YES Bank Fixed Deposit Rates        

Individuals who maintain a fixed deposit account with YES Bank for 18-24 months can get up to 7.75% returns. For senior citizens, the FD rates range between 3.75%-8.25% across various tenures. Moreover, a person can start investing in YES Bank FDs with just ₹10,000. 

To learn everything related to the latest YES Bank fixed deposit rates, keep reading!

YES Bank FD Rates for General and Senior Citizens 

It is easy to book YES Bank FDs by providing the necessary details and documents. Besides age, the fixed deposit rates tend to vary based on the account type chosen (callable or non-callable) and the amount a person is depositing.

For instance, if you book a fixed deposit with a principal amount of less than ₹3 crore, you will receive 7.25% returns over one year. However, if the investment exceeds ₹3 crore, the bank offers 7.70% per annum for the same tenure. In addition, senior citizens are offered 0.50%-0.75% extra returns across different terms. 

For more clarity, you can verify through the Stable Money chart for interest rates of FD in YES Bank given on our mobile application.

Now, here’s a quick example:

Suppose, you decide to open an YES Bank FD with ₹90,000 for 1 year. Considering the latest rates, your account will attract 7.25% yearly interest on this amount. Therefore, you will get ₹96,526 on the maturity date with ₹6,526 as total returns. Similarly, if someone who is above 60 years old makes the same investment they will receive ₹96,975 after the 1-year period is over. 

Term Wise YES Bank Fixed Deposit Rates

Once you have checked the YES Bank fixed deposit rates PDF online, you can refer to the following section to get return estimates over different periods.

  • Short Term

Let us assume that a person below 60 years decides to invest ₹2,50,000 in YES Bank fixed deposit for 6 months. The bank will offer him/her ₹6,174 after maturity at 5.00% p.a. interest. However, for senior citizens, the total return will be ₹6,783 as they will receive an additional 0.50%. 

  • Medium Term

For mid-term financial goals, a person can open a YES Bank fixed deposit and maintain their investment for 3 years. In this case, they will receive ₹58,413 on a principal of ₹2,50,000, as the bank offers a 7.25% return. 

  • Long Term

To fulfil long-term goals, a person can invest for 5-10 years and earn competitive interest rates of FD in YES Bank. For instance, if someone puts ₹5,00,000 in an FD for 10 years with YES Bank, they will be entitled to receive ₹10,54,734 at maturity which almost doubles their invested principal. 

Benefits of YES Bank Fixed Deposit 

Some key benefits of opening a YES Bank FD account are:

  • Versatile Interest Payouts: Both cumulative and non-cumulative FD schemes offer attractive annual rates. Moreover, those availing a non-cumulative FD can choose monthly, quarterly or yearly interest. 
  • Enhanced Flexibility: By verifying the interest rate chart, customers can pick a tenure that offers suitable interest rates. YES Bank FDs can be retained for a period of 7 days to 10 years. 
  • Quarterly Compounding: Instead of yearly compounding, your principal and the accrued interest amount are quarterly compounded in YES Bank FD schemes.

In addition, customers can avail overdraft facilities against their FDs for up to 90% of their investment at the time of an emergency. 

Eligibility to Avail YES Bank FD Interest Rates

The following entities can receive the attractive interest rate of FD in YES Bank:

  • Resident Indians
  • Non-Resident Indians
  • Sole proprietorships and partnerships
  • Family trusts
  • Associations and clubs

Documents Required to Avail YES Bank FD Interest Rates

To start receiving interest income from YES Bank fixed deposit rates, you must create an account by submitting:

  • Permanent Account Number (PAN)
  • KYC verification documents like Aadhaar card
  • Address proof documents like electricity/gas bill
  • Certificate of Incorporation/Registration (for companies)
  • Trust deed and registration certificate (for family trusts)
  • Copy of the by-laws when the applicant is club, society or association

Premature Withdrawal of YES Bank FD

No principal amount is deducted for early withdrawals on YES Bank fixed deposits. However, a 0.75% penalty can be levied on YES Bank fixed deposit rates if you redeem your funds in less than 181 days. The penalty increases to 1% of the promised interest if a person withdraws funds after 182 days or more but before maturity.

Calculate your premature FD withdrawal amount instantly! Use our Premature FD Calculator to find out how much you will receive.

Tax on YES Bank Fixed Deposit

The income that you generate from YES Bank fixed deposit rates is subject to 10% TDS if the amount exceeds ₹40,000 in a financial year. For senior citizens, TDS is deducted when their interest earnings become more than ₹50,000 in a single year. 

To save the tax liabilities for up to ₹1.5 lakh every year, you can invest in YES Bank 5-year tax-saving fixed deposits. It helps to lawfully reduce your taxable income. 

Why Should You Choose Stable Money to Book Fixed Deposit?

Stable Money is a user-friendly platform that allows online investors to compare safe and secure FD deals in one place. Here, you can get fixed deposits that can earn you 9.50% interest per annum. Moreover, your deposits remain totally safe as they are insured under DICGC, a subsidiary of the RBI. 

We advise you to compare the YES Bank fixed deposit rates with other providers via our app and choose the investment plan that best suits your needs.

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