YES Bank FD Rates

Comparison of Top 20 Scheduled Banks based on FD Rates

YES Bank Tax Saver Deposit

Tenure	Interest Rate (% p.a.)
5 years	7.25

YES Bank FD Rates on Domestic Deposits of Rs 3 crore to less than Rs 3.10 crore w.e.f. 14 November 2024 (with premature withdrawal facility)

Tenure	Interest Rates (% p.a.)
7 days to 14 days	4.95
15 days to 30 days	5.05
31 days to 45 days	5.75
46 days to 60 days	6.25
61 days to 90 days	6.75
91 days to 120 days	6.90
121 days to 150 days	7.00
151 days to 180 days	7.10
181 days to 270 days	7.20
271 days to less than 1 year	7.40
12 months (1 year)	7.70
12 months 1 day to 12 months 20 days	7.65
12 months 21 days to less than 15 months	7.65
15 months	7.65
15 months 1 day to less than 18 months	7.65
18 months to less than 20 months	7.55
20 months to 22 months	7.55
22 months 1 day to less than 2 years	7.55
2 years to less than 3 years	7.25
3 years to less than 5 years	7.15
5 years	7.15
5 years 1 day and above	7.15

Yes Bank Fixed Deposit Interest Rates of Floating Rate Fixed Deposits Rs 10,000 to Rs 5 crores w.e.f. 1 March 2023

Tenure	REPO Rate	Mark-up rate	Interest Rates (p.a.)
1 year to less than 18 months	6.50%	1.10%	7.60%
18 months to less than 3 years	6.50%	1.60%	8.10%

YES Bank Fixed Deposit rates on Non-Resident External (NRE) Fixed Deposits of less than Rs 3 crore w.e.f 5 November 2024

Period	Interest Rates (% p.a.)
1 year	7.25
1 year to less than 18 months	7.50
18 months	7.75
18 months 1 day to less than 24 months	7.75
24 months to less than 36 months	7.25
36 months to less than 60 months	7.25
60 months	7.25
60 months to 120 months	7.00

YES Bank FD Interest Rates on FCNR (B) Deposits w.e.f. 28 October 2024

Period	Interest Rates (% p.a.)
	USD (less than 1 million)	GBP	EURO	JPY	CAD	AUD	HKD	SGD
1 year to less than 2 years	5.80	5.65	4.10	2.15	4.60	4.75	3.00	4.05
2 years to less than 3 years	5.00	5.00	3.65	2.30	4.60	4.50	3.00	3.75
3 years to less than 4 years	4.80	4.25	2.55	2.25	4.30	4.30	1.35	3.60
4 years to less than 5 years	4.75	4.00	2.00	0.05	4.10	4.30	1.35	1.40
5 years only	4.60	4.00	2.00	2.20	4.00	4.30	1.35	1.40

YES Bank Fixed Deposit Interest Rates on RFC Deposits w.e.f. 28 October 2024

Period	Interest Rates (% p.a.)
	USD (less than 1 million)	GBP	EURO	JPY	CAD	AUD
1 year to less than 2 years	5.80	5.65	4.10	2.15	4.60	4.75
2 years to less than 3 years	5.00	5.00	3.65	2.30	4.60	4.50
3 years to less than 4 years	4.80	4.25	2.55	2.25	4.30	4.30

Yes Bank Credit Cards Against FD

Secured Cards	Minimum FD	Joining Fees	Annual Fee
YES FIRST Preferred Credit Card	Rs 3 lakhs	Rs 999	Rs 999
YES Premia Credit Card	Rs 2 lakhs	Rs 999	Rs 999
YES Prosperity Rewards Plus Credit Card	Rs 30,000	Rs 399	Rs 399
Vs
Paisabazaar Step UP Credit Card	Rs 2,000, can add more anytime	NIL	NIL

Types of YES Bank Fixed Deposits Schemes

Yes Bank Regular Fixed Deposits

• Minimum deposit amount: Rs 10,000
• Tenure: 7 days – 10 years
• 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 to get quarterly compounding interest
• Monthly/quarterly payout options are available

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 the 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 citizen FD depositors
• 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 deductions on FD (principal amount) of 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

Yes Bank Floating Rate Fixed Deposits

• FD interest rates are linked to the prevailing REPO rate
• The interest rates are reset on 1^st 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% of 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 up to 2.10% p.a. for deposits less than Rs 2 crore and up to 1.85% p.a. for deposits of Rs 2 crore to less than Rs 5 crore
• The reinvestment option is available with pay-out at maturity
• Sweep-in & sweep-out is not available for floating rate fixed deposits

Senior Citizen Benefits on Floating Rate Fixed Deposits:

Deposit amount: Rs 10,000 to less than Rs 2 crore
Tenure	Mark-up*
1 year to less than 18 months	1.60%
18 months to less than 3 years	2.10%

Deposit amount: Rs 2 crore to less than Rs 5 crore
Tenure	Mark-up*
1 year to less than 18 months	1.55%
18 months to less than 3 years	1.85%

*Mark-up rate is the additional interest rate offered by the YES bank over and above the REPO rate (6.50%)

Yes Bank NRO Fixed Deposits

• Eligibility: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
• Minimum deposit amount: Rs 10,000
• Tenure: 7 years – 10 years
• Automatic renewal facility is available
• Monthly or quarterly interest payout option is permitted
• Nomination Facility is available
• Overdraft facilities of up to 90% of the deposit amount are offered to depositors
• NRO FD can be booked through the bank’s digital channels – YES Mobile, YES ONLINE, & YES ROBOT

Yes Bank FCNR Fixed Deposit

• Eligibility: NRIs & PIOs
• Depositors can hold deposits in any of the 8 foreign currencies: US dollar (USD), Euro (EUR), Pound sterling (GBP), Australian Dollar (AUD), Japanese Yen (JPY), Canadian Dollar (CAD), Singapore dollar (SGD) and Hong Kong dollar (HKD)
• Tenure: 1 year – 5 years
• Principal and interest amounts are fully repatriable
• Automatic renewal facility on deposit is available
• Nomination facility is offered to depositors
• Overdraft facility is available against FCNR Deposit

Premium Rupee Plan

• Eligibility: NRIs & PIOs
• This scheme is aimed at NRI/PIO depositors seeking to earn a higher yield than NRE FDs by booking forward contracts against FCNR deposits.
• Minimum deposit amount: USD 25000 or its equivalent
• Tenure: Up to maturity of FCNR (B) deposit
• Overdraft facility is available under this scheme
• Funds can be deposited in any convertible currency, which will be then converted to YEN

Yes Bank Resident Foreign Currency (RFC) Fixed Deposit

• Eligibility: NRI who returns to India and becomes a resident Indian
• Depositors can hold deposits in any of the 6 foreign currencies: USD, GBP, JPY, EUR, AUD and CAD
• Tenure: 1 year – 3 years
• The principal and the interest amount are fully repatriable
• The balances can be freely transferred to NRE or FCNR deposits
• Deposits can be booked through YES Online

Yes Bank NRE Fixed Deposits

• Eligibility: NRIs & PIOs
• Minimum deposit amount: Rs 10,000
• Tenure: 1 year – 10 years
• Principle and interest are fully repatriable
• Automatic renewal and nomination facility is available
• Monthly or quarterly interest payout option is permitted
• Overdraft facility is available for up to 90% of the deposit value
• Depositors can book NRE FD through the bank’s digital channels – YES ONLINE, YES Mobile & YES ROBOT

Yes Bank Premature Withdrawal Penalty of Fixed Deposits

• Fixed deposits can be pre-matured with a sweep-in facility
• All fresh and auto-renewed FDs booked for deposits value less than Rs 5 crores would be subject to a premature withdrawal penalty

Tenure of Fixed Deposit (Completed)	Penal Rate (% p.a.)
	FDs booked on or after 5 July 2019	FDs booked on or after 16 May 2022	FDs booked on or after 8 August 2022	FDs booked on or after 3 November 2023
Less than equal to 181 days	NIL	0.25	0.50	0.75
182 days and above	0.50	0.50	0.75	1.00

• The premature penalty is not applicable to senior citizen FD depositors who booked or renewed FD on or after 16^th May 2022
• For values 5 crores and more, the existing penalty structure would continue at 0.25% for all tenure and value buckets
• The following is the premature withdrawal penalty structure in case of the floating rate fixed deposits of value less than Rs 5 crore:

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

Yes Bank Overdraft facility against NRE/NRO FD

• This scheme is available to NRI customers with Single holding NRO savings A/c
• This overdraft facility allows depositors to meet their urgent needs without liquidating the FD
• Applicable interest rate will be 1% above the fixed deposit rate
• No processing charges and additional documentation is required
• No EMIs are applicable
• Easy repayment in a lump sum
• Deposit amount: Minimum: Rs 10,000; Maximum: less than Rs 2 crore
• Minimum Tenure:
  • For NRO deposits: 30 days
  • For NRE deposits: 1 year
• FD should not have any lien marked and residual tenure should be a minimum of 7 days
• This scheme can also be availed through YES Robot and YES Mobile where bank claims to sanction overdraft in 1 working day

YES Bank FD Calculator

Investors can check the maturity amount of their Fixed Deposits using the fixed deposit calculator provided by Paisabazaar. Users will be required to enter the amount they wish to deposit, the preferred tenure of investment and the applicable FD rate for the tenure chosen to know how much their investment will be worth at maturity.

FAQs on YES Bank FD Rates

Q. What are the interest payout options available to YES Bank FD holders?

Ans: YES Bank offers both monthly and quarterly interest payout options to its fixed deposit holders. Alternatively, depositors also have the option of receiving interest payout at maturity.

Q. What are the modes available for opening FDs with YES Bank?

Ans: Depositors can open YES Bank Fixed Deposit of up to Rs 5 crore through online channels like YES ROBOT, IRIS (Mobile App), YES Online, and WhatsApp Banking.  Depositors can also visit the YES Bank branch for opening FDs without any restriction on the FD amount.

Q. When would I get the FD advice/receipt for my YES Bank FD?

Ans: You will receive your FD advice within 7 working days of FD opening at your registered address or within 2 working days on your registered e-mail id (as applicable). Note that the FD receipt is issued only for Tax Saver Fixed Deposits. In case of non-receipt, you can call toll-free number 1800 1200 or visit any YES Bank branch.

Q. Can I add or update nominees in my Yes Bank FD?

Ans: Yes, you can update or add nominee through online channels like IRIS (Mobile App), YES Online, YES ROBOT and WhatsApp Banking or by visiting any of YES BANK branches.

Q. What is the process of availing sweep-in facility for Yes Bank FDs?

Ans: Depositors can avail sweep-in facility while opening YES Bank FD through YES Online or IRIS (Mobile App) or by submitting a request for sweep-in facility at any bank’s branch.

Q. Can I avail sweep-out facility from my Yes Bank FDs to my Yes Bank current/savings accounts?

Ans: Yes, you can avail sweep-out facility from your YES Bank FDs to your linked current or savings account

Q. What are the modes available for the premature closure of my YES Bank FDs?

Ans: Depositors can prematurely close their FDs through IRIS (Mobile App), YES Online or by visiting YES BANK branch. Note that premature closure of Floating Rate Fixed Deposit is allowed only by visiting YES BANK branch only.

Q. Does YES Bank allow overdraft facility against its FDs?

Ans: YES Bank allows overdraft facility for a tenure of 30 days to an existing YES BANK customers holding both Fixed Deposit and CASA accounts. The minimum FD amount required to avail overdraft facility is Rs 10,000.

Q. Are the maturity proceeds of YES Bank FCNR accounts freely repatriable?

Ans: Yes, both the principal & interest amount of YES Bank FCNR accounts are freely repatriable.

Q. Does Yes Bank allow premature withdrawal in its FCNR deposits?

Ans: Premature withdrawal is allowed in FCNR deposits. However, no interest will be paid to the depositor for FDs prematurely withdrawn before 1 year.