Yes Bank has revised interest rates on domestic and non-resident savings accounts effective from August 21, 2023. The bank offers savings account interest rates ranging from 3.50% to 7%. Interest in savings account will be calculated daily and credited quarterly.According to the official Yes Bank website, the bank is currently offering 3.5% on daily balances up to Rs 1 lakh. The bank would pay 4.25% interest on daily balances between Rs 1 lakh to less than Rs 5 lakh, 5% on daily balances exceeding Rs 5 lakh up to Rs 10 lakh, 7% interest rate on balances over Rs 10 lakh and up to Rs 5 crore, and a 6% interest rate on balances between Rs 5 crore to less than Rs 25 crore.
| Daily Balance in the | Applicable Interest Rates (p.a.) |
| Savings Account (INR)^^ | w.e.f. 21st August’23 |
| <=1 Lac | 3.50% |
| >1 Lac to < 5 lacs | 4.25% |
| >=5 Lac to < 10 lacs | 5.00% |
| >=10 lacs to < 5 Cr | 7.00% |
| >=5 Cr to < 25 Cr | 6.00% |
Yes Bank latest FD rates
Yes Bank revised fixed deposit rates for amounts below Rs 2 crore on July 28, 2023. After the revision, the bank offers interest rare between 3.25% to 7.75%.
| Fixed Deposit Interest Rates w.e.f. 31st July, 2023 | ||
| Period | Regular | Senior Citizen** |
| Interest Rates | Interest Rates | |
| (%P.A.)* | (%P.A.)* | |
| 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 120 days | 4.75% | 5.25% |
| 121 days to 180 days | 5.00% | 5.50% |
| 181 days to 271 days | 6.10% | 6.60% |
| 272 days to < 1 year | 6.35% | 6.85% |
| 1 year to < 18 months | 7.50% | 8.00% |
| 18 month < 36 months | 7.75% | 8.25% |
| 36 months to < 60 months | 7.25% | 8.00% |
| 60 months | 7.25% | 8.00% |
| 60 months 1 day to <= 120 months | 7.00% | 7.75% |
Senior citizens
The bank offers the highest interest rate of 8.25% on tenure of 18 months to less than 36 months.Premature penalty on fixed deposits
All deposits that are booked or renewed for less than Rs 5 crore will be subject to a penalty for premature withdrawal. Note that premature penalty shall not be applicable for Senior Citizen customers.
| Tenure of Fixed Deposit (Completed) | |
| w.e.f. 08th Aug 2022* | |
| Less than equal to 181 days | 0.50% |
| 182 days and above | 0.75% |
