Yes Bank revises FD interest rates; introduces new tenure

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Yes Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore with effect from January 3, 2023. The bank will now offer FD interest rates between 3.25% and 7% on tenures ranging from 7 days to 10 years on regular deposits.Special FD tenure
Yes Bank has launched a new special tenor of 15 months with an interest rate of 7.75% for senior persons and 7.25% for the general public, effective from January 3, 2023. Yes Bank launched a special 30-month FD tenure with an interest rate of 7.50% for everyone and 8.00% for senior persons, which became effective on December 9, 2022.

In October, Yes Bank launched a special FD with a tenure of 20 months to less than 22 months with an interest rate of 7.25% for regular investors and 7.75% for senior citizens.

PeriodEffective fromRegularSenior Citizens***
Interest RatesInterest Rates
FD – 153-Jan-237.25%7.75%
(Tenure : 15 months)
FD – 309-Dec-227.50%8.00%
(Tenure : 30 months)
FD 20-2212-Oct-227.25%7.75%
(Tenure : 20 months to 22 months)

Yes Bank fixed deposit interest rate
On deposits that mature in the next 7 to 14 days, Yes Bank is offering an interest rate of 3.70%, and on deposits that mature in the following 15 to 45 days, it offers an interest rate of 3.25%. Deposits with tenors of 46 days to 90 days will now earn interest at a rate of 4.10%, while those with tenors of 91 days to 180 days will now earn interest at a rate of 4.75%.

The interest rate for deposits maturing in the 181 days to 271 days is now 5.75%, while the interest rate for deposits maturing in the next 272 days to a year is now 6.00%. Currently, Yes Bank offers deposits with maturities ranging from 1 year to 120 months with a maximum standard rate of 7% per year.

PeriodFixed Deposit Interest Rates (% P.A)** for
RegularSenior Citizens***
Interest RatesInterest Rates
7 days to 14 days3.25%3.75%
15 days to 45 days3.70%4.20%
46 days to 90 days4.10%4.60%
91 days to 180 days4.75%5.25%
181 days to 271 days5.75%6.25%
272 days to6.00%6.50%
1 Year to7.00%7.50%
15 months 1 day to7.00%7.50%
22 months 1 day to7.00%7.50%
30 months 1 day to7.00%7.50%
36 months to7.00%7.75%

Yes Bank senior citizen FD rates
The bank will now offer interest rates between 3.75% and 7.75% on tenures ranging from 7 days to 10 years on regular deposits for senior citizens. On special deposits, senior citizens can earn highest interest rate of 7.50% and 8.24% for senior citizens.

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