Yes Bank FD Interest Rates 2023: Customers getting strong returns

Yes Bank FD Interest Rates: Yes Bank is giving strong returns to its customers through its Fixed Deposit (FD) scheme. Fixed Deposit schemes are available to customers of both public and private banks, providing a safe investment option. In these schemes, the invested amount remains safely deposited for a fixed period, thereby providing the customers with a good return on their investment along with a specified rate of interest.

Yes Bank Fixed Deposit Rate: Yes Bank FD Interest Rates

Yes Bank, being a private bank, offers attractive returns to its customers with high-interest rates through its FD scheme. Customers have the facility to open fixed deposit accounts for both short and long-term. Opening an FD account with Yes Bank is a straightforward and time-efficient process. In this article, we will get to know about Yes Bank FD rates for 2023, the benefits of having FD with Yes Bank, the interest rate for Yes Bank Tax Saver FD, and the process of making FD with Yes Bank.

Yes Bank offers competitive interest rates on its Fixed Deposits, enabling customers to maximize their savings. Any Yes Bank customer can open a Fixed Deposit account with a minimum amount of Rs 10,000, with a tenure ranging from a minimum of 7 days to a maximum of 10 years. Common citizens can earn attractive interest rates of 3.25-7.75% p.a. on their FDs, while senior citizens can enjoy higher rates of 3.75-8.25% p.a. Yes Bank also offers Fixed Deposits in various foreign currencies like USD, EUR, GBP, AUD, JPY, CAD and SGD.

Yes Bank FD Rate 2023

Different Types of FD Schemes Offered by Yes Bank:

Regular Fixed Deposit Scheme

Under this scheme, Yes Bank offers higher assured rate of return as compared to other fixed deposits. Customers can open an account with a minimum deposit of Rs 10,000, and the tenure can range from 7 days to 10 years. The scheme also offers sweep-in and sweep-out facility, allowing the customer to avail overdraft facility up to 90% of the original FD amount.

Tax Saver Fixed Deposit Scheme:

Yes Bank’s Tax Saver Fixed Deposit scheme allows customers to avail tax exemption on their FDs under Section 80C of the Income Tax Act. Account holders can enjoy tax exemption on investments up to Rs 1.5 lakh per financial year. The minimum deposit amount required for this scheme is Rs 10,000, and the maximum deposit amount is Rs 1.5 lakh.

Yes Samman Fixed Deposit Scheme:

The tenure of Yes Respect Fixed Deposit scheme ranges from 7 days to less than 3 years. The scheme offers the facility of an additional 0.50% interest rate to senior citizens along with regular interest rates. It also offers the option of monthly or quarterly payouts and allows customers to avail overdraft facility of up to 90% of the original FD amount.

It is important to note that interest rates and terms may be subject to change. Hence, it is advised to visit the official website of Yes Bank or contact the bank directly for the latest information on FD rates and schemes.