New Delhi Yes bank FD Rate: Private sector bank Yes Bank has reduced its FD rates. After which the customers have suffered a big shock. The bank has reduced the interest rate on FDs of less than Rs 2 crore for its customers by up to 25bps. According to the information available on the website of Yes Bank, after this change, this bank is giving interest between 3.25 percent to 7.25 percent on FD to its customers. At the same time, this bank is now giving interest ranging from 3.75 percent to 8 percent to elderly customers. This change in interest rate has been implemented from October 4, 2023.
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Interest received on FD after deduction
After the changes made by the bank, FDs maturing within 7 days to 14 days are getting annual interest at the rate of 3.25 percent. At the same time, it is giving interest at the rate of 3.70 percent to the customers on FDs maturing in the next 15 days to 45 days. After this, interest is being given at the rate of 4.10 percent and 4.75 percent on deposits of 46 days to 90 days and 91 to 120 days.
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This bank is offering interest at the rate of 5 percent on deposits maturing in 121 days to 180 days. Whereas on deposits maturing in 272 days to 1 year, interest will be given at the rate of 6.35 percent. This bank is now offering interest at the rate of 7.25 percent on FDs maturing in less than 1 year to 18 months. The bank is now offering interest at the rate of 7.50 percent on FDs maturing in less than 18 months to 36 months.
Interest rate for senior citizens
After these latest changes, Yes Bank is offering interest at the rate of 3.75 percent to 8 percent to its elderly customers on FDs ranging from 7 days to 10 years. According to Yes Bank’s website, if customers who have booked or renewed FD for the period from 5 July 19 to 15 May 22, withdraw their money before maturity, a penalty will also be imposed on them.
