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Vipul Das

Yes Bank hikes FD rates, senior citizens earn up to 8.00% on 30 months of tenor

Yes Bank is now providing a maximum interest rate of 7.50% for the general public and 8% for senior citizens on a special fixed deposit tenor of 30 months. (Mint)

Yes Bank FD Rates

As of right now, Yes Bank is guaranteeing an interest rate of 3.70% on deposits that mature in the next 7 to 14 days and an interest rate of 3.25% on deposits that mature in the next 15 to 45 days. A deposit tenor of 46 days to 90 days will now earn interest at a rate of 4.10%, while one of 91 days to 180 days will earn interest at a rate of 4.75%, according to a recent statement from Yes Bank. 

Deposits maturing in the next 181 days to 271 days will now earn interest at 5.75%, while deposits maturing in the next 272 days to a year will now earn interest at 6.00%. Yes Bank is currently providing deposits maturing in 1 year to 120 months with a maximum standard rate of 7% per year.

Yes Bank FD Rates (yesbank.in)

Effective from 3rd January 2023, Yes Bank has introduced a new special tenor of 15 months, on which the general will get an interest rate of 7.25% and senior citizens can get an interest rate of 7.75%. Yes Bank introduced a special FD tenure of 30 months effective as of 09-December-22, under which the general will get an interest rate of 7.50% and senior citizens will get an interest rate of 8.00%. 

Yes Bank also introduced a special FD tenure of 20 months to 22 months on 12-October-22 on which the bank is promising an interest rate of 7.25% for non-senior citizens and 7.75% for senior citizens. At Yes Bank, an FD may be opened for as little as INR 10,000 with a minimum term of 7 days and a maximum tenure of 10 years.

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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