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Yes Bank
upto
p.a.
Interest Rate (p. a.)
3.25% — 8.25%
Minimum Deposit
₹10,000
Maximum Deposit
₹5Cr
Lock-in Period
7 Days
Tenure
7 Days - 10 Years
Senior Citizens Interest Rate
Extra 0.50%
₹5,00,000.00
You'll gain ₹0.00 at an interest rate of % p.a. (compounded quarterly).
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Yes Bank Interest Rates (FD) Rates 2025
Explore competitive Fixed Deposit rates for both regular customers and senior citizens.
Disclaimer: Interest rates as of Nov 29, 2024.
About YES Bank
YES Bank, a full-scale commercial bank, is one of the great success stories in India's banking landscape. Headquartered in Mumbai, the bank has been serving the needs of customers across retail, corporate and SME categories. From loans to deposits, the bank has all the products customers need to meet their various needs. The loan portfolio consists of personal loans, car loans, home loans, education loans, loan against property, loan against securities, construction equipment loans, business loans, commercial vehicle loans, etc. YES Bank's deposit product portfolio comprises fixed deposits, recurring deposits, savings accounts, current accounts, salary accounts, etc.
YES Bank FD Features & Benefits
Invest a minimum of INR 10,000 to book an FD account with YES Bank.
Earn compounding interest at quarterly intervals.
Enjoy flexible tenures ranging from 7 days to 10 years.
Interest payout options (monthly/quarterly) are also available.
Avail of the auto-renewal facility to avoid tracking the maturity date of your fixed deposit.
Enjoy overdraft facility up to 90% of the fixed deposit value.
Penalty on Premature Withdrawal
Withdrawing fixed deposits partially or fully before the maturity period is called premature withdrawal. YES Bank offers this facility to investors. However, the bank charges a penalty interest for the same. The premature FD withdrawal interest is calculated as per the rate applicable for the period the deposit is held with YES Bank minus the penalty rate. The table below shows the penalty rate for fixed deposits less than INR 5 crore.
Penalty Rate for Fixed Deposits Less Than INR 5 Crore
Fixed Deposit Tenure (Completed) | Penalty Rate for FD Booked/Renewed on | |||
July 5, 2019 | May 16, 2022 | August 8, 2022 | November 3, 2023 | |
Less Than Equal to 181 Days | NIL | 0.25% | 0.50% | 0.75% |
182 Days and Above | 0.50% | 0.50% | 0.75% | 1.00% |
Note - The premature withdrawal penalty rate for FDs above INR 5 crore is 0.25% across tenures. Also, senior citizens won't have to pay the interest penalty on premature withdrawal.
Yes Bank FD Rates vs Other Bank FD Rates
Bank Name | FD Interest Rates (In p.a.) |
North East Small Finance Bank | 4.75%-9.00% |
Shivalik Small Finance Bank | 6.00%-8.55% |
Suryoday Small Finance Bank | 8.05%-8.60% |
Utkarsh Small Finance Bank | 8.00%-8.50% |
ICICI Bank | 3.00%-7.40% |
South Indian Bank | 6.70%-7.40% |
IndusInd Bank | 3.50%-7.99% |
Federal Bank | 3.00%-7.50% |
Bank of Baroda (BoB) | 4.25%-7.88% |
YES Bank | 3.25%-8.00% |
Axis Bank | 3.00%-7.51% |
State Bank of India (SBI) | 3.50%-7.25% |
HSBC Bank | 2.85%-7.50% |
Punjab National Bank (PNB) | 3.50%-7.25% |
UCO Bank | 2.90%-7.30% |
Different Types of Yes Bank FD Schemes
Regular Fixed Deposit
The minimum amount needed to book a fixed deposit is INR 10,000.
Both reinvestment fixed deposit and payout fixed deposit options are available.
Enjoy a flexible deposit tenure of 7 days to 10 years.
Premature withdrawal facility is permitted.
Overdraft facility of up to 90% of the fixed deposit value.
Tax Saver FD
Avail tax deductions of up to INR 1.5 lakh in a financial year when investing in a tax saver FD.
Tax benefits are available as per Section 80C of the Income Tax Act.
You can invest a minimum amount of INR 100 and a maximum of INR 1.5 lakh in a financial year.
Fixed deposit interest rates will likely be the same as regular FDs.
Auto Sweep-in FD
Move surplus savings to a fixed deposit with higher interest rates.
It's called a sweep-in facility by which surplus balances in an account are swept into a fixed deposit.
Once the balance falls below the required threshold, the FD money is returned to the account.
YES Bank provides this facility through Xtra Gain Current Account.
Term-wise YES Bank Fixed Deposit Rates
Short-term Fixed Deposit Interest Rates
YES Bank offers fixed deposit interest rates of 3.25%-8.25% per annum for up to 1 year.
Medium-term Fixed Deposit Rates
The interest rate on a fixed deposit above a year to five years ranges from 4.90%-8.50% per annum.
Long-term Interest Rates
YES Bank offers attractive interest rates of 6.20%-7.85% per annum on deposits above five years to up to ten years.
How to Invest in YES Bank FD?
Investing in YES Bank FDs is possible using any of the following channels -
Internet Banking
Log in to your YES Bank's online banking account.
Go to 'Deposits' and click on 'Fixed Deposit'.
Choose the FD Type - Regular or Tax Saver FD
Choose from the Interest Reinvestment and Interest Payout option.
Read the maturity instructions and other details carefully before confirming them.
Once you submit a request, the bank will check the details thoroughly and open an FD account only upon a successful verification.
Mobile Banking
Download the iris app online to open a fixed deposit & avail of other banking services.
Go to 'Deposits' and then 'Fixed Deposit'
Choose the FD type and interest reinvestment or payout option.
Select from different maturity instructions as per your needs.
Submit the details.
The bank will verify the details carefully and let you open an FD account after successful authentication.
WhatsApp Banking
Type Hi from your WhatsApp number and send it to +91-8291201200
The chatbot will revert by asking you the service you want.
Type - I want to book a fixed deposit.
The chatbot will guide you through the booking process.
Upon booking, you will receive an SMS and email.
Offline Method
Visit the nearest YES Bank branch with the required documents.
Get the fixed deposit application form from the concerned official.
Fill in all the details carefully, such as the investment amount & tenure, maturity instructions, and other information.
Submit the form along with your identity and address proof documents to the bank for validation and approval.
YES Bank will check your details carefully before booking a fixed deposit.
Once booked, you will receive an SMS and email about it.
Documents Required to Open a YES Bank FD Account
The following are the documents you need to submit while opening an FD account with YES Bank.
Identity Proof - Aadhaar Card/PAN Card/Passport/Voter ID/Driving Licence/Birth Certificate/Any Other Approved Identity Proof
Address Proof - Passport/Voter ID/Driving Licence/Aadhaar Card/Electricity Bill/Mobile Bill
Recent Passport Size Photograph
YES Bank Fixed Deposit Sweep-in
YES Bank provides a sweep-in facility by which the excess balance in a current account is converted into a fixed deposit at a higher interest rate. If constant withdrawals make your balances fall below the required threshold, the money tied to a fixed deposit will come back to the current account to help depositors maintain the minimum balance requirements. The sweep-in facility is available on the Xtra Gain Current Account.
Eligibility to Open a YES Bank FD Account
Any of the following can open a YES Bank FD account.
Resident Indians
Non-resident Indians (NRIs)
Hindu Undivided Families (HUFs)
Proprietorship Firms
Partnership Firms
Limited Companies
Trusts & Associations
Tax on YES Bank Fixed Deposit
YES Bank Tax Saver Fixed Deposit helps investors gain tax deductions of up to INR 1.5 lakh in a financial year. You can invest a minimum of INR 100 and a maximum of INR 1.5 lakh in a financial year. Investors need to comply with a lock-in period of five years. During this period, you cannot withdraw investments. However, you can receive interest payouts at any of the monthly, quarterly, half-yearly or yearly intervals. While filling in the form, choose interest payout and the frequency if you wish for a regular income through a tax saver FD.
Loan Against Yes Bank FD
You can apply for an overdraft against a fixed deposit to receive the cash needed to meet your instant requirements. This way, you can avoid breaking a fixed deposit and avoid the applicable premature withdrawal penalty YES Bank charges. The bank offers you an overdraft of up to 90% of the fixed deposit value.
Other Bank Rates 2025
The race for higher interest rates on FDs is getting intense among the banks shown in the table below.
Suryoday SF Bank Interest Rates
Utkarsh Bank Interest Rates
Shivalik Bank Interest Rates
North East SF Bank Interest Rates
AU Small Finance Bank Interest Rates
IDFC First Bank Interest Rates
IndusInd Bank Interest Rates
HSBC Bank Interest Rates
Federal Bank Interest Rates
South Indian Bank Interest Rates
Canara Bank Interest Rates
Kotak Mahindra Bank Interest Rates
ICICI Bank Interest Rates
HDFC Bank Interest Rates
Punjab National Bank Interest Rates
DBS Bank Interest Rates
Bank of Baroda Interest Rates
Axis Bank Interest Rates
UCO Bank Interest Rates
IDBI Bank Interest Rates
Central Bank of India Interest Rates
State Bank of India Interest Rates
Bank of India Interest Rates
Barclays Bank Interest Rates
Frequently Asked Questions
1. Is it Safe to do FD in YES Bank?
YES Bank FDs are insured for up to INR 5 lakh by the Deposit Insurance and Credit Guarantee Corporation of India. The coverage amount includes the principal amount plus accrued interest.
2. What is the current FD rate of Yes Bank?
The FD interest rate ranges from 3.25%-8.50% per annum.
3. Is YES Bank FD Good?
YES Bank offers attractive interest rates of up to 8.50% per annum on fixed deposits, keeps the minimum deposit requirement to INR 1,000, no premature withdrawal penalty for senior citizens, etc. However, do compare YES Bank's offerings with those of other banks on BharatFD, a renowned fixed deposit marketplace, before choosing the right option.
4. What is the Charge of FD Closure in YES Bank?
YES Bank charges a 0-1% penalty rate on premature FD withdrawals.
5. What is the YES Bank Monthly Income Scheme Interest Rate?
The bank's monthly scheme interest rate ranges from 3.25%-8.50% per annum.
6. What is Sweep-in FD in YES Bank?
A sweep-in FD is a product by which excess balance in YES Bank's Xtra Gain Current Account is swept into a fixed deposit to earn you at attractive interest rates. As the balance falls below the threshold, the money tied to an FD account is swept out to the current account.
7. Can We Break an FD Before Maturity in YES Bank?
Yes, you can break an FD before maturity in YES Bank, subject to an applicable premature withdrawal penalty.
