Yes BANK, FD is safe and secure scheme for salaried people, retired persons and housewives among others to earn interest on their hard earned money. Yes Bank gives interest monthly, quarterly, half-yearly or yearly intervals. You can open an account with minimum term deposit amount of Rs 50/-.
- Favourable interest earnings
- Withdraw your deposit in units as low as Re 1/-
- Easy funds withdrawal through our sweep-in facility
- Avail of overdrafts against your deposits at competitive rates, giving you complete funds liquidity
- Auto Renewal, ensuring that your Fixed Deposit will be rolled over for the existing period of the deposit, even if you forget to give instructions
- Tax Saver Deposits - (5 years tax free Fixed Deposit)
- Rates for monthly interest payout will be discounted based on the prevailing rates
- No penal charges on pre-mature withdrawal, however the rate applicable will be lower of:
- The original rate at which the deposit has been booked or
- The rate applicable for the tenure for which the deposit has been in force with the Bank.
- Your interest is calculated on a quarterly basis for deposits of over 6 months. For those deposits with a tenure of 6 months and below, the interest is calculated at maturity as Simple Interest.