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Yes Bank Recurring Deposit Interest Rates 2020

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 on the deposits is in the range between 6.85% and 7.25% per annum (p.a.). Customers who are above the age of 60 years (i.e., senior citizens) are offered additional interest of 0.50% p.a. on all RD tenures.

Yes Bank RD Rates Below One Crore

Period Interest Rate Senior Citizen Rates (per annum)
(per annum)
6 Months 6.85% 7.35%
9 Months 7.15% 7.65%
12 Months 7.25% 7.75%
15 Months 7.25% 7.75%
18 Months 7.25% 7.75%
21 Months 7.25% 7.75%
24 Months 7.50% 8.00%
27 Months 7.50% 8.00%
30 Months 7.50% 8.00%
33 Months 7.50% 8.00%
3 years up to 10 Years 7.25% 7.75%

*Resident Recurring Deposit rates with effect from 25th October 2019

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 below 1 crore, one can earn a return on investment ranging from minimum 6.85% to 7.25% per annum.

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 to not more than 9 months at an interest rate of 7.15%. For a period from 12 months to 15 months, the interest rate offered on a recurring deposit worth less than Rs. One Crore is 7.25%.

Yes Bank Medium and Long Term RD Interest Rates

Yes Bank Recurring Deposits can also be opened for a medium term of 18 months to 21 months and for a long term of 24 months up to a maximum period of 10 years. For a deposit worth less than Rs. 1 crore over a period ranging from 18 months to 21 months, the interest rate offered on general RD is 7.75%. For deposits worth less than Rs. 1 crore over a period ranging from 24 months to 10 years, For a deposit worth less than Rs. 1 crore over a period ranging from 18 months to 21 months, the interest rate offered on general RD is 7.25%. For deposits worth less than Rs. 1 crore over a period ranging from 24 months to 10 years, the interest rate applicable is 7.50%.

Yes Bank Senior Citizen RD Rates

Yes Bank provides additional benefits to Senior citizens who open an RD account with the bank by giving an extra hike of 0.50% on the prevailing interest rates. In this case, for a recurring deposit scheme for a tenure of 6 months to not more than 9 months, senior citizens can avail 7.35% - 7.65% interest and for a period of they can enjoy an12 months to 15 months interest rate of 7.75%. For a recurring deposit scheme held for a period more than 18 months to maximum 10 years, an interest rate of 7.75% - 8.00% can be availed by senior citizens.

Yes Bank NRI/NRE RD Interest Rates

Yes Bank offers an NRE Recurring Deposit scheme to customers at an interest rate of 7.75%, For installments worth up to a maximum of Rs. 14,99,900, over a deposit term of 12 months to 10 years.

News About Yes Bank Recurring Deposit Interest Rates

  • Yes Bank Reduces Their Interest Rate On Their Savings Bank Account By 1%

    Yes Bank is one of the leading private banks in India. Recently, Yes Bank reduced their interest rate on their savings bank account by 1% and has fixed it at 5% for deposits which are less than Rs.1 lakh.

    However, the bank has stated that they will continue to offer 6% interest rate on deposits that are more than Rs.1 lakh and less than 1 crore. For deposits more than Rs.1 crore, the bank has reduced their interest rate by 0.25% p.a and has fixed it at 6.25% p.a which was 6.5% previously.

    The bank stated that the new interest rate will be effective from 1st September 2017. Please check your interest on your recurring deposits with your respective banks. Bank of Baroda has reduced their interest rate to 3.5% p.a on their deposits up to Rs.50 lakhs. Following these banks, many banks including Karnataka Bank has also lowered their interest rates on their savings bank account.

    18 August 2017

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