YES Bank has earned a reputation for its trustworthy and secure YES Bank FD rates, backed by competitive rates of 3.25% to 7.75% per annum for the general clientele and 3.75% to 8.25% for senior citizens. The FD terms range from 7 days to 10 years.
Additionally, YES Bank offers an attractive 7.00% interest rate for Tax Saving Fixed Deposits. The bank provides a comprehensive range of Fixed Deposit schemes for NRE, NRO, NRIs, FCNR (B), and RFC, accepting various foreign currencies for FCNR (B) and RFC deposits.
| Tenure | General Clientele (p.a.) | Senior Clientele (p.a.) |
| 7 to 14 days | 3.25% | 3.75% |
| 15 to 1 month, 14 days | 3.7% | 4.2% |
| 1 month, 15 days to 2 months, 28 days | 4.1% | 4.6% |
| 2 months, 29 days – 3 months, 28 days | 4.75% | 5.25% |
| 3 months, 29 days to 5 months, 27 days | 5% | 5.5% |
| 5 months, 28 days to 8 months, 27 days | 6.1% | 6.6% |
| 8 months, 28 days to 11 months, 28 days | 6.35% | 6.85% |
| 11 months, 29 days to 1 year, 5 months, 28 days | 7.5% | 8% |
| 1 year, 5 months, 29 days to 2 years, 11 months, 28 days | 7.75% | 8.25% |
| 2 years, 11 months, 29 days to 4 years, 11 months, 27 days | 7.25% | 8% |
| 4 years, 11 months, 28 days to 9 years, 11 months, 27 days | 7% | 7.75% |
What is the eligibility for YES Bank’s FD Account?
YES Bank welcomes various categories of individuals and entities to apply, each requiring specific documents for account setup and getting YES Bank FD interest rates. The eligibility criteria are listed below:
· Resident individuals are eligible by providing valid identity proof and address proof.
· Hindu undivided families can open accounts with identity and address proof of the person operating the account.
· For companies, firms, or sole proprietors, the process involves getting authorization from the representative for opening and operating the account in the company’s name.
· Associations, clubs, and societies can open an account by presenting the by-laws of the association or club, along with a resolution permitting the designated members to handle the fixed deposit account at YES Bank for the respective organization.
What documentation is required for a YES Bank FD Account?
To begin investments and open accounts with interesting YES Bank FD rates today, investors need to provide the following essential documents and produce the originals or copies as mandated by the bank:
· KYC documentation as proof of identity and address, which may include Aadhaar card, PAN card, individual’s driving license, electricity bill (from the past 3 months), and telephone bills
· Income proof in the form of a bank statement and a cheque
· Passport-size photographs of the investor
· A certification issued by the local Post Office
· A completed application form with accurate details
What are the FD rates for Domestic account holders?
The YES Bank NRE FD rates for less than Rs. 2 crores for FD account holders are mentioned in the table below:
| Tenure | Regular Citizens | Senior Citizens |
| 7 days – 14 days | 3.25% | 3.75% |
| 15 days – 45 days | 3.70% | 4.20% |
| 46 days – 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 less than 1 Year | 6.35% | 6.85% |
| 1 Year to less than 18 Months | 7.50% | 8.00% |
| 18 Month to less than 36 Months | 7.75% | 8.25% |
| 36 months to less than 60 months | 7.25% | 8.00% |
| 60 months to less than 120 months | 7.00% | 7.75% |
What are the FD rates for NRI Accounts?
The NRE YES Bank FD interest rates 2023 for account holders are mentioned in the table below:
| Tenure | Interest Rate (p.a.) |
| 1 year to below 18 months | 7.50% |
| 18 months to below 36 months | 7.75% |
| 36 months to below 60 months | 7.25% |
| 60 months to below 120 months | 7.00% |
NRO YES Bank FD Interest Rates
| Period | Rates for < 2 Crore |
| w.e.f 03rd July’23** | |
| 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 271 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 | 7.25% |
| 60 months 1 days to <= 120 months | 7.00% |
YES Bank FCNR (B) Interest Rates
| Period | USD (< 1 Mn) | GBP | EURO | JPY | CAD | AUD | HKD | SGD |
| 1 Yr to < 2 Yrs | 5.70% | 5.65% | 3.65% | 0.85% | 4.60% | 4.30% | 3.00% | 4.05% |
| 2 Yrs to < 3 Yrs | 5.35% | 5.00% | 3.65% | 1.20% | 4.60% | 4.00% | 3.00% | 3.75% |
| 3 Yrs to < 4 Yrs | 5.00% | 4.25% | 2.55% | 1.35% | 4.30% | 4.10% | 1.35% | 3.60% |
| 4 Yrs to < 5 Yrs | 4.50% | 4.00% | 2.00% | 0.05% | 4.10% | 4.10% | 1.35% | 1.40% |
| 5 Yrs only | 4.40% | 4.00% | 2.00% | 1.35% | 4.00% | 4.10% | 1.35% | 1.40% |
YES Bank RFC Deposit Interest Rates
| Period | USD (< 1 Mn) | GBP | EURO | JPY | CAD | AUD |
| 1 Yr to < 2 Yrs | 5.70% | 5.65% | 3.65% | 0.85% | 4.60% | 4.30% |
| 2 Yrs to < 3 Yrs | 5.35% | 5.00% | 3.65% | 1.20% | 4.60% | 4.00% |
| 3 Yrs to < 4 Yrs | 5.00% | 4.25% | 2.55% | 1.35% | 4.30% | 4.10% |
How to avail of a loan against your FD?
YES Bank offers an overdraft option against NRE or NRO Fixed Deposit, allowing non-resident individual clients to conveniently access this facility. Non-resident individual clients can avail of the overdraft at an interest rate of 1% over the fixed deposit rate. The following are the benefits mentioned in the YES Bank FD rates pdf:
· The method involves no processing fees and requires no additional documents.
· There are no EMIs to manage, and the repayment is straightforward with a lump-sum payment.
· The overdraft facility is ideal for meeting immediate financial needs without liquidating the fixed deposit.
What happens on premature withdrawal of funds?
Fixed deposits offer a sweep-in facility for premature withdrawals. For all fresh and auto-renewed YES Bank FD with a deposit value below Rs. 5 crores, a premature withdrawal penalty will apply. However, for values equal to or greater than Rs. 5 crores, the existing penalty structure of 0.25% will continue across all tenure and value brackets.
| Tenure | Interest Rate (p.a.) |
| 7 to 90 days | 3.00% |
| 91 to 181 days | 2.50% |
| 182 to below 12 months | 2.00% |
| 12 months to below 36 months | 1.00% |
Who is eligible to avail the nomination facilities?
For investors of YES Bank, the following points outline the nomination facilities that investors must note:
· A single nominee is allowed, whether the bank account is owned by a sole individual or jointly by two individuals.
· A person with legal authority to manage a minor’s account can submit a nomination on their behalf.
· Nominations can be made by completing the required form as per the Banking Companies Rules of 1985.
· For further information, it is advisable to visit the nearest branch to know about the proceedings in detail.
YES Bank Fixed Deposit Rates FAQ’s :-
Investors can benefit from tax savings while investing in fixed deposits, with a tax deduction of up to INR 1,50,000 under Section 80C of the Income Tax Act. The fixed deposit tenure is 5 years, with a minimum deposit amount of INR 1,000 and a maximum deposit amount of INR 1,50,000. YES Bank FD rates for senior citizens is an additional interest rate of 0.50% offered by the bank.
The returns on your deposit can be influenced by various factors such as the amount invested, term, interest rate, frequency of interest calculation, and taxation. To accurately assess your earnings, utilize the YES Bank FD calculator, which will help make your banking experience fruitful and aid in determining the potential returns on your investment.
YES Bank offers investors the flexibility to open FDs through both online and offline modes. For offline openings, individuals can visit the nearest YES Bank branch, complete the account opening form, and submit the required documents. Alternatively, for online mode, investors can visit the bank’s website, fill out the form online, and submit the necessary documents electronically.
