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“Boost Your Savings with Yes Bank’s Latest FD Rates of Up to 7.75% on Selected Tenures”

Yes Bank Increases Fixed Deposit Rates Up to 7.75%

Yes Bank, a leading private sector lender, has revised the interest rates for deposits under ₹2 crore. The bank now offers interest rates on deposits maturing from seven days to 10 years, ranging from 3.25% to 7.00% for the general public and from 3.75% to 7.75% for senior citizens. Yes Bank is now offering a maximum interest rate of 7.75% for the general public and 8.25% for senior citizens on deposits that mature between 18 and 36 months. The revised rates came into effect on May 2, 2023.

Yes Bank FD Rates

Yes Bank now offers an interest rate of 3.25% on domestic term deposits that mature in seven to 14 days and an interest rate of 3.70% on domestic term deposits maturing in 15 to 45 days. The bank is offering interest rates of 4.10% for deposits held for 46 to 90 days and 4.75% for deposits held for 91 to 180 days. Deposits with maturities between 181 and 271 days will now earn interest at a rate of 6.00%, while deposits with maturities between 272 days and one year will earn interest at a rate of 6.25%. Yes Bank will give an interest rate of 7.50% on FDs maturing between one year and 18 months and a rate of 7.75% on those maturing between 18 months and 36 months. The interest rate for deposits with terms between 36 and 120 months is 7.00%.

Additional Benefits for Senior Citizens

Senior citizens who opt for Yes Respect Fixed Deposits will get an additional interest rate of 0.50% over and above the regular rates on a seven-day to less than three-year tenure. On Yes Respect Plus Fixed Deposits, senior citizens will get a further increase of 0.75% over and above the regular rates on a three- to ten-year tenor.

Financial Performance of Yes Bank

Yes Bank has reported a drop in its net profit from ₹367.46 crore in Q4FY22 to ₹202.43 crore in Q4FY23, showing a loss of over 45% on a YoY basis. However, on a QoQ basis, Yes Bank has recorded a net profit growth of nearly 293% compared to Q3FY23 of ₹51.52 crore. In Q4FY23, the bank recorded total income of ₹7,298.51 crore, compared to ₹5,829.22 crore in the same quarter last year. Yes Bank’s total income rose by 19.46% in FY23, from ₹22,285.98 crore in FY22 to ₹26,624.08 crore in FY23. Yes Bank’s net interest income (NII) for Q4FY23 was ₹2,105 crore, up 15.70% YoY and 6.80% QoQ. The bank’s NII in FY23 was ₹7,918 crore, which is a growth of 21.80% over its NII in FY22.


Yes Bank’s revised FD rates are likely to attract new depositors and increase the savings of existing customers. The additional benefits for senior citizens are expected to encourage more of them to invest in the bank’s fixed deposits, thereby, increasing Yes Bank’s deposit base. The bank’s improved financial performance in Q4FY23 is a positive indicator of its future prospects. It remains to be seen whether the bank can sustain its growth momentum in the coming years.

Sara Marcus
Sara Marcushttps://unlistednews.com
Meet Sara Marcus, our newest addition to the Unlisted News team! Sara is a talented author and cultural critic, whose work has appeared in a variety of publications. Sara's writing style is characterized by its incisiveness and thought-provoking nature, and her insightful commentary on music, politics, and social justice is sure to captivate our readers. We are thrilled to have her join our team and look forward to sharing her work with our readers.


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