YES Bank Floating Rate Fixed Deposit (FD)
A fixed deposit (FD) is a financial instrument that allows you to invest your money for a certain period of time and receive high returns at a fixed rate of interest. YES Bank has introduced the 'Floating Rate Fixed Deposit' with which you can earn dynamic returns as well as enjoy the security offered by a fixed deposit.
While standard fixed deposits have a fixed rate of interest, the interest rates offered on this fixed deposit are linked to the current REPO rate.
Features and Benefits of YES Bank Floating Rate Fixed Deposit
The Floating Rate Fixed Deposit comes with the following features and benefits:
- Resident individuals and non-individuals can open this fixed deposit.
- Dynamic interest rates help in maximising your returns.
- Interest rates are revised every month based on the applicable REPO rate from the preceding month.
- The minimum deposit amount is Rs.10,000.
- An additional interest rate is offered to senior citizens.
- A nomination facility is available.
- Flexible tenures ranging from 1 year to less than 3 years.
- A premature withdrawal facility is available.
- The facility of reinvestment with payout at maturity is offered.
- An overdraft facility for up to 90% of the principal amount is available.
YES Bank Floating Rate Fixed Deposit Interest Rates
The interest rates offered on the Floating Rate Fixed Deposit less than Rs.5 crore are mentioned in the table below:
Tenure | Interest Rate |
1 year - to less than 3 years | based on the current repo rate |
Note: The interest rates mentioned in the table above are based on the mark-up rate and current REPO rate, which is
6.00% on 13 May 2025 .
YES Bank Floating Rate Fixed Deposit Interest Rates for Senior Citizens
The interest rates offered on the Floating Rate Fixed Deposit of Rs.10,000 to less than Rs.2 crore for senior citizens are mentioned in the table below:
Tenure | Interest Rate |
1 year to less than 36 months | based on the current repo rate |
The interest rates offered on the Floating Rate Fixed Deposit of Rs.2 crore to less than Rs.5 crore for senior citizens are mentioned in the table below:
Tenure | Interest Rate |
1 year to less than 18 months | based on the current repo rate |
18 months to less than 36 months | based on the current repo rate |
FAQs on YES Bank Floating Rate Fixed Deposit
- What is the minimum deposit amount to open a YES Bank Floating Rate Fixed Deposit?
The minimum deposit amount to open a Floating Rate Fixed Deposit is Rs.10,000.
- How often will the interest rates change?
The interest rate will be changed on the first day of each month based on the applicable REPO rate on the preceding month's last day.
- Does the YES Bank Floating Rate Fixed Deposit offer a nomination facility?
Yes, the YES Bank Floating Rate Fixed Deposit offer a nomination facility.
- Will I be notified if the interest rate changes?
Yes, you will receive a monthly alert on the effective rate for the month.
- Do senior citizens receive an additional interest rate on the YES Bank Floating Rate Fixed Deposit?
Yes, senior citizens are offered an additional interest rate on the YES Bank Floating Rate Fixed Deposit.
- Can I withdraw my YES Bank Floating Rate Fixed Deposit before maturity?
Yes, however, you will be charged a penalty for such premature withdrawals.
- What is the tenure offered on the YES Bank Floating Rate Fixed Deposit?
The tenures offered on the YES Bank Floating Rate Fixed Deposit range from 1 year to less than 3 years.
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