edited by: Mohammad Haris
Last Update: February 22, 2023, 17:57 IST
Yes Bank’s latest FD interest rates have increased by 50 basis points to 6 per cent as compared to 5.75 per cent on deposits maturing between 181 days and 271 days.
At Yes Bank, the latest FD interest rates are in the range of 3.25 per cent-7.5 per cent for general public and 3.75 per cent-8.00 per cent depending on the FD tenure.
Yes Bank has hiked its FD interest rates by 25-50 basis points (bps) on deposits of less than Rs 2 crore with effect from February 21, 2023. As per the website of the private sector lender, the latest FD interest rates are in the range of 3.25 per cent-7.5 per cent for general public and 3.75 per cent-8.00 per cent depending on the FD tenure.
Yes Bank’s latest FD interest rates have increased by 50 basis points to 6 per cent as compared to 5.75 per cent on deposits maturing between 181 days and 271 days. It has increased the interest rates on FDs maturing between 272 days and 1 year to 6.25 per cent from 6 per cent earlier. Here are the latest interest rates on FDs:
Latest interest rates on fixed deposits below Rs 2 crore in Yes Bank (per annum) with effect from February 21, 2023:
7 days to 14 days: 3.25 per cent (General Citizen) / 3.75 per cent (Senior Citizen)
15 days to 45 days: 3.70% (General Citizen) / 4.20% (Senior Citizen)
46 days to 90 days: 4.10% (General Citizen) / 4.60% (Senior Citizen)
91 days to 180 days: 4.75% (Ordinary Citizen)/ 5.25% (Senior Citizen)
181 days to 271 days: 6.00% (Ordinary Citizen)/ 6.50% (Senior Citizen)
272 days to less than 1 year: 6.25 per cent (Ordinary Citizen)/ 6.75 per cent (Senior Citizen)
1 year to 15 months: 7.25% (General Citizen) / 7.75% (Senior Citizen)
15 months to less than 35 months: 7.50% (Ordinary Citizen)/ 7.71% (Senior Citizen)
35 months 1 day to less than 36 months: 7.50 per cent (Ordinary Citizen) / 8.00 per cent (Senior Citizen)
36 months to 120 months: 7.00 per cent (Ordinary Citizen)/ 7.75 per cent (Senior Citizen).
Banks are raising their interest rates from the beginning of 2022 as RBI is continuously increasing the key repo rate to control inflation in the country. Several banks including SBI, ICICI Bank, HDFC Bank and SBI have increased their interest rates on both deposits and loans several times in the recent past. The RBI MPC recently increased the key repo rate by 25 basis points to 6.50 per cent. With this, it has raised the repo rate by a total of 250 basis points six times since May 2022.
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