Yes Bank FD Interest Rates: Tenure‑Wise Returns & Benefits

Key Takeaways
 

• Yes Bank FDs offer fixed returns with tenures from 7 days to 10 years.
   
• Senior citizens earn higher interest rates, making FDs a safer investment option.
   
• Premature withdrawal reduces interest and may attract penalties, so plan accordingly

 Yes Bank FD offers competitive interest rates for various tenures, helping investors grow their savings securely. 

For example, Anil invests ₹3,00,000 in a 6-month Yes Bank FD at 4.50% per annum. He earns fixed interest without worrying about market fluctuations, giving him financial stability.

This blog will guide you through Yes Bank FD interest rates, eligibility, features, benefits, and tips to make the most of your investment.

Yes Bank FD Interest Rates 2025

Yes Bank FD offers attractive interest rates for both regular customers and senior citizens, helping you grow your savings safely. Senior citizens earn slightly higher rates as a benefit.

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For instance, Rahul invests ₹2,00,000 in a 60-day Yes Bank FD. At 4.50% per annum, he earns fixed interest without worrying about market fluctuations.

Yes Bank FD provides flexibility and safety, making it a reliable option for short-term savings in 2025.

Types of Yes Bank FD Schemes

Yes Bank offers different FD schemes to suit various investment needs.

• Floating Rate Fixed Deposit: The interest rate changes periodically based on market conditions, offering potential for higher returns.
• Tax Saver Fixed Deposit: Locks your money for 5 years and provides tax benefits under Section 80C of the Income Tax Act.

These Yes Bank FD schemes give investors flexibility and options to grow their savings while meeting financial and tax planning goals.

Features and Benefits of Yes Bank FD

Yes Bank FD offers a secure and flexible way to grow your savings while earning attractive interest. It is designed to help you achieve your financial goals safely.

• Flexible Tenure: Select a term ranging from 7 days to 10 years to suit your investment needs.
   
• Interest Options: Collect interest cumulatively at maturity or non-cumulatively at monthly or quarterly intervals.
   
• Liquidity: Access your funds quickly through premature withdrawal or sweep-in facility, though penalties may apply.
   
• Higher Returns: Earn competitive interest rates that help beat inflation.
   
• Auto-Renewal: Yes Bank FD automatically reinvests your deposit if you don’t specify a withdrawal.
   
• Overdraft Facility: Borrow up to 90% of your FD without affecting your savings.
   
• Tax Saver Option: Save tax with a 5-year lock-in plan while earning the same FD interest.
   
• Inter-City Banking: Use your FD facilities at any Yes Bank branch across India.

Yes Bank FD provides a safe, convenient, and high-return investment option. Its features ensure steady growth, flexibility, and easy access to your funds, making it ideal for both short-term and long-term financial planning.

Bonus Tip: Consider using the sweep-in facility with your Yes Bank FD. This lets your savings account automatically top up from your FD when funds are low, giving liquidity without breaking the deposit and losing interest.

Comparison of Yes Bank FD Rates with Other Banks

Fixed deposits remain a safe way to save and grow money. Different banks and finance companies in India offer varied FD interest rates, so it is important to compare before investing. The following table shows how Yes Bank FD rates stand against other major banks:

From this comparison, Yes Bank FD offers attractive returns, especially for senior citizens, making it a safe and rewarding investment option.

Eligibility Criteria and Required Documents for Yes Bank FD Interest Rates 

Yes Bank FD allows a wide range of individuals and entities to invest safely and earn attractive interest. Understanding eligibility and required documents ensures a smooth account opening.

Eligibility:

• Resident Indians, including minors (with a legal guardian as co-applicant)
• Hindu Undivided Families (HUFs)
• Non-Resident Indians (NRIs)
• Sole traders, partnerships, and joint stock companies
• Co-operative societies, clubs, and associations
• Family trusts

Documents Required:

• KYC documents (Aadhaar, Voter ID, Driver’s License) for identity proof
• PAN card
• Address proof (utility bills or KYC documents)
• Companies: business certification
• Family trusts: trust deed and registration certificate
• Societies/associations/clubs: copy of by-laws

Yes Bank FD welcomes various investors and provides a simple documentation process. By meeting these eligibility criteria and submitting the required documents, you can start earning secure and reliable interest through Yes Bank FD.

Tax Implications on Yes Bank FD

Interest earned on a Yes Bank FD is treated as ‘income from other sources’ under the Income Tax Act, 1961. You must add the interest from your Yes Bank FD to your total income for the year. The tax is then calculated according to your applicable income tax slab. For instance, if you fall under the 20% tax slab, the interest earned on your FD will also be taxed at 20%. This ensures your FD earnings are properly accounted for while filing your taxes.

Yes Bank FD Premature Withdrawal and Closure Rules

Yes Bank FD helps your savings grow with fixed returns, but early withdrawal affects your earnings.

• Penalties: Early withdrawal reduces interest by 0.5%–1% or more.
• Interest Calculation: Interest is paid at the rate for the period deposited, not the original rate.
• Financial Planning: Early closure may disrupt your goals, like education or home purchase.
• Tax: Interest earned is taxable, and TDS may apply.
• Insurance Benefits: Some perks may be lost on early withdrawal.

Consider these rules carefully before closing your Yes Bank FD prematurely.

How to Invest in Yes Bank FD?

Investing in a Yes Bank FD is simple and convenient, offering multiple ways to grow your savings with fixed returns. You can choose the method that suits you best.

1) NetBanking

• Sign in to Yes Bank net banking using your login ID and password.
  
   
• Click on ‘Open New Fixed Deposit’.
• Select source account, deposit amount, branch, tenure, nomination, and sweep-in options.
• Confirm with the OTP sent to your registered mobile, and your FD is booked.

2) Mobile App – Yes Mobile

• Log in to the Yes Mobile App and select ‘Deposits’ and then ‘Fixed Deposits’.
• Choose source account, FD type, amount, tenure, maturity instructions, nomination, and sweep-in options.
• Validate the transaction with your MPIN.

3) Booking via Yes Robot

• Open Facebook Messenger or the Yes Bank website and start a chat with Yes Robot.
• Type ‘Open FD’ and sign in using your Customer ID and OTP.
• Provide the deposit type and other necessary details to book your FD.

5) WhatsApp Banking Service

• Send “Hi” to 82912 01200 from your registered mobile.
• Choose ‘Deposits’ and then  FD Booking, enter the amount, tenure, and confirm.

With these options, opening a Yes Bank FD is quick and hassle-free, helping you secure fixed returns while keeping the process flexible and convenient.

Conclusion

Yes Bank FDs offer competitive interest rates, ranging from 3.25% to 7.00% for general investors and up to 7.75% for senior citizens, depending on tenure. With tenures from 7 days to 10 years and flexible payout options, they provide a secure way to grow savings. Senior citizens benefit from higher rates, making Yes Bank FD a reliable choice for stable returns. Always check the latest rates before investing.

FAQ’s

1. What is the minimum deposit for a Yes Bank FD?
The minimum deposit is ₹10,000.

2. Can senior citizens get higher interest rates?
Yes, senior citizens earn an extra 0.50%–0.75% on standard FD rates.

3. What is the tenure range for Yes Bank FDs?
Tenures range from 7 days to 10 years.

4. Can I withdraw my FD before maturity?
Yes, but premature withdrawal attracts a penalty and lower interest.

5. How is the FD interest paid?
Interest can be paid monthly, quarterly, annually, or at maturity, depending on your choice.
 

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.