Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    Overview of YES BANK Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    1 Year to 10 Years
    5.75% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Overview of YES BANK Fixed Deposit is Rated as "Blown Away!" by 19 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About YES BANK Fixed Deposit

    YES BANK is one of the most popular private banks of the country. The bank was established in the year 2004 and has been excelling continuously with its customer-centric attitude and high quality, service-driven approach. YES BANK is the only bank to have been awarded the Greenfield Bank License by the Reserve Bank of India. The bank is a full service commercial bank which has built up strong presence in areas of SME banking, corporate banking, investment banking, retail banking as well as private banking and asset management.

    YES BANK has been named frequently amongst the fastest growing banks by various media houses and other agencies. The bank was named so because the bank’s founder strongly believed in the concept of saying yes to everything that the bank aimed to achieve. This includes innovation, customer-centric approach and service-driven progress. Today, YES BANK is the fourth largest private bank of the nation. The bank truly believes in its values of integrity, credibility, transparency, innovation, agility, speed and professionalism.

    In the private banking segment, the bank has various popular products and services like loans, fixed deposits, credit cards and so on.

    Who all are eligible to avail a fixed deposit scheme from YES BANK?

    The following entities are eligible to open a fixed deposit scheme with YES BANK.

    • Resident Individuals
    • Limited Companies
    • Societies
    • Trust Accounts / Associations
    • Sole Proprietorship Firms
    • Partnership Firms

    What are some of the fixed deposit schemes offered by YES BANK?

    YES BANK offers quite a few deposit schemes which provide customers with various benefits like tax saving, overdraft and auto-renewal.

    • Domestic Deposits
    • Tax-Saver Deposits
    • NRO Deposits
    • NRE Deposits

    What is the maximum amount that can be deposited as fixed deposit amount in YES BANK fixed deposit schemes?

    There is no set maximum limit on the amount that can be deposited under the fixed deposit schemes of YES BANK. However, deposits above one crore rupees cannot be opened online and the depositor needs to personal visit any of the bank’s branches to get a fixed deposit opened.

    How do I apply for a fixed deposit scheme from YES BANK?

    YES BANK fixed deposits, if less than one crore rupees can be opened online from anywhere. However, the option of visiting any of the branches of YES BANK and getting a fixed deposit is also available.

    What are the different rates of interest offered by YES BANK on their fixed deposit schemes?

    According to the fixed deposit scheme availed and the corresponding deposit tenure, the applicable rate of interest varies. For short-term deposits between 7-45 days and 46-90 days, the subsequent interest rates are 6% and 7.5% respectively. For deposits greater than 3 months and less than 6 months the rate is 8.25% per annum. A deposit period between 6-9 months earns a rate of 8.5% whereas that between 9-12 months fetches an interest rate of 8.75%. An exact deposit period of 1 year, 18 months and 7 days is pegged at a rate of 8.85%. Between 18 months and 19 days to 10 years, the interest rate offered is 8.75%.

    Apart from these regular rates, there is a special rate of 8.75% which is offered on deposits that have exactly 271 days deposit tenure. Also, a deposit with tenure ranging between 18 months 8 days to 18 months 18 days is offered an interest rate of 9% per annum.

    Is a tax-saver deposit part of YES BANK’s fixed deposit portfolio?

    Yes. Any fixed deposit taken for a period of more than 5 years is covered under the tax-saver scheme in line with the Income Tax Act 1956.

    Are fixed deposits offered by YES BANK, taxable?

    Yes. In case the interest on the FD is equal to or more than ₹ 10000 in a financial year, income tax at 10% of the interest earned is deducted. However, if the interest received in a year is more than ₹ 10000 and the depositor has not furnished his/her PAN number then a tax equivalent to 20% of the interest received, is charged.

    What are some key differentiating features of fixed deposits by YES BANK?

    YES BANK fixed deposits come with the edge of many new and flexible features to their credit. This is one reason the deposits by YES BANK are increasingly gaining popularity amongst customers.

    A few significant features of fixed deposits by YES BANK are

    • Withdrawal options available for as low as ?1
    • Sweep-in facility which allows deposited funds to be withdrawn
    • Overdraft available against fixed deposits
    • Auto-renewal facility so that your deposits are auto-rolled over for existing deposit tenure
    • Highly competitive rate of interest
    • Nomination facility is available for deposit schemes
    • Pre-closure facility is available without any penalty fee
    • Tax-saver scheme is available
    • Senior citizens get to avail better rates by about 0.5%

    Can a loan be availed with YES BANK against a running fixed deposit?

    No. Currently, no such coupled scheme is being offered to customers by YES BANK.

    Are there special rates of interest for senior citizens?

    Yes. Senior citizens get to enjoy better and higher rates of interest if they avail a fixed deposit from YES BANK. The interest rates for senior citizen customers are 0.5% over and above the regular rates on all fixed deposits.

    Do I get to avail a credit card against my fixed deposit with YES BANK?

    No. Currently, credit cards are not being offered by YES BANK against its fixed deposit schemes.

    Does YES BANK offer special Fixed Deposits for NRIs?

    Yes, NRIs can choose from three types of fixed deposits at YES BANK.

    Non Resident External (NRE) Fixed Deposit- This is a fully repatriable deposit and yields high return on investment.

    Non Resident Ordinary (NRO) Fixed Deposit – The interest held in this deposit is repatriable.

    Foreign Currency Non-Repatriable (FCNR) Fixed Deposit – The deposit in this account can be maintained in multiple currencies including US Dollars, Great Britain Pounds, Japanese Yen, Australian Dollars, Canadian Dollars and Hong Kong Dollars.

    What are the tenures of NRI Fixed Deposits?

    The NRE Fixed Deposit can have a minimum tenure of 1 year and a maximum of 10 years.

    The NRO Fixed Deposit can have a tenure starting from 7 days going on to a maximum of 10 years.

    FCNR Fixed Deposits can have tenures ranging from 1 year to 5 years.

    What is the minimum amount needed to open a NRI Fixed Deposit?

    THE NRE, NRO and FCNR Fixed Deposit can be opened with a minimum amount of Rs 10,000.

    Are premature withdrawals allowed by YES BANK?

    Yes, premature withdrawals are allowed by YES BANK subject to certain conditions.

    Are there any penal charges for premature withdrawal?

    No, there are no penal charges for premature withdrawal from the NRE and NRO Fixed Deposit, however the interest rate which is applicable will be the lower of the original rate of deposit or the rate applicable for the period for which the deposit was with the bank.

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  • YES BANK Fixed Deposit Reviews

    • YES Bank Fixed Deposit
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Yes bank and the interest rate is around 6.5% above and the customer service is not yet experienced because everything used to dealt with through online experience. I have not faced any server down issues with the Yes bank.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jun 12, 2017
    • YES Bank Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Yes bank have some banking issues with them I believe. I have savings account, recurring and fixed deposit account with them. I never received quick response from the bank. But the bank is good for my fixed deposit account. Simply I opened an account with them and getting better service on it.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • YES Bank Fixed Deposit
      "My FD experience"
      0.5 5.0/5 "Blown Away!"
      I decided to park my funds with YES for my fixed deposit because they are providing the maximum interest rate. I am banking with them for quite some time now and no challenges with them till date. I am getting the interest paid certificate from them on a quarterly basis through email and hard copy.
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Aug 27, 2016
    • YES Bank Fixed Deposit
      "Extremely good.."
      0.5 5.0/5 "Blown Away!"
      For fixed deposit the rate of interest is compounding type and this type varies based on the tenure period that we choose for the deposit. Interest rate is 7.75% for fixed deposit and for senior citizens is 8.25%. YES bank is too good for all the products.
      Was this review helpful? 8
      , panipat
      Reviewed on Mar 10, 2016
    • YES Bank Fixed Deposit
      "Good interest rate"
      0.5 5.0/5 "Blown Away!"
      I have been having a Fixed Deposit account in YES Bank since 2010. Every 2 year teh account gets auto renewed. I have invested cumulative deposit scheme. YES offered me 9.25% interest rate. Initial documentation was also very simple, the executive came and collected the documents from my office. I am satisfied with this investment that I have done.
      Was this review helpful? 9
      , new delhi
      Reviewed on Sep 04, 2015
    • YES Bank Fixed Deposit
      "Very good.."
      0.5 5.0/5 "Blown Away!"
      Yes bank is fantastic in terms of returns and payment procedures. Also transparency is there with this bank. For fixed deposit they are giving up to 9% of rate on yearly basis as it is compounding range. Advantage in Yes bank is that we can break this deposit where no penalty will be there like other banks.
      Was this review helpful? 3
      , kanpur
      Reviewed on Aug 25, 2015
    • YES Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I can manage my deposit online as far as this YES Bank fixed deposit is concerned. There is no need for me to visit the Branch. I can easily transfer the funds from my savings account to this FD. Interest rate offered by them is the best in the market. There is no penalty and the amount would be transferred back to my savings account after the maturity . Further more I get interest on a quarterly basis.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Apr 24, 2015
    • YES Bank Fixed Deposit
      "good service "
      0.5 3.5/5 "Pretty good"
      Interest rate for Fixed deposit is 9.0% at that time but now the rate came down. Interest is on basis of compounding and they are processing the accumulated rate after the tenure gets completed. Nothing particular reason to have FD, just for investment. Bank officials are not much dedicated to their work thus it needs to be improved.
      Was this review helpful? 11
      , pune
      Reviewed on Jan 07, 2015
    • YES Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am holding a Fixed deposit with YES Bank. They are very quick in processing the request. They provide excellent response. I have opened this account online. I used to get an interest of 9% its very easy to change the maturity instructions online by myself.
      Was this review helpful? 10
      , new delhi
      Reviewed on Dec 22, 2014
    • YES Bank Fixed Deposit
      "Wonderful bank!!"
      0.5 5.0/5 "Blown Away!"
      FD is one of the best deposit so I availed it with YES bank where the interest rate is high. Actually I am working with YES bank so they offered 1% extra. In overall the interest rate is around 10.10% and tenure is 18 months. Getting compound interest on FD, the benefit on compound interest is that on every quarterly basis interest would be accumulated and get credited to principal amount. YES bank is excellent in all the parameters.
      Was this review helpful? 8
      , new delhi
      Reviewed on Dec 11, 2014
    • YES Bank Fixed Deposit
      "Fixed Deposit"
      0.5 4.5/5 "Excellent!"
      I have open Fixed deposit in Yes Bank an i have good experience with the bank as i have earned rate of interest of 8.75 percent on my amount and fell blessed after earning that amount with was idle on my account. I suggest everyone to open at least on Fixed deposit.
      Was this review helpful? 7
      , gurgaon
      Reviewed on Nov 28, 2014
    • YES Bank Fixed Deposit
      "YES customer!!!"
      0.5 5.0/5 "Blown Away!"
      The employees of YES bank asked me to open fixed deposit when I visited branch for some work. Website of YES bank is very user friendly and highly satisfied with customer executives as they are highly professional. If they unable to resolve queries they would get a callback and fix the issues. Whenever we want to visit branch we can go there because bank is not over crowded and employees treat customers with pleasing personality which admires us. Rate of interest is little comfortable where they offered like 9.5%. I opened FD for 18 months and canâ??t withdraw the amount until it gets matured. By seeing my experience, I opened saving account for my father and mother.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 25, 2014
    • YES Bank Fixed Deposit
      "Attractive rate!!"
      0.5 5.0/5 "Blown Away!"
      As the offered interest rate is higher, I chose fixed deposit in Yes bank. Rate of interest is 9.5% which is attractive rate provided. I prefer on line banking for depositing the amount as it is flexible. Even customer service team addresses the queries on time.
      Was this review helpful? 4
      , indore
      Reviewed on Nov 18, 2014
    • YES Bank Fixed Deposit
      "Really great"
      0.5 4.0/5 "Great!"
      Interest rate offered by Yes bank is 9.25% for fixed deposit. There is no penalty charged for processing of fixed deposit. I would do the deposit through on line banking which is quite user friendly and easier. Even the customer service of Yes bank is great and helpful.
      Was this review helpful? 6
      , bangalore
      Reviewed on Sep 08, 2014
    • YES Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit with Yes bank is 3 years old. Yes bank customer service is very good and the response to my inquiries are much faster than other banks. Two to three people make a follow up and respond to my query because all the customers are very important for them. In fact Yes bank provides a high rate of interest for the fixed deposit than the savings account and I have already requested them to transfer the money from the savings account to the FD which is still not done because I had to visit the branch for completing the request. All the sources of the bank are very much encouraging.
      Was this review helpful? 10
      , chennai
      Reviewed on Aug 11, 2014
    • YES Bank Fixed Deposit
      "Interest rate is equivalent!!!"
      0.5 3.0/5 "Satisfactory"
      Interest rate is equivalent comparative with other banks with Yes bank fixed deposit. Customer service responsiveness is slow, when calling customer care , they are taking too time. I have around 9% interest rate. They can improve their customer person.
      Was this review helpful? 8
      , ghaziabad
      Reviewed on Aug 09, 2014
    • YES Bank Fixed Deposit
      "Everything on line!!!!"
      0.5 4.0/5 "Great!"
      Last 3 months before, I opened up the fixed deposit with the amount 50,000. It was around 9.5% interest rate with period of 1 year and the returns are quite happier. Everything is on line for any request regarding Recurring deposit, fixed deposit and net banking is user and customer friendly.
      Was this review helpful? 6
      , baramati
      Reviewed on Jul 28, 2014
    • YES Bank Fixed Deposit
      "Good interest rate"
      0.5 5.0/5 "Blown Away!"
      I started my fixed deposit with Yes bank in the year 2012. I personally visited the branch and opened the fixed deposit after inquiring about the interest rates. I think the interest rate is excellent and higher than other banks in the market. Customer service and online banking are too good. ATMs & online banking also have an option to start the fixed deposit.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jun 12, 2014
    • YES Bank Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Yes bank fixed deposit is good they are providing 9.10%for 1 year and 3 months there are no premature charges and renewal charges applicable there are providing tax benefits schemes also which is very much beneficial.They have provided me a online copy and a hard copy as well for my reference and their branch banking is also fine.
      Was this review helpful? 8
      , faridabad
      Reviewed on May 28, 2014
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