Fd rates: YES Bank has changed its fixed deposit (FD) interest rates. YES Bank recently reduced FD interest rates. The bank has once again reduced interest on FD. This time YES Bank has reduced 0.25 percent interest on FDs of some periods. Now these do not have come into force from 21 April 2025. The bank has reduced its highest interest rate from 7.75% to 7.50%. These new rates have been applicable to FDs of less than Rs 3 crore.
This is the second time Yes Bank has reduced rates in the month of April. Earlier, the bank had reduced the FD rates at the beginning of April. This decision came after cutting the RBI repo rate by 25 basis points. RBE has reduced the repo rate to 6 percent. The bank is currently trying to balance its deposit cost.
However, interest has increased by 25 basis points i.e. 0.25 per cent on FDs of some medium and long periods. For example, FD up to 36 months less than 12 months will now pay 7.50% interest instead of 7.25%, while senior citizens will get 8.00% interest on this slab. The new FD rates for normal customers are like this.
7 to 14 days: 3.25%
46 to 90 days: 5.00%
181 to 271 days: 6.25%
272 days to 12 months less: 6.50%
12 months: 7.00%
12 months 1 day to 36 months less: 7.50%
3 to 5 years: 7.50%
5 years 1 day to 10 years: 7.00%
Senior citizens will benefit more
Senior Citizens will continue to get more interest on all applicable tenure. A maximum of 8.25% interest will be available on FD between 3 and 5 years.
Yes Bank also cut the interest rates of savings account
3% on the amount up to Rs 10 lakh
At the amount ranging from 10 lakh to 25 lakh rupees: 3.5%
On amount ranging from 25 lakh to 50 lakh rupees: 4%
50 lakh to Rs 100 crore on amount: 5%
Each slab will get interest according to the increase in incremental balance. To know interest on deposit of more than Rs 100 crore, you have to go to the bank branch and find out. With this change, customers will have to choose the tenure carefully while getting FD so that they can get more benefits.
Now 10 -year -old children will also be able to run bank account, RBI made a new rule, from July 1