Thursday, 28 October 2021

Fixed deposit rates revised: YES Bank

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Check the latest  Fixed Deposit interest rates here

New fixed deposit (FD) interest rates of Yes Bank will come into effect from 3 June.

Bank offers much fixed deposit (FD) schemes to both regular and senior citizens. In addition, the Bank also provides fixed deposit schemes for a tenure starting from 7 days (short term) to 10 years (long-term).

The updated interest rate on term deposits will come into effect from 3 June 2021.

 After the latest revision,

Bank provides an interest rate of 3.25% on maturing deposits from seven to fourteen days, 15 to 45 days interest to be 3.5%, and on 46 to 90 days, FDs will be 4%.

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Bank will give 4.5%, 5% on term deposits maturing in 3 months to less than six months and six months to less than nine months, respectively.

With a maturity period of 9 months to less than one year, the Bank provides an interest rate of 5.75% for Fixed deposits.

Maturing Deposits in 1 year or less than two years will get an interest rate of 6%. Fixed Deposits maturing in 2 years to less than three years will give 6.25%, although deposits completing in 3 years to 10 years will get 6.50%.

Yes Bank latest FD rates (below ₹ two crores) for the general public effective from 3 June 2021

7 to 14 days 3.25%

15 to 45 days 3.50%

46 to 90 days 4%

3 months to < 6 months 4.50%

6 months to < 9 months 5%

Nine months to < 1 Year 5.25%

One year < 2 years 6%?

Two years < 3 years 6.25%

3 Years to <= 10 years* 6.50%

Yes Bank latest FD rates (below ₹ two crores) for senior citizens

 50 basis points higher interest rates continue for Senior citizens than the general public

Bank offers Interest rates vary from 3.75% to 7.25% on FDs maturing in 7 days to 10 years.

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Yes, Bank reported a ₹3,790 crore loss on a consolidated basis for the March quarter, as against a profit of ₹2,665 crores in the year-ago period,

Due to the COVID-19 pandemic, the asset quality reverses forced the Bank to set aside money for potential loan losses.

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