Cr) | ||||
|---|---|---|---|---|
| Tenure | Regular Interest Rates (%P.A.) | Annualised Yield | Senior Citizen Interest Rates (%P.A.) | Annualised Yield |
| 7 days to 14 days | 3.25% | 3.25% | 3.75% | 3.75% |
| 15 days to 45 days | 3.70% | 3.70% | 4.20% | 4.20% |
| 46 days to 90 days | 4.10% | 4.10% | 4.60% | 4.60% |
| 91 days to 120 days | 4.75% | 4.75% | 5.25% | 5.25% |
| 121 days to 180 days | 5.00% | 5.00% | 5.50% | 5.50% |
| 181 days to 271 days | 6.10% | 6.24% | 6.60% | 6.77% |
| 272 days to 1 year | 6.35% | 6.50% | 6.85% | 7.03% |
| 1 year | 7.25% | 7.45% | 7.75% | 7.98% |
| 1 year 1 day to 18 months | 7.50% | 7.71% | 8.00% | 8.24% |
| 18 months | 7.75% | 7.98% | 8.25% | 8.51% |
| 18 months 1day to 24 months | 7.75% | 7.98% | 8.25% | 8.51% |
| 24 months to 36 months | 7.25% | 7.45% | 7.75% | 7.98% |
| 36 months to 60 months | 7.25% | 7.45% | 8.00% | 8.24% |
| 60 months | 7.25% | 7.45% | 8.00% | 8.24% |
| 60 months 1 day to 120 months | 7.00% | 7.19% | 7.75% | 7.98% |
On a fixed deposit period of 1 year the bank is promising an interest rate of 7.25% and on a term deposit period of 1 year 1 day to 18 months, Yes Bank will pay an interest rate of 7.50%. Yes Bank will pay an interest rate of 7.75% on a term deposit tenure of 18 months to 24 months and 7.25% on a term deposit booked for 24 months to 60 months period. Term deposits maturing in 60 months 1 day to 120 months will now fetch an interest rate of 7.00%.
Yes Bank Premature Penalty Rules On FD
"Premature penalty will be applicable for all types of customers. (e.g.: Individual, Non-Individual). Premature penalty will be applicable as per above regime for YES BANK staff who booked/renewed FD's for period 5th July 19 till 9th May 21. Nil premature penalty will be applicable for YES BANK staff FD booked/renewed on and after 10th May 21. Premature penalty will be applicable as per above regime for Senior Citizen customers who booked/renewed FD's for period 5th July 19 till 15th May 22. Nil premature penalty will be applicable for Senior Citizen FD booked/renewed on and after 16th May 22. For values of upto INR 5 Crs, existing penalty structure shall continue at 0.25% for all tenure & value buckets. Premature FD withdrawal penalty interest will be charged for partial as well as full withdrawal and on FDs swept-in via sweep-in facility for any amount," mentioned Yes Bank on its website.
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