Product Details
Bank Name
Yes Bank
Eligibility
All yes bank customers excluding the NRIs
Interest Rate
Fluctuating
Tenure
1 year to 3 year
Fixed Deposit Type
Floating Rate
Floating Rate Fixed Deposit
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
Cumulative.
Features
The minimum deposit amount is INR 10,000
Overdraft facility up to 90% of the principal value.
Senior citizens get an extra 0.50% interest rate for value less than INR 2 Crore and up to 0.45% for value of 2–5 Crore
Reinvestment option available with payout at maturity.
Minimum Investment Amount
INR 10,000
Features & Benefits
Pros
Loan/Overdraft against deposit is available.
Cumulative rate of interest.
Cons
Low credit ratings.
Min FD tenure 1 year
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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