Yes Bank revises savings account interest rates, now earn up to 7% interest rate

Yes Bank has revised interest rates on domestic and non-resident savings accounts effective from August 21, 2023. The bank offers savings account interest rates ranging from 3.50% to 7%. Interest in savings account will be calculated daily and credited quarterly.

Latest Yes Bank savings account interest rates

According to the official Yes Bank website, the bank is currently offering 3.5% on daily balances up to Rs 1 lakh. The bank would pay 4.25% interest on daily balances between Rs 1 lakh to less than Rs 5 lakh, 5% on daily balances exceeding Rs 5 lakh up to Rs 10 lakh, 7% interest rate on balances over Rs 10 lakh and up to Rs 5 crore, and a 6% interest rate on balances between Rs 5 crore to less than Rs 25 crore.

Daily Balance in the	Applicable Interest Rates (p.a.)
Savings Account (INR)^^	w.e.f. 21st August’23
<=1 Lac	3.50%
>1 Lac to < 5 lacs	4.25%
>=5 Lac to < 10 lacs	5.00%
>=10 lacs to < 5 Cr	7.00%
>=5 Cr to < 25 Cr	6.00%

Yes Bank latest FD rates

Yes Bank revised fixed deposit rates for amounts below Rs 2 crore on July 28, 2023. After the revision, the bank offers interest rare between 3.25% to 7.75%.

Fixed Deposit Interest Rates w.e.f. 31st July, 2023
Period	Regular	Senior Citizen**
	Interest Rates	Interest Rates
	(%P.A.)*	(%P.A.)*
7 days to 14 days	3.25%	3.75%
15 days to 45 days	3.70%	4.20%
46 days to 90 days	4.10%	4.60%
91 days to 120 days	4.75%	5.25%
121 days to 180 days	5.00%	5.50%
181 days to 271 days	6.10%	6.60%
272 days to < 1 year	6.35%	6.85%
1 year to < 18 months	7.50%	8.00%
18 month < 36 months	7.75%	8.25%
36 months to < 60 months	7.25%	8.00%
60 months	7.25%	8.00%
60 months 1 day to <= 120 months	7.00%	7.75%

Senior citizens
The bank offers the highest interest rate of 8.25% on tenure of 18 months to less than 36 months.

Premature penalty on fixed deposits
All deposits that are booked or renewed for less than Rs 5 crore will be subject to a penalty for premature withdrawal. Note that premature penalty shall not be applicable for Senior Citizen customers.

Tenure of Fixed Deposit (Completed)
	w.e.f. 08th Aug 2022*
Less than equal to 181 days	0.50%
182 days and above	0.75%