YES Bank provides its customers with many popular services and products such as FDs, loans, credit cards and many more.
A few FD schemes are offered by the bank by which the customers can get different benefits such as auto renewal facility, overdraft and tax saving etc. These FD schemes are given below:
There isn’t any set maximum amount limit for these schemes. But one cannot open an FD online with a deposit of more than 1 crore INR. He/she personally has to visit any branch of the bank to open the FD.
The customer can open an FD in the bank online from any place in case the deposit is less than 1 crore INR. He /she can also visit any branch of the bank to fulfil the purpose.
The interest rates vary as per the FD scheme chosen and the duration associated with it.
Below are given various FD annual interest rates offered by the bank:
From one week to 45 days - 6%
From 46 days to 3 months - 7.5%
Above 3 up to 6 months - 8.25%
From 6 to 9 months - 8.5%
From 9 months to 1 year - 8.75%
FDs availed for an exact duration of 1 year 18 months 7 days offers a rate of 8.85%
From 18 months 19 days to ten years, the rate availed is 8.75%
For FDs having exact duration of 271 days, the interest rate availed is 8.75%
For FDs having duration from 18 months and 8 days to 18 months and 18 days, a rate of 9% is offered.
Various flexible and new features are there about FDs offered by the bank. This is why the deposits by the bank are becoming very popular among the customers.
The tenure for NRE FDs can range from 1 year to 10 years.
The tenure for NRO FDs can range from 1 week to 10 years.
The tenure for FCNR FDs can range from 1 year up to 5 years.
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