Yes Bank Revises Interest Rates On FDs And Savings Accounts: Check Latest Rates
Know the revised Yes Bank FD and savings account interest rates.
Yes Bank, one of India’s leading private sector banks, has announced a revision in its rate of interest on savings accounts and fixed deposits (FDs) of less than ₹2 Crore. The new Yes Bank savings account interest rates are applicable from November 2, 2022, and the new Yes Bank FD interest rates will be applicable from November 3, 2022.
After the revision, the maximum interest offered by Yes Bank on savings accounts is 6.25% and on fixed deposits of less than ₹2 Crore, the maximum rate of interest will be 6.75% for the general public and 7.50% for senior citizens.
Interest Rates On Yes Bank Savings Accounts
Here are the details of the revised Yes Bank savings account interest rates:
On savings accounts with a daily balance of up to ₹1 Lakh, Yes Bank will now offer an interest rate of 4%.
On those with a daily balance of above ₹1 Lakh to ₹5 Lakh, the bank will offer an interest rate of 4.25%.
Yes Bank savings accounts with a daily balance of more than ₹5 Lakh to ₹10 Lakh will now get an interest rate of 5%.
Those with a daily balance in the savings account of more than ₹10 lakhs to ₹1 Crore will get an interest rate of 6%.
Accounts with a daily balance of more than ₹1 Crore to ₹10 Crore will earn interest at the rate of 6.25%.
Accounts with a daily balance of more than ₹10 Crore to ₹25 Crore will get an interest rate of 6%.
New Yes Bank Fixed Deposit Interest Rates
Here are the new Yes Bank FD rates:
On fixed deposits with a maturity period of 7 days to 14 days, the new Yes Bank FD interest rate will be 3.25%.
On those with a maturity period of 15 days to 45 days, the revised interest rate will be 3.70%.
FDs with a maturity of 46 days to 90 days will now earn interest at the rate of 4.10%.
Those with a maturity of 91 days to 180 days will now earn interest at the rate of 4.75%.
Yes Bank will now give an interest rate of 5.50% on deposits with a maturity of 181 days to 271 days.
The bank will offer an interest rate of 5.75% on FDs maturing in 272 days to 1 year.
On fixed deposits with a maturity period of 1 year to 18 months, Yes Bank will now offer an interest rate of 6.50%.
Yes Bank Fixed deposits with a maturity period of 18 months to 120 months will now earn interest at the rate of 6.75%.
On the special fixed deposit with a tenure of 20 to 22 months that was launched by Yes Bank for retail investors on October 12, 2022, the bank will offer an interest rate of 7.25% to the general public and an interest rate of 7.75% to senior citizens.
Disclaimer: All of the interest rates mentioned in this article have been recorded from the bank’s official website and are liable to change in the future.