Yes Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore with effect from December 5, 2022. The bank will now offer interest rates between 3.25% and 7% on tenures ranging from 7 days to 10 years.

The bank will pay 3.25% on fixed deposits maturing in 7 to 14 days and 3.70% on deposits maturing in 15 to 45 days. Deposits maturing in 46 days to 90 days will earn 4.10% interest, while deposits maturing in 91 days to 180 days will earn 4.75% interest.

Yes Bank offers 5.50% and 5.75% interest rates on FDs maturing in 181 days to 271 days and 272 days to less than 1 year, respectively.

Yes Bank will offer 7% interest rates on FDs maturing in 1 year to 20 months and 22 months 1 day to less than 36 months. For tenure of 36 months to less than 120 months, the bank will pay 6.75% interest.

In October, Yes Bank launched a special FD with a tenure of 20 months to less than 22 months with an interest rate of 7.25% for regular investors and 7.75% for senior citizens.

Yes Bank Sweep- in facility
Sweep-in facility allows you to link your existing fixed deposit to your savings or current account. If there is a shortfall in the account while processing a debit order, the deficit is covered by taking an equivalent amount from your Fixed Deposit. The deposit is divided into units of Rs 1 allowing you to honour your payments with ease and total piece of mind.

Premature penalty on fixed deposits
Premature withdrawal penalties will apply to all deposits booked / renewed for less than Rs 5 crore, as shown in the table below.