Yes Bank Ltd. had recently revised its rates for its fixed deposit (FD) rates. The bank offers several levels FD Rates to your customers. Both common citizens and senior citizens can avail these interest rates, but with the new interest rates, there are some new information to consider before opening your FD account with the bank.
The bank has FD rates from brackets that range from 7 to 14 days and all the way up to 5 to 10 years. For a tenure of 7 to 14 days, the bank is now offering an FD rate of 3.25 percent for regular citizens. Customers who opt for a time frame of 15 days to 45 days get the benefit of an interest rate of 3.50 per cent.
If you opt for the 46 days to 90 days package, you will get an interest rate of 4 per cent on your FD account. For tenures ranging from 3 months to less than 6 months, general category customers will get an interest rate of 4.50 per cent. There is an interest rate of 5 per cent in the 6 months to 9 months bracket. Fixed deposit bank accounts that fall in the range of 9 months to less than one year or 1 year to less than 18 months will have interest rates of 5.25 per cent and 5.75 per cent respectively.
Customers who choose a package ranging from 18 months to less than 3 years for their fixed deposits will get a return of 6 percent. at the high end of Yes Bank FD Rates, customers get interest rates of 6.25 percent to 6.50 percent for 3 years to less than 5 years and less than 5 years – or equal to 10 years respectively.
Revised FD Rates for Senior Citizens
Senior citizens will get an interest rate of 3.75 per cent on maturity of FDs for a tenure of 7 days to 14 days. If elderly customers opt to go for FD tenures ranging from 15 days to 45 days, they will get a return of 4 per cent. For tenors ranging from 45 days to 90 days, senior citizens can expect to see an FD interest rate of 4.50 per cent. If the elderly need a tenure of 3 months to less than 6 months on the FD, then the maturity will be 5 percent.
For senior citizens, an interest rate of 5.50 per cent will be available for choosing the tenure of the FD account between 6 months and less than 9 months. The bank will offer 5.75 per cent interest rate to seniors if they opt for a package ranging from 9 months to less than 1 year. An FD account with an interest tenure of less than 1 year to 18 months will fetch an interest rate of 6.25 per cent for the elderly. Similarly, senior citizen customers in the bracket of 18 months to less than 3 years will get a maturity of 6.50 per cent.
The upper time frame of Yes Bank FD rates is 3 years to less than five years and 5 years to less than or equal to 10 years. Customers in the category of senior citizens can look at an interest rate of 7 per cent for the bracket of 3 years to less than 5 years. On the other hand, customers who opt for the maximum time frame, less than or equal to 5 years or less than 10 years, will see a maturity of 7.25 per cent, which is the highest by the bank as per its newly revised interest rates.
Across the board, senior citizens continue to get 50 basis points higher interest rates than the general citizen category. The bank’s interest rates for senior citizens range from 3.75 per cent to 7.25 per cent. Ordinary citizens get the maximum interest rate of 3.25 percent to 6.50 percent only.
read all Breaking Newshandjob breaking news And coronavirus news Here
.