YES BANK FD Rates At Various Tenors: All You Need to Know
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YES BANK Fixed Deposit (FD) interest rates currently range from 3.25% p.a. to 8.50% p.a., depending on the chosen tenor (as of August 2024). These FDs could be an attractive solution for investors seeking stability in uncertain times. With interest rates periodically revised to remain competitive, YES Bank FDs could be useful for diverse investment portfolios.
These FDs provide the dual benefit of secure returns and flexible investment durations, allowing you to choose a tenor that aligns with your financial planning. You can start your FD with a minimum investment amount of ₹10,000. The maximum amount can go up to ₹5 Crores. Assess your finances and decide on a suitable investment amount.
YES BANK Fixed Deposit Interest Rates
The returns you receive on your investment depends on the YES BANK FD rates. Check out the following table to know the rates that regular and senior citizens can get for various tenors:
| Tenor | Interest Rates for Regular Citizens (p.a.) | Interest Rates for Senior Citizens (p.a.) |
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 3.70% | 4.20% |
| 46 days to 90 days | 4.10% | 4.60% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 180 days | 5.00% | 5.50% |
| 181 days to 271 days | 6.10% | 6.60% |
| 272 days to < 1 year | 6.35% | 6.85% |
| 1 year | 7.25% | 7.75% |
| 1 year 1 day to < 18 months | 7.50% | 8.00% |
| 18 months | 8.00% | 8.50% |
| 18 months 1 day to < 24 months | 7.75% | 8.25% |
| 24 months to < 36 months | 7.25% | 7.75% |
| 36 months to < 60 months | 7.25% | 8.00% |
| 60 months | 7.25% | 8.00% |
| 60 months 1 day to <= 120 months | 7.00% | 7.75% |
Disclaimer: The above-mentioned interest rates are subject to change as per the changes in the issuer’s policies.
Features and Benefits of a YES BANK FD
Opening a YES BANK Fixed Deposit may be a suitable choice due to its various features and benefits. Here are the key features and benefits:
Flexible Tenor Options
You get the flexibility of choosing an investment tenor ranging from 7 days to up to 10 years. Whether you wish to save for short-term or long-term requirements, you can consider investing in an FD with YES BANK.
Seamless Investment Process
You can open a fixed deposit account from the comfort of your home through any device with a stable internet connection. You can book it through the following options:
- YES Online- Net Banking
- Iris by YES BANK- Mobile App
- YES Robot- Personal Banking Chat Assistant
In addition to opening a fixed deposit account, you can manage your investment easily through these portals and tools.
Compounding Interest
You can also choose to reinvest the FD you earn. This helps enhance your earnings by leveraging the power of compounding.
Various Interest Payout Options
You have the flexibility to select a suitable interest payout frequency. Choose to get the interest earnings in the form of monthly, quarterly, half-yearly, or annual payouts and enjoy a stable income flow.
Overdraft Facility
YES BANK provides an overdraft facility of up to 90% of the value of your deposit. This option may help you access funds quickly in financial emergencies.
Auto-renewal
You can set up the auto-renewal facility in case you opt for renewing your deposit after maturity. Through this facility, you do not need to worry about tracking the maturity date of your FD.
Eligibility Criteria to Open a YES BANK FD
Before applying for the FD, check the eligibility criteria to see if you qualify. Here are the entities eligible to open an FD with YES BANK:
- Resident Individuals
- Hindu Undivided Families (HUFs)
- Companies, partnership firms, or sole proprietorships
- Associations, clubs, and societies
- Family trusts
Documents Required to Open a YES BANK FD
You also need to submit some documents for verification purposes. Knowing about the requirements can help you manage your application more seamlessly. Here is the paperwork that you need to submit:
- Identity Proof: Passport, Aadhaar card, driving licence, government ID, senior citizen ID card
- Residence Proof: Passport, Aadhaar card, driving licence, voter ID, NREGA job card
Steps to Apply for a YES BANK FD
Follow these simple steps to apply for a YES BANK Fixed Deposit:
- Visit the official website of YES BANK
- On the homepage, hover over ‘Accounts’ and then on ‘Deposits’
- Click on the ‘Fixed Deposits’ Option
- If you are an existing customer, click on ‘Open Fixed Deposit Online’, log in using your credentials and complete the formalities
- In case you are a new customer, click on ‘Open Digital Saving Account’ and complete the formalities to book an FD
YES BANK offers fixed deposits suited for individuals across different risk tolerances and age groups. The FD provides attractive interest rates with assured returns on investment. You can calculate potential returns at various rates and tenors manually or by using a YES BANK FD Calculator to make an informed decision.