Yes Bank has recently updated its fixed deposit (FD) interest rates for deposits under Rs 3 crore.
General citizens can now earn interest rates between 3.25% and 7.75%, while senior citizens are offered slightly higher rates, ranging from 3.75% to 8.25%.
One significant change is in the 18-month tenure, where the interest rate for general citizens has been reduced by 25 basis points, moving from 8% to 7.75%.
Senior citizens, however, continue to earn 8.25% on this tenure.
Highest Returns on 18-Month and One-Year FDs
Yes Bank provides its highest returns on the 18-month FD, with general citizens receiving 7.75% and senior citizens earning 8.25%.
For terms from 18 months and one day up to less than 24 months, these rates remain consistent.
The bank also offers 7.25% for a one-year FD to general citizens, with senior citizens receiving 7.75%.
For terms from over one year to up to 60 months, Yes Bank maintains rates above 7% for general depositors.
Detailed Interest Rates by Tenure
Here is a breakdown of the current FD interest rates based on tenure:
7 to 14 days – 3.25%
15 to 45 days – 3.70%
46 to 90 days – 4.10%
91 to 120 days – 4.75%
121 to 180 days – 5.00%
181 to 271 days – 6.10%
272 days to less than 1 year – 6.35%
1 year – 7.25%
1 year 1 day 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 1 day to 120 months – 7.00%
Summary of Recent Changes
Yes Bank has made a notable reduction to the 18-month FD interest rate, lowering it by 0.25% to 7.75% for general citizens.
However, senior citizens will continue to receive the higher rate of 8.25% on this tenure.
