Yes Bank Revises Fixed Deposit Interest Rates Below Rs 2 Cr, Now Earn Up 8.25%

Leading private sector lender Yes Bank has revised the fixed deposit (FDs) interest rates for deposits below Rs 2 crore. Following the revision in Interest Rates, the bank offers interest rates between 3.25% to 7.75% to general citizens.

For senior citizens, the bank offers interest rates between 3.75% to 8.25% on FD for tenure ranging from 7 days to 120 months, according to the Yes Bank's official website. Senior Citizen rates are applicable only for Domestic deposits. The new rates are effective from September 04, 2023, according to the bank's official website.

The bank is now offering an interest rate of 3.25% on domestic term deposits maturing in 7 to 14 days, and an interest rate of 3.70% on domestic term deposits maturing in 15 to 45 days. For the deposit period of 46 days to 90 days, the Bank is giving 4.10% interest and 4.75% interest on deposits held for 91 to 120 days.

Fixed Deposits maturing in 121 to 180 days, the bank offers 5% interest rates, while for the deposits maturing in 181 days to 271 days, the customers will now get 6.10% interest. While deposits maturing in 272 to 1 year will get an interest rate of 6.35%.

Yes Bank now offers an interest rate of 7.50% on Deposits on maturity period between 1 year to less than 18 months. On the deposit period of 18 months to less than 24 months, the bank will provide an interest rate of 7.75%. For the deposit tenure of 24 months to less than 36 months, 36 months to less than 60 months, and 60 months, the bank offers an interest rate of 7.25%.

Yes Bank offers 7% interest for the deposit period of 60 months 1 day to equal or less than 120 days.

Fixed Deposit Interest Rates w.e.f. 4th September, 2023

Source - Yesbank.in