Yes Bank 2024 Interest Rate For FD- The FD interest rates at YES Bank range from 3.25-7.75% per annum. to everyday people and 3.75 to 5.25% per year. to senior citizens for periods of seven days to ten years. YES Bank Tax Saving FDs have an annual interest rate of 7.00%. for the public at large. NRIs can also take advantage of the bank’s NRE, RFC, and FCNR (B) fixed deposit options. Fixed deposits in Hong Kong dollars (HKD), Singapore dollars (SGD), Euros (EURO), Japanese yen (JPY), Canadian dollars (CAD), Australian dollars (AUD), and US dollars (USD) are accepted by YES Bank.
RFC fixed deposits can be made in USD, GBP, EUR, JPY, CAD, and AUD at the bank. The Yes Bank 2024 interest rate for FDs is determined using a weighted average of several factors, including the bank’s current assessment of its financial needs and its ability to obtain funding from outside sources. These factors are then adjusted for the specific characteristics of each deposit account held at Yes Bank, such as maturity or risk profile.
Yes Bank 2024 Interest Rate For FD
Before making an investment in fixed deposits, individuals must evaluate profitability regardless of their security. This is where the Yes Bank FD calculator can come in handy. This kind of calculator shows the maturity amount and total interest earnings from a particular FD investment with the bank. It is essentially a computation tool that takes into account investments, terms, interest rates, and other factors to determine FD profitability.
Because senior citizens are eligible for higher interest earnings, the investor’s age may also play a significant role in his profitability. A Yes Bank FD calculator 2024 can be used until the user is satisfied with the results. To achieve the desired profits, they can keep adjusting the parameters. The Yes Bank 2024 interest rate for FDs may differ from the actual interest rate offered on deposit accounts at Yes Bank. This is because each bank has different funding costs and other factors that influence its overall financial position. For this reason, it is important to consult a financial advisor or other professional before making any major financial decisions, especially if you have investments in deposit accounts with Yes Bank.
Yes Bank 2024 Interest Rate For FD Details
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What is a Yes Bank FD?
Customers can choose from a wide range of financial and banking services from Yes Bank, a leading Indian bank. Customers have the option of investing in a fixed deposit scheme from the attractive buffet of options. One of the safest ways to build wealth is through fixed deposits. Unlike many other forms of investment, these options do not involve market risks. As a result, investors who prefer low risk investments will find them to be an excellent choice.
Benefits of Yes Bank Fixed Deposit
Check Also- HDFC Bank 2024 Interest Rate For FD
Types of YES Bank Fixed Deposits Schemes
There are several different types of YES Bank fixed deposits schemes. The most common are savings and current accounts. These allow you to keep a certain amount of money in the bank, usually for a set period of time, and receive interest on that sum. There are also fixed deposits for specific purposes, like paying off a home loan or funding a student’s education. And some banks will offer investment products, allowing you to invest your funds and earn a return on them over time.
Regular Fixed Deposits
- Minimum sum to put down: Tenure: 10,000 Rupees
- There is a sweep-in and sweep-out facility,
- fixed deposits can be pre-matured with a sweep-in facility.
- There is also a overdraft facility for up to 90 percent of the principal amount of the FD.
- The reinvestment fixed deposit option gives you quarterly compounding interest.
- There are monthly and quarterly payout options.
YES Respect Fixed Deposits
- Tenure: 7 days to less than 3 years
- Additional 0.50% interest rate on regular interest rates is offered to senior citizens
- Sweep-in and Sweep-out facility is available
- Fixed deposits can be pre-matured with a sweep-in facility
- Depositors can avail overdraft facility for up to 90% of their principal FD amount
- Depositors have an option to reinvest fixed deposits to get quarterly compounding interest
- Monthly/quarterly payout options are also available
YES Respect Plus Fixed Deposits
- Tenure: 3 years – 10 years
- Additional 0.75% interest rate on regular interest rates is offered to senior citizens
- Sweep-in and Sweep-out facility is available
- Fixed deposits can be pre-matured with a sweep-in facility
- Overdraft facility is available for up to 90% of the principal FD amount
- Re-investment fixed deposit option is available
- Quarterly compounding, as well as monthly/quarterly payout options, is available
Tax Saver Fixed Deposits
- Depositors can claim tax exemption up to Rs 1.5 lakhs per financial year under section 80C of the Income Tax Act
- Tenure: 5 years with lock-in for the entire tenure
- Deposit amount: Minimum: Rs 10,000; Maximum: Rs 1.5 lakhs per financial year
- Depositors have the option of receiving a quarterly payment or reinvesting their money
Floating Rate Fixed Deposits
- FD interest rates are linked to the prevailing REPO rate
- The interest rates are reset on 1st day of every month as per the prevailing REPO rate on the last day of the previous month
- Depositors can avail overdraft facility for up to 90% on their deposits
- Minimum deposit amount: Rs 10,000
- Tenure: 1 year to less than 3 years
- Senior citizens are offered an additional interest rate of 0.50% p.a. for deposits less than Rs 2 crore and up to 0.45% p.a. for deposits of Rs 2 crore to less than Rs 5 crore
- The reinvestment option is available with pay-out at maturity
Read More-RBL Credit Card Payment 2024
Senior Citizen Benefits:
| Deposit amount: Rs 10,000 to less than Rs 2 crore | |
| Tenure | Mark-up |
| 1 year to less than 36 months | 0.50% |
| Deposit amount: Rs 2 crore to less than Rs 5 crore | |
| Tenure | Mark-up |
| 1 year to less than 18 months | 0.45% |
| 18 months to less than 36 months | 0.25% |
NRO Fixed Deposits
- Qualification: Non-Occupant Indians (NRIs) and People of Indian Beginning (PIOs)
- Least store sum: Rs 10,000
- Residency: 7 years – 10 years
- Programmed restoration office is accessible
- Month to month or quarterly interest payout choice is allowed
- Designation Office is accessible
- Overdraft offices of up to 90% of the store sum are proposed to investors
- NRO FD can be reserved through the bank’s computerized channels – YES Versatile, YES On the web, and YES ROBOT
Read More- YES Bank RTGS Form Download 2024
FCNR Fixed Deposit
- Qualification: NRIs and PIOs
- Contributors can hold stores in any of the 8 unfamiliar monetary forms: US dollar (USD), Euro (EUR), Pound real (GBP), Australian Dollar (AUD),
- Japanese Yen (JPY), Canadian Dollar (computer aided design), Singapore dollar (SGD) and Hong Kong dollar (HKD)
- Residency: 1 year – 5 years
- Head and interest sums are completely repatriable
- Programmed recharging office on store is accessible
- Assignment office is proposed to investors
- Overdraft office is accessible against FCNR Store
Premium Rupee Plan
- Qualification: NRIs and PIOs
- This plan is focused on NRI/PIO contributors looking to procure a better return than NRE FDs by booking forward agreements against FCNR stores.
- Least store sum: USD 25000 or its same
- Residency: Up to development of FCNR (B) store
- Overdraft office is accessible under this plan
- Assets can be kept in any convertible money, which will be then switched over completely to YEN
Resident Foreign Currency (RFC) Fixed Deposit
- Qualification: NRI who gets back to India and turns into an inhabitant Indian
- Contributors can hold stores in any of the 6 unfamiliar monetary standards: USD, GBP, JPY, EUR, AUD and computer aided design
- Residency: 1 year – 3 years
- The head and the interest sum are completely repatriable
- The equilibriums can be uninhibitedly moved to NRE or FCNR stores
- Stores can be reserved through YES On the web
NRE Fixed Deposits
- Qualification: NRIs and PIOs
- Least store sum: Rs 10,000
- Residency: 1 year – 10 years
- Rule and interest are completely repatriable
- Programmed reestablishment and assignment office is accessible
- Month to month or quarterly interest payout choice is allowed
- Overdraft office is accessible for up to 90% of the store esteem
- Investors can book NRE FD through the bank’s advanced channels
Check Also- CUB Net Banking 2024
Premature Withdrawal Penalty of Fixed Deposits
- Fixed stores can be pre-developed with a compass in office
- All new and auto-restored FDs reserved for stores esteem not as much as Rs 5 crores would be dependent upon an untimely withdrawal punishment
| Tenure of Fixed Deposit (Completed) | Penal Rate (% p.a.) | ||
| booked on or after 5 July 2019 | FDs booked on or after 16 May 2022 | FDs booked on or after 8 August 2022 | |
| Less than equal to 181 days | NIL | 0.25 | 0.50 |
| 182 days and above | 0.50 | 0.50 | 0.75 |
- Senior citizen FD depositors who booked or renewed their FD on or after May 16, 2022 are exempt from the premature withdrawal penalty.
- However, for floating rate fixed deposits with values of Rs 5 crore or more, the existing penalty structure will remain the same—0.25%—for all tenure and value buckets.
| Tenure of Fixed Deposit | Penalty Rates (% p.a.) |
| 7 days to 90 days | 3.00 |
| 91 days to 181 days | 2.50 |
| 182 days to less than 12 months | 2.00 |
| 12 months to less than 36 months | 1.00 |
Overdraft facility against NRE/NRO FD
- This plan is available to NRI customers who have a single-holding NRO savings account.
- This overdraft facility lets depositors meet their immediate needs without having to liquidate the FD.
- The interest rate will be 1% higher than the fixed deposit rate.
- There are no processing fees or additional documents required.
- There are no EMIs. It is easy to pay off in one lump sum. Minimum: Rs 10,000; Maximum: under Rs. 2 crore
YES Bank NRE FD Interest Rates
| Tenure | Below Rs. 2 crores | Annualised Yield |
| 1 year to < 18 months | 7.00%* | 7.19% |
| 18 months to 36 months | 7.00%* | 7.19% |
| 36 months to <= 10 years | 6.75% | 6.92% |
| Special Rate (20 months to 22 months) | 7.25% | 7.45% |
Also Read-YES Bank RTGS Form Download 2024
YES Bank NRO FD Interest Rates
| Tenure | Below Rs. 2 crores |
| 7-14 days | 3.25%* |
| 15-45 days | 3.70%* |
| 46-90 days | 4.10%* |
| 91-180 days | 4.75%* |
| 181-9 months | 5.50%* |
| 9 months to 1 year | 5.75%* |
| 1 year < 20 months | 7.00%* |
| 22 months 1 day to <30 months | 7.00% |
| 30 months 1 day <36 months | 7.00% |
| 36 months to <= 120 months | 6.75% |
YES Bank NRE FD Calculator
With the help of an expert, you can figure out your FD returns and more. At SBNRI, you can talk directly to experts in the field who will personally handle your particular process and help you along the way. To immediately get in touch with our expert, simply click the button below. Using Paisa bazaar’s FD Calculator, investors can check the maturity amount of their Fixed Deposits. To determine how much their investment will be worth at maturity, users will be required to enter the amount they wish to deposit, their preferred investment tenure, and the applicable FD rate for that tenure.
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