GulfHindi English Desk: Yes Bank has made changes in the interest rates on fixed deposits (FDs) of less than 2 crore. According to the bank’s official website, the new interest rates will be effective from July 3, 2023.
The bank is offering interest rates ranging from 3.25% to 7.75% on FDs with tenures ranging from 7 days to 10 years.
For FDs maturing in 7 to 14 days, the bank is offering an interest rate of 3.25%, while for FDs maturing in 15 to 45 days, the interest rate is 3.70%. FDs with a tenure of 46 to 90 days will earn an interest rate of 4.10%, and for FDs with a tenure of 91 to 180 days, the interest rate is 4.75%.
For FDs maturing between 181 and 271 days, the bank is offering an interest rate of 6.1%. FDs maturing between 272 days and 1 year will earn an interest rate of 6.35%.
The bank is also offering interest rates of 7.50%, 7.75%, and 7% on FDs with tenures of 1 year to 18 months, 18 months to 36 months, and 36 months to 120 months, respectively. Senior citizens are being offered additional interest rates.
These new interest rates are aimed at providing better returns to Yes Bank customers and attracting more deposits.
en.gulfhindi.com News Summary
👉Yes Bank has made changes in the interest rates on fixed deposits of less than 2 crores.
👉The new interest rates will be effective from July 3, 2023, according to the bank’s official website.
👉The bank is offering interest rates ranging from 3.25% to 7.75% on fixed deposits with tenures ranging from 7 days to 10 years.
👉The interest rates vary depending on the tenure of the fixed deposit.
👉Customers can earn interest rates of 3.25% on deposits matured in 7 to 14 days, 3.70% on deposits matured in 15 to 45 days, 4.10% on deposits matured in 46 to 90 days, and 4.75% on deposits matured in 91 to 180 days.
👉For deposits matured between 181 and 271 days, the bank is offering an interest rate of 6.1%, and for deposits matured between 272 days and 1 year, the interest rate is 6.35%.
👉The bank is offering interest rates of 7.50% on deposits matured in 1 year to 18 months, 7.75% on deposits matured in 18 months to 36 months, and 7% on deposits matured in 36 to 120 months.
👉Senior citizens are being offered additional interest rates.
👉These changes in interest rates apply to fixed deposits of less than 2 crores.
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