Interest Rates
3.00% – 7.75% p.a.
Time Period
7 days to 120 months
Min - Max Amount
10,000 - No upper limit for retail deposits; bifurcation applies for bulk deposits of ₹3 crore and above
Compounding
Quarterly
ENTER AMOUNT
Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
YES Bank Limited stands as one of India's prominent private sector banks, renowned for its customer-centric approach and innovative financial solutions. Incorporated on 21 November 2003 as a public limited company under the Companies Act, 1956, and commencing operations in 2005, the bank was founded by entrepreneur Rana Kapoor. Headquartered in the bustling financial hub of Mumbai, Maharashtra, YES Bank has grown exponentially from its nascent stages into a full-service commercial bank with a nationwide footprint. The institution's ethos revolves around "banking on India's future," emphasising sustainable growth, technological integration, and tailored services for retail, corporate, and non-resident Indian (NRI) clients.
The bank's journey began with a focus on high-quality corporate banking, leveraging India's economic liberalisation to cater to sunrise sectors such as infrastructure, healthcare, and education. However, the bank faced significant challenges in 2020 amid a liquidity crisis, leading to a reconstruction scheme overseen by the Reserve Bank of India (RBI). This pivotal moment saw State Bank of India (SBI) and other investors infuse capital, stabilising operations and paving the way for recovery. By 2025, YES Bank has rebounded strongly, reporting robust profit growth, enhanced asset quality, and a renewed emphasis on digital banking innovations.
Today, YES Bank operates over 1,000 branches and service centres across India, with an international presence including a representative office in Abu Dhabi and an International Banking Unit (IBU) at GIFT City, Gujarat. It offers a diverse portfolio encompassing deposits, loans, cards, wealth management, and investment products. The bank's commitment to sustainability is evident in its green banking initiatives and support for eco-friendly projects. Under the stewardship of Managing Director and CEO Prashant Kumar, appointed in 2020 and whose tenure was extended until April 2026, YES Bank prioritises digital transformation, with platforms like YES Online and IRIS app facilitating seamless transactions.
YES Bank's resilience is underscored by its adherence to global best practices and robust governance frameworks. It has consistently invested in technology, launching products like the floating rate fixed deposit and AI-driven advisory services.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 days to 14 days | 3.00% | 3.25% |
15 days to 29 days | 3.25% | 3.50% |
30 days to 45 days | 3.50% | 3.75% |
46 days to 90 days | 4.00% | 4.25% |
91 days to 180 days | 4.50% | 4.75% |
181 days to less than 12 months | 5.50% | 5.75% |
12 months to less than 24 months | 7.75% | 7.98% |
24 months to less than 36 months | 7.25% | 7.45% |
36 months to less than 60 months | 7.25% | 7.45% |
60 months | 7.25% | 7.45% |
60 months 1 day to 120 months | 7.00% | 7.25% |
Note: The data is as of August 6, 2025
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 days to 14 days | 3.25% | 3.50% |
15 days to 29 days | 3.50% | 3.75% |
30 days to 45 days | 3.75% | 4.00% |
46 days to 90 days | 4.25% | 4.50% |
91 days to 180 days | 4.75% | 5.00% |
181 days to less than 12 months | 5.75% | 6.00% |
12 months to less than 24 months | 7.50% | 7.75% |
24 months to less than 36 months | 7.00% | 7.25% |
36 months to less than 60 months | 7.00% | 7.25% |
60 months | 7.00% | 7.25% |
60 months 1 day to 120 months | 6.75% | 7.00% |
Note: The data is as of August 6, 2025
Investing in a YES Bank Fixed Deposit offers a secure and predictable avenue for wealth accumulation, backed by the bank's strong regulatory compliance and high credit ratings. One of the primary features is the flexibility in tenure, ranging from as short as seven days to a decade, allowing investors to align their savings goals with varying liquidity needs. Interest is compounded quarterly for cumulative options, maximising returns through the power of reinvestment, while non-cumulative schemes provide regular payouts, monthly, quarterly, or annually, to supplement income, particularly beneficial for retirees.
Senior citizens enjoy an additional interest rate of 0.50% p.a. for tenures under three years and 0.75% p.a. thereafter, enhancing their post-retirement financial planning. The minimum investment threshold of ₹10,000 makes it accessible to a broad spectrum of savers, with no upper cap for retail deposits, fostering inclusivity. YES Bank's digital platforms, including the YES Online portal and mobile app, enable seamless online booking, renewal, and premature closure requests, reducing paperwork and travel hassles. Loan against FD facility provides up to 90% of the deposit value at competitive rates, offering emergency liquidity without disrupting the principal.
Moreover, the bank's commitment to transparency is evident in its clear penalty structures for premature withdrawals and TDS compliance. With DICGC insurance covering deposits up to ₹5 lakh per depositor, security is paramount. These features collectively deliver not just attractive yields but also peace of mind, positioning YES Bank FDs as a cornerstone for conservative investors seeking stability amid market volatility.
At the core is the standard Resident Fixed Deposit, ideal for domestic savers seeking hassle-free, high-yield investments. This scheme accommodates tenures from seven days to 120 months, with interest rates up to 7.75% p.a. for regular customers and higher for seniors. Investors can opt for cumulative deposits where interest compounds quarterly, or non-cumulative for periodic payouts, suiting those needing steady cash flow. The scheme's versatility extends to auto-renewal options, ensuring uninterrupted earning, and integration with savings accounts for easy fund transfers.
For tax-conscious investors, the Tax Saver Fixed Deposit stands out as a Section 80C-eligible instrument under the Income Tax Act, 1961. Locked for a mandatory five-year tenure, it allows deductions up to ₹1.5 lakh annually, blending savings with fiscal prudence. Rates here mirror standard FDs but with the added allure of tax relief, making it a staple for salaried professionals aiming to optimise their taxable income. Premature closure is prohibited, reinforcing disciplined saving, yet the scheme's security and guaranteed returns appeal to conservative planners.
NRIs have specialised offerings like the Non-Resident External (NRE) Fixed Deposit, denominated in Indian rupees but funded via foreign earnings. Fully repatriable, both principal and interest, this scheme shields against forex fluctuations and offers tax-free status in India, with rates competitive at up to 7.75% p.a. Complementing it is the Non-Resident Ordinary (NRO) Fixed Deposit, for income accrued in India, such as rentals or pensions. While interest is taxable, repatriation is capped at USD 1 million per financial year, providing a regulated channel for managing Indian assets.
The Foreign Currency Non-Resident (FCNR) Fixed Deposit caters to global-minded NRIs, held in foreign currencies like USD, GBP, or EUR, eliminating exchange risk. With tenures from one to five years, it guarantees principal and interest repatriation, and interest is tax-exempt in India. Rates, though currency-dependent, often surpass domestic equivalents, appealing to those hedging against rupee depreciation.
YES Bank's Flexi Fixed Deposit introduces liquidity with partial withdrawal privileges after a minimum lock-in, without full penalty, ideal for semi-emergency funds. This hybrid blends FD security with RD-like flexibility, auto-transferring excess savings into higher-yield deposits.
Additionally, the Floating Rate Fixed Deposit innovates by linking yields to market benchmarks like the RBI repo rate, adjusting dynamically for potential upside in rising cycles. Launched to counter fixed-rate rigidity, it suits aggressive savers anticipating rate hikes.
For corporates and high-value clients, Bulk Fixed Deposits (₹3 crore+) offer negotiated rates with callable/non-callable variants, callable allowing early redemption at issuer's discretion, non-callable for locked predictability. These bulk schemes facilitate treasury management, with custom tenures and minimal penalties for strategic liquidity.
YES Bank's suite also includes Green Fixed Deposits, channeling funds into sustainable projects like renewable energy, offering marginally higher rates (0.10% p.a. extra) to eco-conscious investors. This aligns with the bank's ESG commitments, attracting millennials prioritising impact alongside returns.
Short-term deposits attract conservative rates of 3.00%-4.25% p.a. for regulars, suiting parking needs with minimal lock-in. These tenures are ideal for investors seeking temporary deployment of surplus funds while maintaining liquidity for upcoming expenses or opportunities.
Medium-term options step up to 4.50%-5.75% p.a., ideal for bridging cash flows without eroding value. This category offers a balanced approach for investors with specific short-term financial goals or those awaiting longer-term investment opportunities.
The sweet spot lies in 12-24 months at 7.75% p.a., maximising earnings for balanced horizons, with seniors gaining 7.98%. This tenure bracket represents the peak earning potential for YES Bank FD investors seeking optimal returns with reasonable commitment periods.
Longer tenures stabilise at 7.25% p.a., rewarding patience amid potential rate cuts. These extended periods are suitable for retirement planning, children's education funds, or other long-term wealth accumulation objectives where liquidity is not an immediate concern.
Beyond 60 months dips slightly to 7.00% for ultra-long security. While offering the longest commitment period, these tenures provide slightly lower returns, reflecting the bank's assessment of long-term economic conditions and funding requirements.
| Tenure Range | Institution Name | Interest Rate Range (%p.a.) |
|---|---|---|
| 12 months to less than 24 months | 7.75› |
 | 365 days/ One Year | 6.20› |
 | 1 year to less than 2 years | 6.60› |
 | 1 year 11 days to 2 years | 7.00› |
 | 15 months – < 18 months | 7.25› |
Note: The data is as of August 6, 2025
Investing in a YES Bank Fixed Deposit is a straightforward process, designed for efficiency through digital and offline channels. To begin online, log into the YES Bank mobile app or visit yesbank.in, navigating to the 'Deposits' section under Personal Banking. Existing customers authenticate via MPIN or biometrics, while new users complete e-KYC using Aadhaar OTP or video verification for instant onboarding. Select 'Fixed Deposit,' input the investment amount, choose tenure, and opt for cumulative or payout frequency.
For offline investment, approach any YES Bank branch with required documents. Branch executives assist in form filling, rate quotation, and cheque/cash deposit, issuing a physical receipt. NRIs can utilise NRE/NRO accounts via net banking or through authorised dealers abroad. This method is preferred by those who value personal assistance or are uncomfortable with digital processes.
Eligibility for a YES Bank FD account is inclusive, encompassing resident Indians aged 18+, NRIs/PIOs, HUFs, trusts, societies, and corporates. Minors require guardian operation. No income proof needed for retail; bulk may assess creditworthiness. NRIs need valid passport/OCI/PIO status.
To elaborate, resident individuals, including senior citizens (60+), qualify without restrictions, fostering broad participation. Joint accounts up to four holders permitted, with 'Either or Survivor' mode standard. For entities, partnership firms need registration, companies, incorporation certificate. NRIs must hold NRE/NRO accounts. This liberal criteria democratises access to secure returns.
Opening a YES Bank FD requires minimal documentation for KYC verification, streamlining the process. Individuals submit identity proof (Aadhaar, PAN, passport, voter ID, or driving licence) and address proof (utility bill, bank statement, or rental agreement not older than three months). PAN is mandatory for all, with Form 60 alternative for non-PAN holders. Seniors provide age proof like pension order.
For joint accounts, each holder furnishes separate IDs. NRIs add passport copies, visa/OCI, and overseas address proof. Entities require incorporation certificate, MoA/AoA, board resolution, and authorised signatories' KYC. HUFs need declaration and karta's ID. Digital opening uses e-KYC, uploading scans; offline accepts originals for verification.
Interest earned on YES Bank FDs is taxable as "Income from Other Sources" under the Income Tax Act, added to total income and taxed per slab rates, up to 30% plus cess for high earners. No TDS if annual interest stays below ₹40,000 (₹50,000 for seniors); otherwise, 10% deducted at source, reclaimable via ITR. Submit Form 15G/H if income below exemption limit to avoid TDS.
Tax Saver FDs offer 80C deduction up to ₹1.5 lakh, but interest remains taxable. NRIs face 30% withholding on NRO interest (plus surcharge/cess), while NRE/FCNR is tax-free in India, subject to home country rules. Advance tax provisions apply for large accruals. Use FD calculator for pre-tax projections, aiding slab optimisation via laddering.
Premature closure of YES Bank FDs incurs a penalty of 0.50%-1.00% on applicable interest rate, deducted from principal/interest, varying by tenure and amount. No penalty for deaths or court orders; staff FDs post-May 2021 exempt. Minimum seven-day holding mandatory; apply via branch/app with 24-48 hour processing. Bulk deposits negotiate terms. This provision maintains discipline while offering exit flexibility.
Log into the YES Bank app or website, select 'Fixed Deposit' under Deposits, enter amount and tenure, and confirm via OTP for instant booking. Existing account holders link funds directly, while new users complete e-KYC for seamless activation.
The minimum investment for a YES Bank FD is ₹10,000, making it accessible for small savers seeking secure returns. No maximum limit applies for retail, though bulk rates kick in at ₹3 crore.
YES Bank FDs offer tenures from seven days to 120 months, catering to short-term parking and long-term goals alike. Flexible slabs ensure alignment with liquidity preferences, from overnight to decennial commitments.
Eligible applicants include residents aged 18+, NRIs with valid visas, and entities like HUFs, requiring basic KYC via Aadhaar/PAN. Digital opening demands internet access and linked savings account for funding.
The peak rate reaches 7.75% p.a. for regular customers on 12-24 month tenures under ₹3 crore deposits. Seniors secure up to 8.00% p.a., enhancing appeal for mid-term investments.
Input amount, tenure, and rate into YES Bank's online FD calculator to forecast maturity and interest, then adjust for TDS/slab impacts via ITR simulations. This tool aids laddering strategies to stay under exemption thresholds, optimising net yields.
Opt for longer tenures with quarterly compounding and senior add-ons if applicable, diversifying across schemes like Tax Saver for deductions. Renew at peak rates and leverage loans against FD to reinvest elsewhere without breaking the deposit.
