YES Bank FD Rates and Types of Yes Bank Fixed Deposits !!
YES Bank offers multiple and flexible fixed deposit rates to its customers. Moreover. this bank is also one of the leading banks in India and, famous for providing attractive fixed deposit rates than any other private bank. You can only make a one-time deposit and lock it for the specific tenure for receiving the highest amount of interest rate than any other bank. Check Yes Bank FD rates below.
YES Bank Fixed Deposit Rates:
We know that fixed deposits are one of the safest investment, and what if the person is getting more interest rates compared to any other bank. That is more attractive? Isn’t it.
YES Bank FD rates are starting from 5.00% P.A to 7.15% P.A and that is also for the tenure of the deposit of 7 to 365 Days. The interest could be higher for the senior citizens and it is up to 7.65%.
It would be good if you deposit for the longest tenure as the interest rate for the longer tenure will be higher. It would be 7.25% for the normal account users and 7.75% for the senior citizens for fixed deposit tenure of 10 Years.
Read More – How to Register Yes Bank Net Banking Online Services
Types of YES Bank Fixed Deposits:
There are three types of YES Bank fixed deposits.
- Resident fixed deposit
- Tax saver fixed deposit
- Senior citizens fixed deposit scheme
#1 Resident Fixed Deposit:
Features & the eligibility criteria for the resident fixed deposits are mentioned below.
Features
- The tenure for this account will range from 7 days to 10 years.
- There will be no penalty for premature withdrawal.
- Auto-renewal facility is available.
- An overdraft facility is available.
- The inter-city banking facility is also available.
Eligibility
- Resident individual
- Hindu undivided family.
- The companies, sole partnerships or trusts.
- Trusts.
- Clubs, associations and societies.
#2 Tax Saver Fixed Deposit:
Features & the eligibility criteria for the tax saver fixed deposits are mentioned below.
Features
- The tax saver fixed deposit would be having the lock-in period for a minimum of 5 years.
- Tax exemption under 80c.
- No permission for premature withdrawal.
- A joint account facility is available.
- Senior citizens and NRIs are eligible
- Loan against FD is not permitted
Eligibility
- Resident individual
- Hindu undivided family.
- The companies, sole partnerships or trusts.
- Trusts.
- Clubs, associations and societies.
Also, Check – YES Bank Personal Loan
#3 Senior Citizen Fixed Deposit Scheme:
Features & the eligibility criteria for the senior citizen fixed deposits are mentioned below.
Features
- The senior citizens will get 0.50% more than average interest rates.
- The fixed deposit ranges from 5.50% to 8.20%.
- A joint account facility is available but the primary holder of the account will be the first senior citizen only.
Eligibility
- Indian residents of age 60 and above is eligible for opening senior citizen fixed deposit account in YES Bank.
Conclusion:
YES Bank is one of the fifth largest banks in India. It has more than 1000+ branches and also, more than 1800+ ATM’s are already operating in India. In this article, we have discussed and also, mentioned the YES Bank fixed deposit scheme as we all know this bank is good in providing a more FD interest rate than any other private bank.
Sudha is the senior publisher at Finance Glad. Sudha completed her education in BBA (Bachelor of Business Administration). She lives in Chennai. She is currently heading towards the banking topics. Sudha is an expert in analyzing and writing about most of the banks and credit card reviews. Sudha main hobbies and interests are reading, writing and watching the quality stuff over the internet. She usually wants to learn more productive stuff and share the best information to her readers over the internet via Finance Glad.