Yes Bank Tax Saving FD Scheme

Yes Bank offers Tax Saver Fixed Deposits at lucrative rates of interest with special rates for senior citizens. You will also be eligible to enjoy the benefits of tax savings under Section 80C of the Income Tax Act, 1961.

The maturity period for the Tax Saver FDs is 5 years and the tax saving benefits can be enjoyed by individual holders, joint holders, HUF, and NRIs.

Updated On - 05 Sep 2025

Interest Rates on Yes Bank Tax Saver FD

The rate of interest applicable to the Yes Bank Tax Saver FD is 7.25%* p.a. for regular customers and 8.00%* p.a. for senior citizens.

*Note: The rates of interest mentioned here are effective from July 2023. The rates are subject to change at the discretion of the bank.

Features and Benefits of Yes Bank Tax Saver FD

Yes Bank Tax Saving FD Scheme

The features and benefits of the Yes Bank Tax Saver Fixed Deposit Scheme can be summed up as follows:

Account type

Term deposit

Amount

Minimum: Rs.10,000

Maximum: Rs.1.5 lakh

(in one financial year)

Period

Minimum: 5 years

Maximum: 5 years

Interest rate*

General citizens: 7.25% p.a.

Senior Citizens: 8.00% p.a.

Premature withdrawals

Not Available

Nomination

Available

*Note: The rates of interest mentioned here are effective from 31 July 2023. The rates are subject to change at the discretion of the bank.

Yes Bank Tax Saver FD Interest Calculator

You can use the Yes Bank FD Interest Rate Calculator to find out the maturity amount on the basis of the applicable rate of interest and the amount deposited.

You can also check the current Yes Bank Tax Saver FD Interest Rates before you can find out your returns on the invested amount.

Enter the amount being deposited, the applicable rate of interest, and the investment tenure in the online calculator and process the information to find out the maturity amount of the FD.

How to open a Yes Bank Tax Saver FD Account

You can use Yes Bank Net Banking to open a Yes Bank Tax Saver FD Account online. You can follow the steps mentioned below:

  1. Step 1: Visit the official website of Yes Bank and use your login credentials to log in the portal.
  2. Step 2: Click on the 'Open New Fixed Deposit' option to proceed.
  3. Step 3: Select the source amount, deposit amount, branch name, tenure, nomination required, and sweep in required (yes or no).
  4. Step 4: Generate the One Time Password or OTP and use the same to validate the information and book your FD.

Alternatively, you can also use the Yes Mobile application, Yes Robot (virtual chat assistant), and phone banking to book an FD account with Yes Bank.

Key information before opening Yes Bank Tax Saver FD

Listed below are some of the most important information that you need to know before opening a tax saver FD account with Yes Bank:

Eligibility to Open a Fixed Deposit

  1. Resident Individuals
  2. Hindu Undivided Family (HUF)
  3. Associations, Clubs, and Societies
  4. Family Trusts
  5. Companies
  6. Sole Proprietorship Firms
  7. Partnership Firms

Documents Required*

  1. Application Form
  2. Proof of identity: Aadhaar card, PAN card, passport, voter's ID, driving licence, etc.
  3. Proof of address: Aadhaar card, PAN card, passport, voter's ID, bank statement, bank account passbook, utility bills, driving licence, etc.
  4. Passport-sized photographs of the applicant

Benefits of Yes Bank Tax Saver FD

  1. Facility of nomination
  2. Easy account opening process

*Note: The list of documents is indicative. You might be required to provide additional documents for the process as per the requirement of the bank.

FAQs on Yes Bank Tax Saver FD

  • What are the different types of Tax Saver Fixed Deposit accounts that are offered by Yes Bank?

    Yes Bank offers two different kinds of tax saver fixed deposit accounts. They are differentiated on the basis of the holder type of the account. The two accounts are single holder-type deposit accounts and joint holder-type deposit accounts.

  • What other methods can I use to open a Yes Bank Tax Saver Fixed Deposit account?

    Yes Bank allows you to open a Tax Saver FD account by using any one of the following methods:

    1. Through net banking
    2. Through the Yes Mobile smartphone application
    3. Through the Yes Robot virtual chat assistant
    4. Through Yes Bank ATMs
    5. Through a branch office of Yes Bank
    6. Through their helpline number
  • Can I make a premature withdrawal from my Yes Bank Tax Saver FD account?

    Although Yes Bank allows its customers to make premature withdrawals from their FD accounts, you cannot make a premature withdrawal from the tax saver FDs. The lock-in period for the Yes Bank Tax Saver FD is 5 years.

  • Can I open a Yes Bank Tax Saver FD account using phone banking?

    Yes, you can use the phone banking number 1800 1200 to get in touch with the bank and eventually, get in touch with a representative of the bank who will walk you through the account opening process.

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.