Yes Bank has updated its interest rates for fixed deposits. The new rates apply to deposits under Rs 3 crore, with interest ranging from 3.25% to 8% for terms between 7 days and 120 months. Senior citizens can enjoy an additional 0.50% on these rates, bringing their interest to between 3.75% and 8.50%.
The best returns are available on the 18-month FD, and there’s also a good rate for the 60-month option. Regular customers can earn 7.25% interest, while senior citizens can get 8%.
For a one-year FD, the interest rate is set at 7.75% for general customers and 8.25% for senior citizens. The same 7.75% applies to deposits from one year and one day up to less than 18 months, while senior citizens enjoy the higher rate of 8.25%. Additionally, deposits for 2 to 3 years also offer more than 7.5% interest.
Here’s a breakdown of the FD interest rates based on tenure:
– 7 to 14 days: 3.25%
– 15 to 45 days: 3.70%
– 46 to 90 days: 5%
– 91 to 120 days: 5%
– 121 to 180 days: 5%
– 181 to 271 days: 6.25%
– 272 days to less than 1 year: 6.50%
– 1 Year: 7.75%
– 1 year 1 day to less than 18 months: 7.75%
– 18 months 1 day to less than 24 months: 7.75%
– 24 months to less than 36 months: 7.25%
– 36 months to less than 60 months: 7.25%
– 60 Months: 7.25%
– 60 months 1 day to 120 months or more: 7%.