Yes Bank revises fixed deposit rates. Check latest FD interest rates here
PremiumYes Bank's new fixed deposit (FD) interest rates are with effect from 3 June
Yes Bank offers multiple fixed deposit (FD) schemes to both regular and senior citizens. The bank provides fixed deposit schemes for a tenure starting from a period of 7 days (short term) to 10 years (long-term). The Bank has revised the interest rate on its term deposits effective 3 June 2021. After the latest revision, Yes Bank offers an interest rate of 3.25% on deposits maturing in seven to fourteen days, 3.5% on 15 to 45 days, and 4% on 46 to 90 days FDs. Yes Bank gives 4.5%, 5% on term deposits maturing in 3 months to less than 6 months and 6 months to less than 9 months respectively.
For FDs with a maturity period of 9 months to less than 1 year, the Bank gives an interest rate of 5.75%.
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Term deposits maturing in 1 year to less than 2 years will fetch an interest rate of 6%. FDs maturing in 2 years to less than 3 years will give 6.25% whereas deposits maturing in 3 years to 10 years will give 6.50%.
Yes Bank latest FD rates (below ₹2 crores) for the general public effective 3 June 2021
7 to 14 days 3.25%
15 to 45 days 3.50%
46 to 90 days 4%
3 months to < 6 months 4.50%
6 months to < 9 months 5%
9 months to < 1 Year 5.25%
1 years < 2 years 6%
2 years < 3 years 6.25%
3 Years to <= 10 years* 6.50%
Yes Bank latest FD rates (below ₹2 crore) for senior citizens
Senior citizens continue to get 50 basis points higher interest rates than the general public. The bank offers interest rates from 3.75% to 7.25% on FDs maturing in 7 days to 10 years.
Meanwhile, On Friday, Yes Bank reported a ₹3,790 crore loss on a consolidated basis for the March quarter, as against a profit of ₹2,665 crore in the year-ago period, as the asset quality reverses faced due to the COVID-19 pandemic forced the bank to set aside money for potential loan losses.
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