YES Bank Fixed Deposit Interest Rates 2025 - Latest YES Bank FD Rates

A YES Bank FD allows you to invest a lump sum for a fixed tenure and earn assured returns at a pre-decided interest rate. However, there is no single FD rate for everyone. The YES Bank fixed deposit interest rates depend mainly on:

1. Tenure
   • Short tenures (like months 1 day buckets) usually earn lower yields than medium or long tenures.
2. Deposit size
   • Retail deposits (<₹3 crore) and bulk deposits (≥₹3 crore) can have separate slabs.
3. Customer category
   • Seniors get higher slabs, which is why YES Bank FD rates for senior citizens are a key comparison point.
4. Market signals
   • Banks often revise FD pricing when RBI changes policy rates such as the repo rate.

YES Bank FDs combine safety with flexibility:

• Guaranteed returns: interest rate stays fixed for the full tenure.
• Tenure choice: from 7 days to 10 years.
• Minimum deposit: usually starts from ₹10,000 (may vary by channel/scheme).
• Premature withdrawal: allowed for most standard FDs with a small penalty.
• Overdraft facility / loan against FD: get liquidity up to ~90% of deposit without breaking it.
• Interest payout options: monthly, quarterly, half-yearly, yearly, or cumulative at maturity.
• Nomination and auto-renewal for convenience.

YES Bank offers multiple FD products depending on your goal:

1. Regular Fixed Deposit

   The standard FD scheme with flexible tenures and payout types:

   • Cumulative FD: interest reinvested, paid at maturity
   • Non-cumulative FD: periodic interest payout
2. Tax Saver Fixed Deposits

   If you want tax benefits, YES Bank's tax saver fixed deposits qualify under Section 80C of the Income Tax Act (subject to scheme availability).

   • Lock-in: 5 years
   • Rate: around 6.75% p.a. for general citizens in 2025.
3. Floating Rate Fixed Deposits (where available)

   YES Bank may offer floating or linked-rate variants for select customers/periods where rates move with internal benchmarks.

4. NRE / NRO Fixed Deposits

   NRIs can book YES Bank term deposits under NRE/NRO categories. Rates are aligned to domestic slabs but governed by RBI NRI rules; senior citizen uplift usually doesn’t apply to NRE/NRO deposits.

When choosing between FD types, align with your cash-flow needs:

Cumulative FD (Best for Growth)

• Interest compounds over time
• Maturity = principal + interest
• Ideal if you don’t need regular income

Non-Cumulative FD (Best for Income)

• Interest paid periodically
• Great for predictable cash flow, especially senior citizens

YES Bank is a scheduled commercial bank, and eligible deposits are covered by DICGC insurance:

• Coverage: up to ₹5 lakh per depositor per bank (combined savings + FDs).

This makes bank fixed deposits a relatively safe choice for conservative investors within the insured limit.

Opening a YES bank FD is straightforward. Usually required:

For Indian Residents

To open a YES Bank FD, you typically need:

• PAN card (mandatory for most deposits)
• Aadhaar / Passport / Voter ID / Driving License (KYC proof)
• Address proof if not covered by Aadhaar
• Recent photograph (branch route)

For NRIs (NRE/NRO FDs)

NRIs generally need:

• Valid passport and visa / residence permit
• Overseas address proof
• Proof of NRI status (employment/student/resident documents)
• PAN (preferred for taxation)

Exact requirements can vary slightly by branch or digital flow.

FD interest is taxable as "Income from Other Sources."

TDS thresholds (standard rules)

• Regular citizens: TDS if annual FD interest exceeds ₹40,000
• Senior citizens: threshold ₹50,000

How to avoid TDS (if eligible)

• Form 15G for regular citizens
• Form 15H for senior citizens

Even if TDS is deducted, you must disclose total interest in your ITR and claim refunds if applicable.

YES Bank allows premature closure on most standard FDs.

• Interest may be recalculated at a lower applicable slab
• A small penalty may apply

Tax-saver FDs generally do not allow premature withdrawal due to lock-in.

1. Net Banking
   • Login → Deposits → Open FD → choose tenure & amount → confirm.
2. YES Bank Mobile App
   • Deposits / Fixed Deposits → enter details → submit.
3. Branch Visit
   • Fill FD form → submit KYC → deposit amount → receive FD receipt.