Yes Bank Saving Account Interest Rate: YES Bank has cut interest rates on its savings accounts. This decision has been taken after the Reserve Bank of India (RBI) repo rate by cutting 25 basis points to 6 percent. The new rates will be applicable today from 21 April 2025. Earlier, YES Bank had reduced interest rates on FD.
New interest rates of savings account
Now 3 percent annual interest will be available on the amount up to Rs 10 lakh.
3.5 percent interest will be available on accounts ranging from Rs 10 lakh to Rs 25 lakh.
Interest of 4 percent will be applicable on the amount ranging from Rs 25 lakh to Rs 50 lakh.
5 percent interest will be available on the amount ranging from Rs 50 lakh to Rs 100 crore.
YES Bank CEO Prashant Kumar said that the decision was taken in the Liability Committee meeting of the bank on 17 April. He said that this has been done keeping in mind the RBI rates. He also informed that in the financial year 2025–26, the bank is carrying a target of 12 to 15 percent loan growth, while the deposit amount is expected to increase slightly more so that the credit-to-depocit (CD) ratio can remain balanced. The bank is planning to reduce this ratio from 86 percent to 85 percent. The bank also said that Mibor Linked Saving Accounts are also available for some customers, whose rates can be changed from time to time.
Private Sector Bank Yes Bank reduced the interest rate on FD on 1 April 2025. The bank had reduced the interest rate by 0.25 per cent on FD of some of its periods.
Yes Bank FD Rates
7 days to 14 days: 3.25 percent (general public)/ 3.75 percent (Senior Citizen)
15 days to 45 days: 3.70 percent (general public)/ 4.20 percent (Senior Citizen)
46 days to 90 days: 5 percent (general public)/ 4.60 percent (Senior Citizen)
91 days to 120 days: 5 percent (general public)/ 5.25 percent (Senior Citizen)
121 days to 180 days: 5 percent (general public)/ 5.50 percent (Senior Citizen)
181 days to 271 days: 6.25 percent (general public)/ 6.75 percent (Senior Citizen)
272 days less than 1 year: 6.50 percent (general public)/ 7 percent (Senior Citizen)
1 year to one year 24 months less: 7.75 percent (general public)/ 8.25 percent (Senior Citizen)
24 months 1 day to 36 months less: 7.25 percent (general public) / 7.75 percent (Senior Citizen)
36 months to 60 months: 7.25 percent (general public)/ 8 percent (Senior Citizen).
60 months: 7.25 percent (general public)/ 8 percent (senior citizens)
60 months 1 day to 120 months: 7 percent (general public)/ 7.75 percent (Senior Citizen)
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