Product Details
Bank Name
Yes Bank
Eligibility
All yes bank customers excluding the NRIs
Interest Rate
Up to 8.50% per annum.
Tenure
7 days to 120 months
Fixed Deposit Type
Regular
Fixed Deposits
Tax Benefits
None
Credit Ratings
CRISIL A-
Interest Payment Frequency
Monthly/quarterly/ 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
Both
Features
You can get a loan against Fixed deposits.
The minimum deposit period of 7 days and the maximum deposit period is 10 years.
Flexible interest payout options.
Minimum Investment Amount
Not specified by the bank.
Fees and Charges
Pros
Flexible interest payout options.
Loans against deposits are available.
Cons
Low credit ratings
Pros & Cons
Account Opening and Procedure
How to Open?
Give missed call at 07127191191 or visit your nearest YES Bank branch
Application Procedure
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