Large Private Sector Bank That Offers 8.25% interest On Fixed Deposits

Fixed Deposits (FDs) is a key investment instrument that help customers save money. Investors can invest a sizeable amount of money at a pre-decided interest rate for a fixed tenure in an FD.

Recently, Yes Bank has introduced two new fixed deposit tenure i.e. 25 months (FD 25) and 35 months (FD 35) on January 12, 2022. Now regular citizens will get maximum 7.75% interest rate and senior citizens will get 8.25% interest rate. Check details below:

1. Interest Rates Available In FD 25

The new FD tenure of 25 months will offer regular citizens a maximum interest rate of 7.50% p.a. and the same tenure will offer senior citizens an interest rate of 8% p.a.

2. Interest Rates Available In FD 35

In this FD with a tenure of 35 months, regular citizens will get maximum 7.75% p.a. interest rate and senior citizens can fetch an interest rate of 8.25% p.a. These interest rates have already become effective beginning from January 12, 2023.

3. Interest Rates Available In FD 15

The FD is for the tenure of 15 months. In this FD, the new rates have become effective from January 3, 2023. Regular citizens can get an interest rate of 7.25% while senior citizens can fetch an interest rate of 7.75%.

4. Fixed Deposit Interest Rates For Less Than 2 Crore

The bank revised interest rates on January 12, 2023. The minimum interest rate for regular citizen for FDs for the tenor of 7 days to 14 days is 3.25% meanwhile senior citizens can fetch an interest rate of 3.75% under this tenor.

The bank is offering a maximum interest rate to regular citizens for FDs for the tenor of 1 year to 15 months is 7%. Meanwhile, the maximum interest rate that senior citizens can fetch is 7.75% for FDs for the tenor of 36 months to <= 120 months