Yes Bank is a prominent private sector bank in India, known for its customer-centric services and innovative banking solutions. It offers fixed deposits with attractive interest rates, flexible tenures, and higher rates for senior citizens. Use the calculator to estimate your interest and maturity amounts.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 days to 14 days | 3.25 | 3.75 |
| 15 days to 45 days | 3.70 | 4.20 |
| 46 days to 90 days | 4.10 | 4.60 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5.00 | 5.50 |
| 181 days to 271 days | 6.10 | 6.60 |
| 272 days to < 1 year | 6.35 | 6.85 |
| 1 year | 7.25 | 7.75 |
| 1 year 1 day to < 18 months | 7.50 | 8.00 |
| 18 months | 8.00 | 8.50 |
| 18 months 1 day to < 24 months | 7.75 | 8.25 |
| 24 months to < 36 months | 7.25 | 7.75 |
| 36 months to < 60 months | 7.25 | 8.00 |
| 60 months | 7.25 | 8.00 |
| 60 months 1 day to <= 120 months | 7.00 | 7.75 |
Data last updated on 01/09/2024. Check latest interest rates here.
Yes Bank FD Calculator
Yes Bank FD FAQs
What is the minimum amount required to open a Fixed Deposit at Yes Bank?
The minimum investment amount for a Fixed Deposit is ₹10,000.
Can I manage my Fixed Deposit online?
Yes, you can book and manage your Fixed Deposits through Yes Bank’s digital channels like YES Online, the iris Mobile App, and WhatsApp Banking, for deposits up to ₹5 crore.
Are there payout options for interest on Fixed Deposits?
Yes, you can choose monthly or quarterly payout options for a regular income.
Does Yes Bank offer auto-renewal for Fixed Deposits?
Yes, Fixed Deposits can be set to auto-renew, so you don’t have to track the maturity date.
Is TDS applicable on the interest earned from Fixed Deposits?
Yes, TDS is deducted if the interest exceeds ₹40,000 per customer in a financial year, or ₹50,000 for senior citizens, as per the Income Tax Act.