• YES Bank Loan against FD

    The Fixed Deposit (FD) scheme offered by YES Bank comes with a range of benefits. This scheme not only ensures financial growth over a tenure but also provide immediate help in times of need. YES Bank allows its customers to avail a loan against fixed deposit facility. In this way, there is no need to break your FD to raise liquid funds.

    Features and Benefits of YES Bank loan against FD

    • At YES Bank, you can avail a loan against your FD up to 90% of the balance present in your account.
    • There is no processing fee charged.
    • You can pay the entire loan amount in lump sum, no EMIs required.
    • There is no need for additional documentation.
    • The rate of interest applicable is 1% over and above the FD rate.

    Eligibility Criteria

    • To avail the YES Bank loan against FD facility, you need to have a minimum account balance of Rs.10,000 up to Rs.2 crores.
    • The residual tenure of fixed deposit should be minimum seven days.
    • The minimum tenure of fixed deposit should be 30 days, in order to avail the loan facility.
    • For NRE deposits, the minimum tenure should 12 months to avail the loan against FD facility.
    • Non-Resident customers should have a single holding NRO savings account, while resident customers should have a single holding savings account.

    How to Apply

    Follow the steps mentioned below to book through YES Robot:

    • Step 1: Select ‘Exclusive Offers’ and login on the portal.
    • Step 2: Choose eligible fixed deposit.
    • Step 3: Select the required amount.
    • Step 4: Submit.

    Follow the steps mentioned below to book through YES Mobile:

    • Step 1: Login on the portal.
    • Step 2: Choose eligible fixed deposit.
    • Step 3: Select the required amount.
    • Step 4: Submit.

    Follow the steps mentioned below to book through YES Robot:

    • Step 1: Type ‘FDOD’ on +91 829-120-1200 and login.
    • Step 2: Choose eligible fixed deposit.
    • Step 3: Select the required amount.
    • Step 4: Submit

    FAQs on YES Bank Loan against FD

    1. What is the maximum tenure for YES Bank fixed deposit?

      The maximum tenure for YES Bank fixed deposit is 10 years.

    2. What is the minimum deposit amount required to avail loan against fixed deposit?

      The minimum deposit amount required to avail a loan against fixed deposit at YES Bank is Rs.10,000.

    3. Do senior citizens get any additional benefit with YES Bank FD?

      The senior citizens residing in India can enjoy an additional interest benefit of 0.50%.

    4. What is the minimum investment for a fixed deposit at YES Bank?

      You need to invest a minimum of Rs.1000 to book an FD at YES Bank.

    5. Can I book a YES Bank FD online?

      Yes, you can book a YES Bank FD through Net Banking, Phone Banking, YES Robot & YES Mobile.

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