Yes Bank of the private sector has revised the interest rates on Fixed Deposit. Explain that this change made by the bank has become effective from February 8, 2021 on all term deposits.
New Delhi. Yes Bank of the private sector has revised the interest rates on Fixed Deposit. The bank is offering interest rates ranging from 4% to 7.5% to senior citizens. This interest rate is for FDs of less than Rs 2 crore for ordinary people. Let us know that Yes Bank offers fixed deposit (FD) facility to all its customers from minimum 7 days in the short term to 10 years in the long term. The rate of interest on the bank deposits due to the Corona epidemic has dropped significantly in the recent past.
New rates will be applicable from 8 February
The change made by the bank has become effective from February 8, 2021 on all term deposits. The bank is offering at least 50 basis points more interest to senior citizens than regular customers on all fixed deposit schemes. Keeping in mind the senior citizens, the bank is offering interest rates ranging from 4% to 7.5%.
These are Yes Bank’s latest FD rates (less than 2 crores)
7 days to 14 days – 3.5%
15 days to 45 days – 4%
46 days to 90 days – 4.50%
3 Months to less than 6 Months – 5%
6 Months to less than 9 Months – 5.50%
9 Months to less than 1 year – 5.75%
1 years to less than 2 years – 6.25%
2 years to less than 3 years – 6.50%
3 years to 10 years – 6.75%
Senior citizens will get 0.5% more interest. Senior citizens will get 0.5% more interest
on FD schemes less than 3 years. At the same time, FD above 3 years will get 0.75% more interest. That is, senior citizens will get 4% on 7 to 14 days FD and 7.5% on 10 years FD.
Fixed deposit rates: SBI made major changes in fixed deposit interest rates
In this way, open Yes Bank FD account
To open FD account in Yes Bank, you go to the official website and open your account.
After that select the Fixed Deposit option in the menu.
Now select the type of FD you want to open and proceed.
After this, after filling your deposit, if you are more than 60 years, select the Senior Citizens option.
Now select the time you want to FD and click submit.
