Yes Bank hikes premature withdrawal penalty charges on FDs

Yes Bank has hiked the fee for premature withdrawal from fixed deposits. The higher penalty amount will come into effect from August 8, 2022, according to Yes Bank website.
From August 8, these will be the applicable penalty amount:

If tenure of FD (Completed) is less than equal to 181 days, the penalty charged will be 0.50% (up from 0.25%).
If tenure is 182 days and above, the penalty charged will be 0.75% (up from 0.50%). Note that Yes Bank does not impose a premature penalty on its senior citizen customers.


According to Yes Bank website, these are key points to note