YES Bank FD Rates 2020

YES Bank is a well-reputed bank that provides the best Fixed Deposit (FD) rates in the industry. The FDs offered by YES Bank comes with a lot more flexibility, greater earnings, and different interest payout options. The bank provides a wide range of deposit options including Tax Saver Deposits. It is very easy to apply for a YES Bank FD and this can be done online at the click of a button. The best interest rate offered on YES Bank FDs is 6.75% p.a.

YES Bank Fixed Deposit Rates Below 2 Crores

Tenure General FD rates (p.a.) Senior Citizen FD rates (p.a.)
7 to 45 days 5.00% 5.50%
46 to 90 days 5.50% 6.00%
91 to 180 days 6.00% 6.50%
181 to 270 days 6.50% 7.00%
271 days to 12 months 6.50% 7.00%
12 to 120 months 6.75% 7.25%

*The YES Bank FD rates tend to change at the discretion of the bank. The interest rates given here are valid as of 6 July 2020.

Important YES Bank Fixed Deposit Rates: Deposit Below Rs 2 crore

  • YES Bank FD interest rates lie between 5.00% p.a. and 6.75% p.a.
  • The highest YES Bank Fixed deposit rate is 6.75% p.a. for all individual FDs held for a tenure that ranges from 1 year to 10 years.
  • The best rate of interest offered to senior citizen FDs is 7.25% p.a. on all deposits that are held for a time period that ranges from 1 year to 10 years.
  • The interest is compounded on a quarterly basis.

Term-wise YES Bank FD Rates

  • The rate of interest applicable on YES short-term deposits i.e. tenures ranging from 7 days to less than 1-year, ranges between 5.00% p.a. and 6.50% p.a. The highest rate of 6.50% p.a. is offered on deposits with tenures falling between 181 days to less than 1 year.
  • The rate associated on medium-term YES Bank deposits is 6.75% p.a. The tenures range from 1 year to 5 years.
  • The interest rates applicable on long-term YES Bank deposits stands at 6.75% p.a. The tenure on long-term term deposits ranges from 5 years to 10 years.

YES Bank Senior Citizens FD Rates

  • For senior citizens, YES Bank offers 0.50% higher interest rate on the deposits than the regular FD rates.
  • YES bank Senior citizens fixed deposit rates range between 5.50% p.a. and 7.50% p.a. depending on the tenure.
  • The rates on short-term senior citizens deposits is in the range of 5.50% to 7.00% p.a.
  • The highest rates offered on medium-term and long-term deposits is in the range of 7.00% to 7.25% p.a

YES Bank Special Deposit rates

Tenure Regular FD rates (p.a) Senior Citizens FD rates (p.a)
2 years to less than 3 years 7.00% 7.75%

*The YES Bank Special FD rates tend to change at the discretion of the bank. The interest rates given here are valid as of 6 July 2020.

YES Bank Tax Saver Fixed Deposit rate

Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
5 years 6.75% 7.25%

*The YES Bank Tax Saver FD rates tend to change at the discretion of the bank. The interest rates given here are valid as of 6 July 2020.

YES Bank NRO Term Deposit Rates: Less than Rs.2 crore

Tenure bracket Interest Rates on NRO FD (per annum)
7 to 45 days 5.00%
46 to 90 days 5.50%
91 days to 181 days 6.00%
181 days to 271 days 6.50%
272 days to 12 months 6.50%
12 months to 120 months 6.75%

*The YES Bank NRO Fixed Deposit rates tend to change at the discretion of the bank. The rates of interest mentioned here are applicable as of 6 July 2020.

YES Bank NRO FD Special Rates: Under Rs.2 crore

Tenure bracket Interest Rates on NRO FD (per annum)
2 years to 3 years 7.00%

*The YES Bank NRO Fixed Deposit rates tend to change at the discretion of the bank. The rates of interest mentioned here are applicable as of 6 July 2020.

YES Bank FCNR (B) FD Rates

Tenure
FCNR (B) FD rates (per annum)
GBP JPY SGD EURO CAD HKD USD AUD
12 months to 24 months 1.85% 1.92% 2.25% 0.10% 2.62% 2.55% 2.27% 2.00%
24 months to 36 months 2.00% 0.40% 2.20% 0.10% 2.50% 2.35% 2.23% 2.20%
36 months to 48 months 1.55% 2.95% 1.65% 0.10% 2.45% 2.00% 3.24% 2.30%
48 months to 60 months 1.55% 0.15% 1.70% 0.10% 2.45% 2.00% 3.36% 2.35%
60 months 1.70% 2.60% 1.75% 0.10% 2.30% 2.00% 3.33% 2.30%

*The YES Bank FCNR (B) Term Deposit rates tend to change at the discretion of the bank. The rates of interest mentioned here are applicable as of 1 July 2020.

NRE Term Deposit Rates: Below Rs.2 crore

Tenure bracket Interest Rates on NRE FD (per annum)
12 months to 120 months 6.75%

*The YES Bank NRE Fixed Deposit rates tend to change at the discretion of the bank. The rates of interest mentioned here are applicable as of 6 July 2020.

YES Bank NRE FD Special Rates: Less than Rs.2 crore.

Tenure bracket NRE FD Special Interest Rates (per annum)
2 years to 3 years 7.00%

*The YES Bank NRE Fixed Deposit rates tend to change at the discretion of the bank. The rates of interest mentioned here are applicable as of 6 July 2020.

FAQs for YES Bank FD rates

  1. Is it a must to have an existing account with Yes Bank in order to open an FD online using their net banking/mobile banking service?

    Yes, it is a must to have an existing account with Yes Bank to avail internet banking services and open a FD account.

  2. Will interest rates change after I have applied for an FD?

    In most cases, this is not likely to happen. The interest rates will remain the same ideally throughout the tenure of the FD.

  3. Is it possible to add more money to the FD account once it is opened?

    No. You have to wait until the FD matures.

  4. Is it possible to change the tenure of an already opened FD?

    Unfortunately, this is not possible.

  5. Is the interest earned on an FD subject to tax?

    Yes. TDS will be deducted if you earn more than Rs.10,000 in a financial year on a term deposits. The interest that is earned on fixed deposits are fully subject to tax.

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