Private sector lender Yes Bank offers a range of maturities on fixed deposit (FD) accounts. The lender last revised its FD interest rates with effect from February 8, 2021.
For retail domestic fixed deposits up to Rs 2 crore, Yes Bank currently pays interest rates to the tune of 3.50-6.75 percent to the general public over a maturity period of seven days to 10 years, according to the bank's website.
Fixed deposits, also known as term deposits (TDs), are fixed-income instruments that offer fixed returns over a pre-defined period of lock-in.
In FDs, a lump sum amount is locked-in for a specific period. Investors can choose tenure usually in the range of 7 days to 10 years.
Yes Bank pays the following interest rates on fixed deposits up to Rs 2 crore, according to bank's website:
| Tenure | Interest rates for general public | Interest rates for general public (Senior citizens) |
| 7 to 14 days | 3.50% | 4.00% |
| 15 to 45 days | 4.00% | 4.50% |
| 46 to 90 days | 4.50% | 5.00% |
| 3 months to < 6 months | 5.00% | 5.50% |
| 6 months to < 9 months | 5.50% | 6.00% |
| 9 months to < 1 Year | 5.75% | 6.25% |
| 1 years < 2 years | 6.25% | 6.75% |
| 2 years < 3 years | 6.50% | 7.00% |
| 3 Years to <= 10 years* | 6.75% | 7.50% |
The bank offers better returns to senior citizen customers compared to the general public.
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