Deposits maturing between 181 days and 271 days will now fetch an interest rate of 6 per cent. Earlier the interest rate was 5.75 per cent for the same tenure. YES Bank has raised the interest rate of fixed deposits maturing between 272 days and one year to 6.25 per cent from 6 per cent. For fixed deposits maturing between one year and less than 15 months, the interest rate has been jumped to 7.25 per cent from 7 per cent.
What will be fixed deposit interest rates for the general public in YES Bank?
YES Bank has increased the interest rate for fixed deposits maturing between 15 months and 36 months to 7.5 per cent. Earlier, the bank was offering an interest rate of 7 per cent for the deposits maturing between 15 months and one day and less than 36 months.
Deposits maturing between 7 days and 14 days will continue to fetch an interest rate of 3.25 per cent. For FDs maturing between 15 days and 45 days, the bank will offer an interest rate of 3.7 per cent. For fixed deposits maturing between 46 days and 90 days, the interest rate will be 4.1 per cent. YES Bank will offer an interest rate of 4.75 per cent for the deposits maturing between 91 days and 180 days.
| Fixed Deposit Interest Rates for less than Rs 2 crore w.e.f February 21, 2023 | ||
| Tenure | Interest rate for general public | Interest rate for senior citizens |
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 3.70% | 4.20% |
| 46 days to 90 days | 4.10% | 4.60% |
| 91 days to 180 days | 4.75% | 5.25% |
| 181 days to 271 days | 6.00% | 6.50% |
| 272 days to | 6.25% | 6.75% |
| 1 Year to | 7.25% | 7.75% |
| 15 months to | 7.50% | 8.00% |
| 35 months 1 day to | 7.50% | 8.00% |
| 36 months to | 7.00% | 7.75% |
Source: YES Bank
YES Bank hikes interest rates for senior citizen fixed deposits
For senior citizens, the private sector bank has also hiked the interest rate of fixed deposits of select tenures by 25 to 50 bps. Fixed deposits maturing between 181 days and 271 days will earn an interest rate of 6.50 per cent. Earlier it was 6.25 per cent. Post revision, the interest rate for the fixed deposits maturing between 272 days and less than one year will jump to 6.75 per cent from 6.50 per cent for senior citizens. YES Bank has hiked the interest rate for fixed deposits maturing between one year and 15 months to 7.75 per cent from 7.5 per cent. Senior citizens can earn a whopping 8 per cent for the fixed deposits maturing between 15 months and less than 36 months. Fixed deposits maturing between 36 months and 120 months will earn an interest rate of 7.75 per cent.