YES Bank FD Calculator

Fixed deposit is a popular investment choice amongst Indian investors. This is due to many reasons, such as assured returns, risk-free investments, and a decent rate of interest. YES Bank is one of India’s leading private banks that brings a number of investment options. Fixed deposit is one of its prevalent options that come with multiple benefits. However, you must gauge the most suitable FD option before you start investing. In such a scenario, you might find the YES Bank FD calculator comes in handy.


Result

Features of YES Bank Fixed Deposit

Check out some of the key features of YES Bank fixed deposit:

  • YES Bank FD tenure ranges from a minimum of 7 days to a maximum of 10 years.
  • You can start investing with a minimum of Rs 10,000.
  • Avail sweep-in and sweep-out facilities as and when required.
  • You can avail an overdraft facility of up to 90% against your principal FD amount.
  • Avail quarterly compounding interest with a re-investment option.
  • Regular payment options are available at monthly or quarterly payouts.
  • Avail the auto renewal facility for convenient banking.
  • Senior citizens receive an extra interest rate of 0.50% for FD tenures of less than 3 years and 0.75% for tenures of 3 years and above on FDs valued below Rs 5 crores. These rates are in addition to the regular FD rates.
  • YES Bank FD allows for premature withdrawal with the sweep-in facility and the withdrawal amount can be in multiples of Rs

Benefits of YES Bank Fixed Deposit Interest Calculator

There are multiple benefits of using YES Bank fixed deposit calculator. These are as follows:

  • The calculator gives accurate results in just a few seconds.
  • You can expect accurate results by using this calculator as it eliminates the chances of human error.
  • The calculator is fast and saves time which can otherwise be wasted if the calculation is done manually.
  • The FD calculator features a neat and user-friendly interface that is easy to use.
  • Additionally, you can figure out the principal and tenure required precisely to achieve the returns as preferred.

How is YES Bank FD Interest Rate Calculated?

If you are looking to calculate YES Bank FD interest rate manually, then you can use the following formula:

A = P (1+r/n) ^ n x t

Here,

A signifies the amount receivable at maturity

P stands for the principal amount

R stands for the applicable rate of interest

T indicates tenure

N is the number of times interest is calculated in a year

To get a better idea of how this formula might work out, you can take reference from the following demo:

Suppose you have decided to invest Rs 60,000 for 5 years at a yearly compounding rate of interest of 7.5% per annum.

Now putting these values in the formula you get:

A = 60000 (1 + 0.75/1) ^ 1 x 5 = Rs 86,997

Whereas interest earned will be Rs 26,997.

The manual calculation process, as illustrated above, can be:

  • Hectic
  • Time-consuming
  • Has chances of silly errors

A better alternative to this would be YES Bank FD interest rate calculator, which is quick and accurate.

What are YES Bank FD Interest Rates?

The following tables lay down the interest rate applicable considering different conditions.

For Regular Citizens

Tenure

Rate of Interest

7 days to 14 days

3.25%

15 days to 45 days

3.70%

46 days to 90 days

4.10%

91 days to 120 days

4.75%

121 days to 180 days

5.00%

181 days to days

6.10%

272 days to < 1 year

6.35%

1 year to < 18 months

7.50%

18 month < 36 months

7.75%

36 months to < 60 months

7.25%

60 months to <= 120 months

7.00%

For Senior Citizens

Tenure

Rate of Interest

7 days to 14 days

3.75%

15 days to 45 days

4.20%

46 days to 90 days

4.60%

91 days to 120 days

5.25%

121 days to 180 days

5.50%

181 days to days

6.60%

272 days to < 1 year

6.85%

1 year to < 18 months

8.00%

18 month < 36 months

8.25%

36 months to < 60 months

8.00%

60 months to <= 120 months

7.75%

Summing Up

YES Bank FD calculator can be an effective yet easy-to-use tool while planning your finances. It is also of utmost importance to plan your finances to avoid any mishaps or complications afterwards.

Yes Bank FD Calculator : FAQs

What is the minimum YES Bank fixed deposit tenure?

You can start saving in YES Bank fixed deposit with a minimum tenure of 7 days.

What are the types of fixed deposits available with YES Bank?

There are three types of fixed deposit options available with YES Bank – Standard Fixed Deposit, Floating Rate Fixed Deposit, and Tax Saver Fixed Deposit.

What is the minimum tenure for reinvestment?

6 months and 1 day is the minimum tenure for reinvestment at YES Bank.