Interest rates

Yes, the bank cuts interest rates on the savings account: details inside

Yes Bank savings account interest rate

The bank offers the following interest rates on savings accounts from December 15, 2021. These rates are applicable to domestic and non-resident savings accounts.

Daily savings account balance (INR) Applicable interest rates (pa) from December 15, 21
4%
> 1 lake at 4.50%
> = 10 lakes at 5.00%
> = 1 Cr to 5.25%
Source: Bank website
Yes Fixed bank deposit interest rate

Yes Fixed bank deposit interest rate

On November 3, 2021, the bank changed its interest rates on fixed deposits, and the current rates are as follows for deposits less than Rs. 2 Cr.

Tenor Ordinary Annualized return Old person Annualized return
7 to 14 days 3.25% 3.25% 3.75% 3.75%
15 to 45 days 3.50% 3.50% 4.00% 4.00%
46 to 90 days 4.00% 4.00% 4.50% 4.50%
3 months at 4.50% 4.50% 5.00% 5.00%
6 months to 5.00% 5.03% 5.50% 5.54%
9 months to 5.25% 5.32% 5.75% 5.83%
1 year 6.00% 6.14% 6.50% 6.66%
3 years at 6.25% 6.40% 7.00% 7.19%
Source: Bank website
Yes Interest rate on recurring bank deposits

Yes Interest rate on recurring bank deposits

Yes Bank is currently offering the following rates on recurring deposits of less than Rs 2 crore, effective November 3, 2021.

Tenor Regular interest rate (per year) Senior rates (per year)
6 months 5.00% 5.50%
9 months 5.25% 5.75%
12 months 6.00% 6.50%
15 months 6.00% 6.50%
18 months 6.00% 6.50%
21 months 6.00% 6.50%
24months 6.00% 6.50%
27 months 6.00% 6.50%
30 months 6.00% 6.50%
33 months 6.00% 6.50%
36 months 6.25% 7.00%
5 years to 10 years 6.25% 7.00%
Source: Bank website