Yes Bank has recently updated its fixed deposit (FD) interest rates for deposits under Rs 3 crore.
For general citizens, the bank now offers interest rates ranging from 3.25% to a maximum of 7.75%. Senior citizens enjoy a slightly higher range, from 3.75% to 8.25%.
The bank has specifically reduced the interest rate on the 18-month tenure by 25 basis points, bringing it down from 8% to 7.75% for general citizens. However, senior citizens continue to receive an 8.25% interest rate on this tenure.
Highest Returns on 18-Month FDs
Yes Bank provides its highest returns on the 18-month FD, where general citizens receive a 7.75% interest rate, while senior citizens get 8.25%.
For tenures between 18 months and one day to less than 24 months, these rates remain the same. For a one-year FD, general citizens are offered 7.25%, and senior citizens receive 7.75%.
Across all terms from over one year to 60 months, the bank maintains interest rates above 7% for general depositors.
Yes Bank FD Interest Rates by Tenure
7 to 14 days – 3.25%
15 to 45 days – 3.70%
46 to 90 days – 4.10%
91 to 120 days – 4.75%
121 to 180 days – 5.00%
181 to 271 days – 6.10%
272 days to less than 1 year – 6.35%
1 year – 7.25%
1 year 1 day to less than 18 months – 7.50%
18 months – 7.75%
18 months 1 day to less than 24 months – 7.75%
24 months to less than 36 months – 7.25%
36 months to less than 60 months – 7.25%
60 months – 7.25%
60 months 1 day to 120 months – 7.00%
Changes in Interest Rates for Fixed Deposit Tenures
One key change is a reduction in interest rates for FDs with an 18-month tenure. The interest for these FDs has been decreased by 0.25%, from 8% to 7.75%.
However, senior citizens will still receive a higher rate of 8.25% for this tenure.
Yes Bank has lowered the interest rate on the 18-month FD tenure by 0.25%, from 8% to 7.75%.