• How to Open Yes Bank Fixed Deposit Online

    YES Bank offers various products to its customers including fixed deposit (FD). If you have savings that you are looking to maximize so that you can take care of your future financial requirements, then you can consider opening an YES Bank FD account.

    You can invest for a certain period of time making monthly deposits on which you will earn interest. Once the tenure is over, you will receive a maturity amount which can then help you take care of your financial needs. Investing in FD can be a very good idea as it is safe and the returns are decent.

    However, in order to open a fixed deposit account with YES Bank, you must know the steps to open one with the lender.

    How to apply for YES Bank FD online

    Through net banking

    • Visit the official website of YES Bank and log in to the customer portal using your user name and password.
    • Once you log in, on the left-hand side of the page, click on the option ‘OPEN NEW FIXED DEPOSIT’.
    • Provide details such as the source amount, deposit amount, name of the branch, tenure, and nomination.
    • Select either yes or no for ‘Sweep-in required’.
    • Click on ‘Open FD’.
    • A one-time password (OTP) will be sent to your mobile number. Enter the OTP and you have successfully opened an FD account.

    Through YES mobile

    • Login to YES mobile using your user name and password.
    • From the options available, click on ‘Deposit’ under which select ‘Fixed Deposit’.
    • Select your source account, FD type, amount you wish to deposit, tenure and maturity instructions, and nomination.
    • Select either yes or no for ‘Sweep-in required’.
    • Enter the MPIN so that you can validate the transaction and successfully open an FD account.

    Through YES Robot

    • Visit the official website of YES Bank and click on the ‘YES Robot’ icon located at the bottom-right side of the screen. You can also search for ‘YES Robot’ on Facebook Messenger.
    • Once you have clicked on ‘YES Robot’, say ‘Hi’ and start chatting.
    • Type ‘Open FD’ or ‘Open Deposit’.
    • Login to the portal using your customer id and enter the OTP sent to your mobile number.
    • Select the type of deposit and provide the necessary details as asked by the lender.
    • Once all the details have been provided and successfully validated by the lender, you will be able to open an FD account.

    Through Phone Banking

    • Call 1800 1200 and choose the ‘Savings Account related query’ option on the IVR menu.
    • Select the option of talking to a customer care executive. The executive will help you with the process of opening an FD account.

    How to apply for YES Bank FD Offline

    You can visit the nearest YES Bank account along with all the necessary documents in order to open an FD account. A representative from the bank will help you with the process. Once you have submitted all the documents, the bank will verify them, and if they are found to be correct, then you will be able to open an FD account with YES Bank.

    Frequently Asked Questions (FAQs)

    1. What is the minimum tenure for the Yes Bank FD?

      The minimum tenure of a fixed deposit at the bank is 7 days.

    2. What is the maximum tenure for the Yes Bank FD?

      The maximum tenure of a fixed deposit with Yes Bank is 10 years.

    3. Are there any special benefits for senior citizens who open a fixed deposit account with Yes Bank?

      Yes, senior citizens opening a fixed deposit account with Yes Bank will earn an additional 0.5% rate in comparison to other customers. 

    4. What is the minimum amount required to open a Yes Bank fixed deposit account?

      The minimum amount needed to open a fixed deposit account with the bank is Rs.10,000.

    5. What is the minimum interest rate for the Yes Bank fixed deposit scheme?

      The minimum interest in the Yes Bank FD scheme is 3.25%.

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