Fixed Deposit Details
Bank Name
YES Bank
Eligibility
All yes bank customers excluding the NRIs
Interest Rate
Up to 8.50% per annum.
Tenure
6 months to 10 years.
Fixed Deposit Type
Flexible
Flexigain Recurring Deposits
Tax Benefits
None
Credit Ratings
CRISIL A-
Interest Payment Frequency
At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Not mentioned by the bank
Features
You can open a fixed deposit for a minimum period of 6 months to a maximum of 10 years
Premature closure and partial withdrawal facility are available.
0.50% p.a. additional rate for senior citizens.
No fixed amount is required every month.
FD breakage will not attract any penalty on withdrawal.
Minimum Investment Amount
1,000
Features & Benefits
Pros
Additional concession for senior citizens.
Maximum tenure of upto 10 years.
Flexible deposit amount.
Cons
No tax saving benefits.
Pros & Cons
Account Opening Procedure
How to Open?
Give missed call at 07127191191 or visit your nearest YES Bank branch
Application Procedure
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