A steady source of income is imperative at all points in your life. At YES BANK, we understand this need for security. Our secure Fixed Deposits provide you greater earnings with the flexibility of maintaining your funds in accessible units; therefore, you do not need to break the entire deposit. Enjoy this privilege in different ways as YES BANK offers you a range of Fixed Deposit schemes that give you a good rate of interest, thereby providing you with a strong sense of security.
Tax Saver Deposits - Five years tax-free Fixed Deposit (Interest Rates same as Regular Fixed Deposits)
Interest on deposits is payable either quarterly or compounded quarterly (i.e., re-investment of interest) or monthly at a discounted value at the option of the depositor
For deposits with tenure of below 6 months 1 day, the interest is calculated at maturity as Simple Interest*
As per changes in the Finance Bill 2015, effective 1st June 2015, TDS on Term Deposits in now applicable at Bank level instead of branch level.
As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% (as against 10% which is the existing TDS rate) in case of Domestic deposits and 30.90% in case of NRO deposits
In the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable
Customer can submit form 15G/H to avail benefit of TDS exemption. In case the amount in 15G/H exceeds the applicable minimum tax exemption limit, the form would not be valid
Please visit your nearest YES BANK branch to submit or confirm updation of your PAN with the bank
Fixed Deposits with value of less than Rs. 1 Crore can be booked on our Net Banking portal. For Fixed Deposit with value of more than or equal to Rs. 1 Crore, please visit our Branch or speak to your Financial Advisor
Fixed Deposit Interest Rates--click here
** Interest rates are subject to change at the sole discretion of the Bank.
*** Senior Citizen rates are applicable only for Domestic Deposits
^Annualized yields published, compounded quarterly.
Wide range of tenures ranging from 7 days to 10 years
Customers can opt for Sweep-in facility which offers liquidity of monies in their Savings/ Current accounts (on Fixed Deposit with value less than 2 Crore)
Not only do we offer the most competitive interest rates, but senior citizens earn extra benefit on the interest rate (0.50% extra). You earn compounded interest by reinvesting the principal and interest.
We offer an easy funds withdrawal through our sweep-in facility. You can withdraw your deposit in units as low as INR 1/-
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much moreRead More