FD Rate: Private sector YES Bank has changed the interest rates for its fixed deposits. The bank has made a big cut of 25 basis points i.e. 0.25 percent in the interest rates of FD. However, this cut has not been made for every period, but only for the period of 12 months to 24 months. It is clear from this cut that now those who make FD in Yes Bank will get less interest than before. The new rates have become effective from 1 April 2025.

Now YES Bank is paying interest ranging from 3.25% to 7.75% on FDs ranging from 7 days to 10 years for general citizens. These interest rates are for FDs of less than Rs 3 crore. Earlier these rates were from 3.25% to 8%. The bank is paying the highest interest for 12 months to less than 24 months, which is 7.75 percent.

If you make an FD for 24 months to less than 36 months, you will get 7.25 percent interest. At the same time, you will get the same interest on FD for 36 months to less than 60 months. Apart from this, the interest rate for 60 months is also the same i.e. 7.25 percent. On the other hand, if you make an FD for 60 months one day to 120 days, then you will get only 7 percent interest.

How much interest to senior citizens?

For senior citizens, YES Bank is giving interest rates from 3.75% to 8.25%. Earlier this rate was from 3.75% to 8.50%. The highest interest is being given to senior citizens for 12 months to less than 24 months, which is 8.25 percent.

How much penalty for premature withdrawal?

If you make a premature withdrawal from Yes Bank FD within 181 days, you will have to pay a penalty of 0.75% per annum. On the other hand, you will have to pay a penalty of 1% per annum on premature withdrawal for 182 days or more. These rates are applicable from November 3, 2023.

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