Yes Bank RD Interest Rates 2024
|
Tenure |
Rates for General Citizens |
Rates for Senior Citizens |
|---|---|---|
| 6 Months | 6.10% | 6.60% |
| 9 Months | 6.35% | 6.85% |
| 12 Months | 7.25% | 7.75% |
| 15 Months | 7.50% | 8.00% |
| 18 Months | 7.75% | 8.25% |
| 21 Months | 7.75% | 8.25% |
| 24 Months | 7.25% | 7.75% |
| 27 Months | 7.25% | 7.75% |
| 30 Months | 7.25% | 7.75% |
| 33 Months | 7.25% | 7.75% |
| 3 Years to less than 5 Years | 7.25% | 8.00% |
| 5 Years | 7.25% | 8.00% |
| 5 Years 1 day and Above | 7.00% | 7.75% |
Yes Bank RD Interest Rates 2024
Yes Bank provides recurring deposit (RD) interest rates ranging from 6.60% to 8.25% per annum for senior citizens and 6.10% to 7.75% for other depositors. Depositors can start a Yes Bank RD for a minimum of ₹1,000 and in multiples of ₹100 for terms ranging from 6 months to 10 years. Along with the regular recurring deposit scheme, Yes Bank provides a Flexi-gain Recurring Deposit scheme.
A recurring deposit allows a depositor to make a regular fixed amount monthly deposit (in his or her RD account) and earn interest rates similar to fixed deposits. Customers of Yes Bank have access to extremely flexible RD options with attractive interest rates for investing a significantly smaller amount every month. They are also eligible for additional benefits like as TDS-free interest, a reasonable minimum tenure, and no monthly installment upper cap.
Geeky Takeaways:
- Yes Bank RD lets you make payments in amounts of ₹100, with a minimum monthly payment of ₹1,000.
- There is no higher limit on how much you can pay each month for a Yes Bank RD loan.
- Yes Bank RD terms run from six months to ten years, giving investors a lot of options.
- According to the current income tax rules, Yes Bank RD interest does not have to be taxed with TDS.
- It’s easy to open an RD account with Yes Bank because you can do it offline, online, or on your phone.
Table of Content
- Yes Bank RD Interest Rates 2024
- Features of Yes Bank Recurring Deposit
- How to Open an RD Account in Yes Bank?
- How to Calculate RD Interest Rates in YES Bank?
- Eligibility Criteria to Start an RD Account with YES Bank
- Documents Required for Starting an RD Account
- Types of Yes Bank RD Accounts
- Yes Bank RD Premature Withdrawal Rules
- Conclusion
- FAQs