Apply For Fixed Deposits

FIXED DEPOSIT INTEREST RATES

At YES BANK, we understand the need for security of your savings. Our Fixed Deposits provide you greater earnings and assured returns along with the flexibility of maintaining your funds in accessible units; therefore, you do not need to break the entire deposit.

Fixed Deposit Interest Rates--

RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)** Period Rates for < 2 Crore w.e.f 18 August, 2020 Regular Senior Citizen*** Interest Rates Annualised Yield^ Interest Rates Annualised Yield^ 7 to 45 days 5.00% 5.00% 5.50% 5.50% 46 to 90 days 5.50% 5.50% 6.00% 6.00% 3 months to < 6 months 6.00% 6.00% 6.50% 6.50% 6 months to < 9 months 6.50% 6.55% 7.00% 7.06% 9 months to < 1 Year 6.50% 6.61% 7.00% 7.12% 3 Years to <= 10 years* 6.75% 6.92% 7.25% 7.45% *Special Rates 1 years < 2 years 7.00% 7.19% 7.50% 7.71% 2 years < 3 years 7.00% 7.19% 7.75% 7.98%

** Interest rates are subject to change at the sole discretion of the Bank. *** Senior Citizen rates are applicable only for Domestic Deposits ^Annualized yields published, compounded quarterly. Note: For reference purpose interest rate slabs considered are 3 months = 91 days; 6 months = 181 days; 9 months =272 days Actual number of days will be calculated at the time of booking For less than 1 year deposit, please mention tenure in days Reinvestment is available for minimum tenure of 6 months 1 day (actual number of days in the month) For rates more than 5Cr, Kindly visit nearest branch For Fixed Deposit Rates (2 < 5 Cr) please click here.

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:

TDS :As per section 194A of the Income Tax Act 1961, TDS at the applicable rate shall be deducted, if the interest exceeds the prescribed limit ( per Customer) as mentioned in the Income Tax Act, 1961 and Income Tax Rules as amended from time to time . The existing TDS rates and prescribed limits would be displayed by the Bank on its website.TDS will be as per Income Tax rules, currently TDS is deducted when interest payable or reinvested per customer per branch exceeds INR 40,000/- in a financial year and for senior citizen interest payable or reinvested per customer per branch exceeds INR 50,000/- in a financial year

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

If the Customer prematurely withdraws the deposit, the interest rate prevailing at the date of deposit, for the period for which deposit was with the Bank shall be payable (subject to applicable penalties on the date of booking of this deposit)

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

TDS, as applicable, will be deducted on interest as per the provisions of Income Tax Act. In the event, the interest accrued at the time of deduction of TDS is not sufficient for recovering the applicable TDS, the amount of TDS can be deducted from the Principal Amount.

The interest so paid shall be rounded off to the nearest rupee, i.e. fraction of fifty paise and above shall be rounded off to the nearest higher rupee

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

If the Customer prematurely withdraws the deposit, the interest rate prevailing at the date of deposit, for the period for which deposit was with the Bank shall be payable. In case of Domestic & NRO deposits no interest will be paid if the deposit is prematurely withdrawn within 7 days of the date of booking. In case of NRE/FCNR deposit no interest will be paid if the NRE/FCNR Deposit is prematurely withdrawn before the completion of 1 year from the date of booking

Premature Penalty on Fixed Deposits:

With effect from 5th July, 2019 Premature Withdrawal Penalty shall be applicable when a FD is either prematurely withdrawn or closed after it has run for a period of 182 days and above.

Penalty Structure for Fixed Deposits with value less than 5 Cr:

Tenure of Fixed Deposit (Completed) Penalty Less than equal to 181 days Nil 182 days and above 0.50%

Premature withdrawal penalty shall be applicable on all fresh and auto renewed FDs booked on/ after 5th July, 2019 for fixed deposit value less than INR 5 Crs.

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