YES Bank Fixed Deposit: YES Bank offers its customers many fixed deposit options to lock their excess assets for a fixed term. At the point of opening the account with the bank, a person will make a deposit into their FD account. During the loan period, the customer cannot deposit any money and withdraw the money in the account. YES Bank’s fixed deposits have a higher interest rate than their savings deposits.
YES Bank knows that your investments have to be stable and secure. The fixed deposits give you greater profit and safe dividends, as well as versatility to keep your money in flexible units. Therefore, the whole deposit does not have to be broken down.
FD or Term deposits represent a low-risk savings option with a fixed return benefit. Get now access to YES Bank’s highest FD rates!
FD Rate (p.a.)
FD Rate (p.a.)
|7 – 45 days||5.00%||5.50%|
|46 – 90 days||6.25%||6.75%|
|3 – 5 months 29 days||6.25%||6.75%|
|6 – 8 months 29 days||6.85%||7.35%|
|9 months – 364 days||7.15%||7.65%|
|1 year 10 days – 1 year 20 days||7.40%||7.90%|
|1½ year 8 days – 1½ year 18 days||7.40%||7.90%|
|1 – 10 years||7.25%||7.75%|
|2 – 3 years||7.75%||8.25%|
Good Rate of Interest on Yes Bank FD:
To depositors expecting competitive returns and high security, the FDs are desirable financial instruments. The YES bank FD rate of interest is 5.00% p.a. to 7.15% for a tenure of 7-days to 1-year term investment. Such investments have less than one year of tenure, so it is named as short term deposits.
Compare also tenure-wise banking FD rates and choose FD interest rates at which the bank offers the highest fixed deposit interest rate. Yes Bank FD prices are the highest for 2 to 3-year term deposits with an FD interest rate of 7.50 per cent p.a.
Read More – How to Request for Yes Bank Cheque Book Online?
YES Bank FD interest rates offer good returns for long-term payments with tenure from five to ten years. YES Bank Fixed deposit rates for 10-year tenure deposits are 7.25%. Deposit rate of 7.75% p.a. is offered to senior citizens for long-term FDs.
Important Factors Affecting Yes Bank Fixed Deposit Interest Rates:
YES Bank’s deposit rates depend on a number of factors such as RBI monetary policies, the rate of economic growth, credit demand and the bank’s liquidity status.
- RBI Policies: The adjustment in the CRR and repo rate would, in compliance with the RBI guidance, impact the interest rate on all financial instruments, including the fixed deposit.
- Recession: The recession leads to a reduction in the fixed deposit interest rate. The bank lowers the FD prices as a result of high liquidity and low credit demand.
- Inflation: Banks typically set FD interest rates to be higher than the current inflation rates. Thus, in times of rising inflation, FD rates tend to be higher.
- Economic Situation: Banks offer higher interest rates in times of high credit demand to collect additional funds by means of fixed deposits.