Yes Bank Fixed Deposit
Last Updated : April 6, 2017, 12:14 p.m.
About Yes Bank Fixed Deposit
Fixed deposits are the best way to invest your money and get attractive returns with high-interest rates. Even though we are all aware of the benefits of fixed deposits, very few of us actually take a step forward and invest in it. With the fast-growing world, financial institutions are working hard to earn the trust of the people with fixed deposit schemes.
Yes Bank has come up with customer friendly fixed deposit schemes and have flexible tenures ranging from 7 years to 10 years. By investing in the fixed deposit schemes of Yes Bank, you can earn upto 7.50% in return on your invested money.
Yes Bank Fixed Deposit Schemes
– Domestic Deposits
– Tax-Saver Deposits
Yes Bank Fixed Deposits Interest Rates
Details of Fixed Deposit interest rates for less than ₹2 Crore w.e.f 25 th October 2019:
Domestic Deposits Interest Rates for <₹ 2 Crore:
| Duration | Interest Rates | Interest Rate for Senior Citizens |
|---|---|---|
| 7 to 45 Days | 5.00% | 5.50% |
| 46 to 90 Days | 6.25% | 6.75% |
| 3 months to < 6 months | 6.25% | 6.75% |
| 6 months to < 9 months | 6.85% | 7.35% |
| 9 months to < 1 year | 7.15% | 7.65% |
| 1 year to <= 10 years | 7.25% | 7.75% |
| 18 months 8 days to 18 months 18 days | 7.40% | 7.90% |
| 2 years to 3 years | 7.50% | 8.00% |
How to apply for Yes Bank Fixed Deposits
The procedure to apply for Yes Bank fixed deposit schemes is quite easy. All you have to do is, visit your nearest Yes Bank ATM or Yes Bank branch with complete documents. You can also login to Yes Bank Net Banking and apply to the fixed deposit scheme of your choice.
Tax-Saver Fixed Deposits Upto ₹1 Lakh:
If you have to avail the tax benefits under Section 80C of the Income Tax Act, you need to fix your money for a period of 5 years. The interest rates for 5year tax-free fixed deposit are same as regular fixed deposits.
Eligibility Criteria
- Resident individuals
- Limited companies Societies
- Trust Accounts/Associations
- Sole Proprietorship Firms
- Partnership Firms
Yes Bank Fixed Deposit Calculator:
By using the Yes Bank fixed deposit calculator, you can calculate the interest receivable for your deposit. You need to fill the deposited amount, the tenure and the prevailing rate of interest on the FD scheme.
Yes Bank Fixed Deposit Form:
Form 15G/H along with the required documents should be submitted. However, the person who fails TDS shall be deducted at the rate of 20% in case of Domestic deposits.
Here are some steps to fill the FD form:
- Fill all the details as per the given documents
- Choose the type of deposit
- Select the mode of operation and payment
Documents Required
| Identity Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Voter ID Card | Electricity Bill |
| Driving License | Bank Statement with cheque |
| Government ID Card | Certificate/ID card issued by Post office |
| Photo ration Card | |
| Senior citizen ID Card | |
Benefits of YES Bank Fixed Deposit scheme:
- Tenure ranges from 7 days to 10 years
- No penal charges on premature withdrawal
- You get 7.50% p.a. return for your savings
- The initial amount to invest is just 10,000
- Interest calculated at maturity as simple interest for the deposits with tenure of < 6 months 1 day
- Auto-renewal facility keeps your Fixed Deposit safe
Yes Bank Customer Care Number
For any query, you can go to your nearest branch or just dial toll-free number: 1800 2000