Private
NA
DICGC
6.25%
Interest for 3 years
Note: All interest rates shown below are as on 6th Jun 2022
Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
---|---|---|
7 days - 14 days | 3.25% | 3.75% |
15 days - 1 month 15 days | 3.5% | 4% |
1 month 16 days - 2 months 29 days | 4% | 4.5% |
2 months 30 days - 5 months 26 days | 4.5% | 5% |
5 months 27 days - 9 months | 4.75% | 5.25% |
9 months 1 day - 11 months 30 days | 5% | 5.5% |
1 year - 1 year | 5.75% | 6.25% |
1 year 1 day - 2 years 11 months 29 days | 6% | 6.5% |
2 years 11 months 30 days - 9 years 11 months 28 days | 6.25% | 7% |
Yes Bank Limited is an Indian private sector bank headquartered in Mumbai, India[7] and was founded by Rana Kapoor and Ashok Kapur in 2004. The bank has a balance sheet size of Rs. 2,57,832 Cr as on 31st March 2020. The bank recorded a Loss of Rs 16,432 Crs in FY20
3.25% - 6.25%
FD Rate
3.75% - 7%
FD Rate for Seniors
₹ 10000
Minimum Deposit
₹ 2 Crores
Maximum Deposit
days
-
FD Tenure
-
NA
Track your existing FDs with Scripbox in just a few steps
Investment Amount | For 3 years with interest of 6.25% | For 5 years with interest of 6.25% |
---|---|---|
₹ 50,000 | ₹60282 | ₹68286 |
₹ 1 lakh | ₹120564 | ₹136573 |
₹ 2 lakh | ₹241129 | ₹273146 |
₹ 5 lakh | ₹602822 | ₹682865 |
₹ 10 lakh | ₹1205643 | ₹1365730 |
Use FD calculator to change values and compare your returns from top banks.
Maturity Amount | ₹105904 | ₹ 106591 |
Total Investment Amount | ₹ 100000 | ₹ 100000 |
Total Interest Gained | ₹5904 ₹5904 | ₹ 6591 |
Income Tax on Wealth Gained | ₹ 12898 | ₹ 13092 |
Bank Name | FD Interest Rates |
---|---|
6.4% - 6.65% | |
5% - 5.5% | |
5.45% - 5.95% | |
5% - 5.5% | |
5.5% - 6% | |
5.8% - 6.3% | |
5.3% - 5.8% | |
5.5% - 6% | |
6.75% - 7% | |
6% - 6.5% |
₹ 100000
Total Investment
₹5904
Wealth Gained
₹5904
Wealth Gained
₹105904
Maturity Amount
Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing
Sign up for a Fixed Deposit Account through Scripbox by way of an entirely paperless process.
Enter an investment amount and try different durations to preview potential returns at a glance.
Invest via Card, Netbanking, or UPI instantly; once done, your Fixed Deposit will be confirmed.
You can view the status of any Fixed Deposits you’ve added or created in your Scripbox account.
YES Bank provides FDs for different tenures to meet customer needs. The YES Bank fixed deposit interest rates vary for different tenures. The minimum tenure is seven days, and the maximum is ten years. The Bank offers a 0.5% additional interest rate for senior citizens. The Bank also offers loans against the FD to meet uncertainties. Additionally, one can prematurely withdraw their investments at a penalty.
YES Bank has a minimum interest rate of 5% on its FD with tenure of 7 days to 45 days and a maximum of 7% for a tenure of 2-3 years. For senior citizens, for the same tenure, the FD rates are 5.5% and 7.75%.
YES Bank pays interest on FD investment as per the investor’s choice. Investors can opt for regular interest payments (monthly, quarterly, semi-annually and annually) or they can directly take the interest upon maturity.
Any investment made in tax saving FDs of YES Bank qualifies for tax saving under Section 80C of the Income Tax Act. However, the investment made in other FDs doesn’t qualify for tax exemption under Section 80C of the Income Tax Act.
There is a TDS of 10% on interest income levied by the banks or financial institutions. From the AY 20-21, the limit for TDS has been increased to INR 40,000 from INR 10,000. Hence, from AY 20-21, the TDS is applicable on interest income above INR 40,000 per annum (INR 50,000 for senior citizens).
Furthermore, in the case where the investor doesn’t provide PAN details, the TDS would be 20%. Also, the interest income is taxable at the applicable income tax slabs. No surcharge, education cess or SHEC is added to the above rates. The TDS is deducted at the basic rate.
Following are the key features of YES Bank Fixed Deposits:
YES Bank fixed deposit scheme offers guaranteed income at a fixed interest rate.
YES Bank offers the following two types of fixed deposits:
YES Bank allows investors to open their FD through online or offline mode. To open the FD offline, one will have to visit the nearest YES Bank branch and fill the account opening form and submit the necessary documents. For online mode, the investors have to visit YES Bank’s website, fill the form online, and submit the necessary documents.
Following are the documents required to open an FD in YES Bank.
Also, only eligible investors can invest in YES Bank FD. The eligibility criteria to invest in YES Bank FD are:
YES Bank offers loans against fixed deposits. The Bank offers loans up to 90% of the FD amount. Also, YES bank doesn’t provide loans against FD of any other bank. The rate at which YES bank offers loans is 6-8%. Additionally, the loan tenure (duration of the loan) has a restriction of up to maximum tenure of the fixed deposit.
Loans such as loan against property (home loan), business loan, an education loan, etc., can be taken against an FD. The loan interest rate varies depending on the Bank and type of loan. One can calculate their loan EMI using Scripbox’s online loan EMI calculator.
The loan EMI calculator works as a personal loan EMI calculator, home loan calculator and car loan EMI calculator. The investor can also use this EMI calculator in various scenarios by changing the personal loan interest rate, home loan interest rate, and car loan interest rate.
YES Bank provides a premature withdrawal facility to its depositors in times of need. However, there is a certain penalty to it. The penalty varies from time to time and also is different for different schemes. Following are the important features to consider while opting for premature withdrawal:
The tenure range for YES Bank fixed deposit is seven days to 10 years. The tenure breakdown is given below:
Tenure |
7 days to 45 days |
46 days to 90 days |
3 months to 5 months 29 days |
6 months to 8 months 29 days |
9 months to 364 days |
1 year to 10 years |
2 years to 3 years |
Only eligible investors can invest in YES Bank FD. The eligibility criteria to invest in YES Bank FD are:
Following are the documents required to open an FD in YES Bank.
The YES Bank fixed deposit rate is higher than its savings account. The interest calculation for YES Bank FDs is done quarterly. However, the interest pay-out is as per the investor’s choice. They can choose to get paid at regular intervals like monthly, quarterly, semi-annually and annually. Or they can take it at the time of maturity. Also, the interest income is taxable at the rate of an individual’s income tax slabs. Additionally, the interest income is subject to TDS.
The YES Bank FD rates for regular citizens are:
YES Bank Fixed Deposit (FD) Interest Rates for senior citizens is higher than the interest rates for regular citizens. YES Bank FD interest rates for senior citizens are:
To calculate the maturity amount of a YES Bank FD investment, one can use a fixed deposit calculator. Scripbox’s fixed deposit calculator is available online and is free to use.
A PAN card isn’t mandatory to open a YES Bank FD account. However, there are a few implications for the same.
YES one can invest in YES Bank FD without having a bank account in YES Bank. Following are the documents required for the same.
Also, only eligible investors can invest in YES Bank FD. The eligibility criteria to invest in YES Bank FD are:
The only FD that qualifies for tax saving is the 5-year tax saving FDs. Investment in this FD helps save up to INR 1.5 lakhs under Section 80C of the Income Tax Act. All other FDs do not qualify for tax saving. Interest income is taxable as per the income tax slab of the individual.
Also, all the FDs are subject to TDS of 10%. From AY 2020-2021 TDS limit has been increased from INR 10,000 to INR 40,000. TDS is charged only if the interest earned is above INR 40,000 and (INR 50,000 for senior citizens). To know the interest earned is above or below the TDS threshold limit, one can use YES Bank FD calculator that is available online.
One can use the Income Tax Calculator to calculate their tax liability. Scripbox’s Income Tax Calculator is online and free to use.
YES Bank offers recurring deposits. The recurring deposits of YES Bank have a minimum tenure of 6 months and a maximum tenure of 10 years. To invest in YES Bank RD, investors can use the online or offline mode. Below are the YES RD interest rates for different tenures.
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