Fixed Deposit 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.
Features & Benefits
Pros
Flexible interest payout options.
Loans against deposits are available.
Cons
Low credit ratings
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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