Friday, December 1st, 2023

FD Hike: Yes Bank increased interest rates on FD, know how much will be the benefit


Yes Bank hikes interest on FDs below Rs 2 crore
Effect of increase in repo rate by RBI
Many banks have increased FD rates

New Delhi. If you want to get strong returns in a safe way by investing in Fixed Deposit (FD), then this news is for you only. In fact, Yes Bank of the private sector has increased the interest rates on fixed deposits of less than Rs 2 crore. According to the information available on the official website of the bank, the new rates of interest are effective from February 21, 2023.

Yes Bank has increased the interest on fixed deposits from 0.25 per cent to 0.50 per cent. The bank has revised the FD interest rates for 25 months. The bank is now offering 8% interest on 36 months fixed deposit.

Read This Also:- RBI Monetary Policy 2023: RBI made loan costlier by 0.25 percent, estimated 6.4 percent growth rate next year

yes bank fd rates
7 days to 14 days: 3.25% (General Citizen) / 3.75% (Senior Citizen)
15 days to 45 days: 3.70% (General Citizen) / 4.20% (Senior Citizen)
46 days to 90 days: 4.10% (General Citizen) / 4.60% (Senior Citizen)
91 days to 180 days: 4.75% (Ordinary Citizen)/ 5.25% (Senior Citizen)
181 days to 271 days: 6.00% (Ordinary Citizen) / 6.50% (Senior Citizen)
272 days to less than 1 year: 6.25% (Ordinary Citizens)/ 6.75% (Senior Citizens)
1 year to 15 months: 7.25% (General Citizen) / 7.75% (Senior Citizen)
Less than 15 months Less than 35 months: 7.50 per cent (Ordinary Citizen)/ 7.71 per cent (Senior Citizen)
Less than 35 months 1 day Less than 36 months: 7.50% (Ordinary Citizen) / 8.00% (Senior Citizen)
36 months to 120 months: 7.00% (Ordinary Citizen)/ 7.75% (Senior Citizen)

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Read This Also:- Explainer: Which FD is better to invest in fixed or floating rate? In which and why will you get more profit

Many banks have increased FD rates
RBI had increased the repo rate by 0.25 percent on February 8. After the increase in the repo rate, many government and private banks of the country have increased their FD rates. Many banks like SBI, ICICI Bank, HDFC Bank have increased interest on FDs in recent times.

Tags: Bank FD, bank interest rate, FD Rates, Fixed deposits, yes bank

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