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FD Rates: Before Holi, Yes Bank gave a big gift to customers, now it will earn more than before


new Delhi. Yes Bank has given a big gift to its customers before Holi and especially for senior citizens. The bank has increased the interest rates on Fixed Deposits (FD) for senior citizens. If you also want to make a fixed deposit for your parents or any senior citizen, then there is good news for you.

Private sector Yes Bank has increased the interest rates on Senior Citizen’s FD (Yes Bank FD Rates). Now senior citizens will get the benefit of more interest than before. Yes Bank is currently giving 0.75 percent more interest on FDs to senior citizens than the normal rate.

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Know how much interest is getting
Yes Bank is offering 7 per cent interest to senior citizens on FDs up to Rs 2 crore for a tenure of 3 to 10 years, which is 0.75 per cent higher than the normal rate of 6.25 per cent. In Yes Bank, Senior Citizens are offered an Annualized Yield of 7.19 per cent on tenures of 3-10 years as against the normal rate of 6.40 per cent. The bank pays 3.75 per cent interest to senior citizens for the tenure of 7 days to 14 days, which is 0.50 per cent more than the normal rate of 3.5 per cent. Yes Bank gives an additional interest rate of 0.5-0.75 percent to senior citizens during several tenures.

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Learn SBI How much interest is paying on FD
SBI is giving 5.95 percent interest to senior citizens on the tenure of less than 3 to 5 years. For tenures of 5 years and up to 10 years, the rate is 6.30 per cent. Apart from this, HDFC Bank and ICICI Bank are offering 6.35 per cent interest to senior citizens on FDs of less than Rs 2 crore for tenures ranging from 5 years to 10 years.

safe investment option
Fixed deposits are considered a better option for safe investments. This is not only a great investment for safe returns but can also save tax up to Rs 1.5 lakh. In such a situation, investing in FD is considered better to get better returns.

Tags: Bank FD, FD Rates, Senior Citizens, Yes Bank


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