Yes Bank has increased the interest rates of the Fixed Deposit Scheme.
Private sector bank Yes Bank has changed the interest rates on fixed deposits of less than Rs 2 crore.
Yes Bank is offering a 7.50 percent interest rate on a 30-month special FD and an 8 percent interest rate for senior citizens.
The bank is offering interest ranging from 3.25 percent to 7 percent on deposits ranging from seven days to 120 months.
Senior citizens are getting interest rates from 3.75 percent to 7.75 percent on deposits for this period.
On Yes Bank's 15-month FD, the common man will get an interest rate of 7.25% and senior citizens at 7.75%.
The bank is offering an interest rate of 7.25 percent on FDs of 20 to 22 months and 7.75 percent for senior citizens.
Deposits maturing in 181 days to 271 days will now get an interest rate of 5.75 percent.
Deposits maturing in one year to the next 272 days will now get an interest rate of 6.00 percent.
The bank is offering interest on deposits maturing in 1 year to 120 months with a maximum standard rate of 7% per annum.
According to the official website of the bank, the new rates have come into effect from January 3, 2023.