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Old April 21st, 2016, 02:35 PM
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Join Date: Nov 2011
Default Re: FD Schemes In Yes Bank

Yes bank secure Fixed Deposits provide you greater earnings with the flexibility of maintaining your funds in accessible units; therefore, you do not need to break the entire deposit.

Candidates are invited to enjoy its privilege in different ways as YES BANK offers you a range of Fixed Deposit schemes that give you a good rate of interest, thereby providing you with a strong sense of security.

Features of YES Fixed Deposits:

Wide range of tenures ranging from seven days to 10 years
Best-in-class interest rates
Senior citizens get an extra benefit on the interest rate (0.50% extra)
Earn compounded interest by reinvesting the principal and interest*
No penalty on premature withdrawal
Withdraw your deposit in units as low as Re 1/-
Easy funds withdrawal through our sweep-in facility
Avail of overdrafts against your deposits at competitive rates, thus giving you complete funds liquidity
Auto Renewal, ensuring that your Fixed Deposit will be rolled over for the existing period of the deposit, even if you forget to give instructions
Tax Saver Deposits - Five years tax-free Fixed Deposit (Interest Rates same as Regular Fixed Deposits)

YES BANK offers FDs with interest rate varying from 5.50% to 8.00% per annum for fixed deposits. For a tenor of 30 days, the bank offers 5.50% interest.

For the next slab of 46 to 90 days and from 91 to 180 days respectively, the interest rate is 7.10% and 7.40% p.a. respectively.

For a tenor of 181 days to less than 9 months, the bank offers 7.75% p.a. For fixed deposits from 9 months to 1 year, the rate is 7.75% p.a

Fixed Deposit Interest Rates--

Resident Fixed Deposit Interest Rates (% P.A):

Period Rates for < 1 Crore w.e.f 19th October 2015
Regular Senior Citizen
Interest Rates Annualised Yield
Interest Rates Annualised Yield
7 to 45 days 5.50% 5.50% 6.00% 6.00%
46 to 90 days 7.00% 7.00% 7.50% 7.50%
3 months to < 6 months 7.25% 7.25% 7.75% 7.75%
6 months to < 9 months 7.25% 7.31% 7.75% 7.82%
9 months to < 1 Year 7.25% 7.38% 7.75% 7.90%
1 Year to <= 10 years* 7.75% 7.98% 8.25% 8.51%
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