Yes Bank allow customers to open a recurring deposit account with them. The account can be opened for a tenure that ranges between 6 months and 10 years. The rate of return offered by the bank general customers on the deposits fall in the range of 5.50% p.a. to .75% p.a. Customers who are above the age of 60 years (i.e., senior citizens) are offered additional interest of 0.50% p.a. to 0.75% p.a. on the RD tenures.
Yes Bank RD Rates of up to Rs.1.99 crore
| Period | Interest Rate | Senior Citizen Rates (per annum) |
|---|---|---|
| 6 Months | 5.50% p.a. | 6.00% p.a. |
| 9 Months | 5.75% p.a. | 6.25% p.a. |
| 12 Months | 6.25% p.a. | 6.75% p.a. |
| 15 Months | 6.25% p.a. | 6.75% p.a. |
| 18 Months | 6.25% p.a. | 6.75% p.a. |
| 21 Months | 6.25% p.a. | 6.75% p.a. |
| 24 Months | 6.50% p.a. | 7.00% p.a. |
| 27 Months | 6.50% p.a. | 7.00% p.a. |
| 30 Months | 6.50% p.a. | 7.00% p.a. |
| 33 Months | 6.50% p.a. | 7.00% p.a. |
| 3 years up to 10 Years | 6.75% p.a. | 7.50% p.a. |
*Resident Recurring Deposit rates with effect from 8 February 2021.
Know more about Recurring Deposit
Get The Highest Interest Rates on Yes Bank Recurring Deposit
One among the popular investment schemes offered to customers by YES BANK is its recurring deposit scheme. Regular RD scheme and NRE RD Scheme is offered by Yes Bank, and the interest rates offered on each RD by the bank vary depending on the deposit tenure and other conditions. The minimum tenure for which a depositor can hold an RD with Yes Bank is 6 months and the maximum tenure is 10 years. For an investment amount of up to Rs.1.99 crore, one can earn a return on investment ranging from minimum 5.50% p.a. to 6.75% p.a.
Yes Bank Short-Term RD Interest Rates
Yes Bank Recurring Deposit can be held for a short deposit term ranging from a minimum tenure of 6 months at an interest rate of 5.50% p.a. For a period of 12 months to 15 months, the interest rate offered on a recurring deposit worth less than Rs.1.99 Crore is 6.25% p.a.
Yes Bank NRI/NRE RD Interest Rates
| Tenure | Interest Rate |
|---|---|
| 1 year to less than 2 years | 6.25% p.a. |
| 2 years to less than 3 years | 6.50% p.a. |
| 3 years up to 10 years | 6.75% p.a. |
*Recurring Deposit rates with effect from 8 February 2021.
Yes Bank RD Interest Rates FAQs
- Is it possible to apply for an RD account online?
Yes, you can apply for an RD account online.
- How long does it take for RD Premature?
In the case of premature closure, you must visit a Yes Bank branch.
- What should I do in case I have not received the RD advice?
You must visit a Yes Bank branch to receive the RD advice. However, you need to carry the necessary documents when you visit the branch.
- Is it possible to skip any payments?
Yes, you can skip payments.
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Will there be any penalties levied in case of premature closure?
Yes, a penalty will be levied in case of premature withdrawal.
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