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Fixed Deposit

Fixed Deposit schemes that secure your savings & earn higher returns your future

Fixed Deposit

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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)

Important Points:

  • 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

To book a Fixed Deposit, please visit your nearest YES BANK ATM, or YES BANK branch, log in to your YES BANK NetBanking, or call us on 1800 2000

Fixed Deposit Interest Rates--

RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)**
Period Rates for < 1 Crore w.e.f 20th April 2016
Regular  Senior Citizen
Interest Rates Annualised Yield^  Interest Rates  Annualised Yield^
7 to 45 days 5.50% 5.50% 6.00% 6.00%
46 to 90 days 6.75% 6.75% 7.25% 7.25%
3 months to < 6 months 7.25% 7.25% 7.75% 7.75%
6 months to < 9 months 7.25% 7.31% 7.75% 7.82%
9 months to < 1 Year 7.25% 7.38% 7.75% 7.90%
1 Year to <= 10 years* 7.50% 7.71% 8.00% 8.24%
 
*Special Rates
12 Months 10 Days to
12 Months 20 Days
7.75% 7.98% 8.25% 8.51%
18 Months 8 Days to
18 Months 18 Days
7.75% 7.98% 8.25% 8.51%
24 Months 12 Days to
24 Months 24 Days
7.75% 7.98% 8.25% 8.51%
 

** Interest rates are subject to change at the sole discretion of the Bank.

^Annualized yields published, compounded quarterly.

Note:

  1. For reference purpose interest rate slabs considered are 3 months = 91 days; 6 months = 181 days; 9 months =272 days
  2. Actual number of days will be calculated at the time of booking
  3. For less than 1 year deposit, please mention tenure in days
  4. Reinvestment is available for minimum tenure of 6 months 1 day (actual number of days in the month)

-- To know more on Non Resident Fixed Deposit Rates, please click here

-- To know more on Senior Citizen Rates, please click here

key attractions

TENURE RANGES

Wide range of tenures ranging from 7 days to 10 years

PREMATURE WIHDRAWAL

No penalty on premature withdrawal

features & benefits

Auto Renewal

Auto Renewal ensures your Fixed Deposit is safe even if you forget to give instructions

Overdraft facility

Overdraft facility against your deposits at competitive rates give your funds liquidity

Tax Saver Deposits

Five years tax-free Fixed Deposit (Interest Rates same as Regular Fixed Deposits)

reach

Our inter-city banking facility allows you to bank at any of our branches during your visit to India

Superior Interest Rates, Easy Withdrawals

You earn compounded interest by reinvesting the principal and interest.

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. There is no penalty on premature withdrawal. You can withdraw your deposit in units as low as INR 1/-

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Have any other query?

Q.What is the minimum & maximum tenure for a Fixed Deposit?

A.Minimum tenure is 7 days and maximum is 10years

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Q.Is there any minimum amount for a Fixed Deposit? 

Yes its  Rs 10000

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