Post the RBI’s interest rate hike many banks have revised their interest rates on fixed deposits and savings.
Yes Bank has revised its retail term deposit rates with effect from 18th June 2022. The bank has made changes in fixed deposit rates which are less than Rs. 2 Crore value. Post this rate revision, the bank’s FD interest rates stand between 3.25%-6.50% for regular customer & 3.75%-7.25% for senior citizen customers for various time period.
Now for 1 year tenure Yes Bank offers 6.00% interest rate and above 18 months the bank offers 6.5% interest rate. Those who are looking for longer tenure, 6.5% is offered up till 10 years.
Bank maintains its focus on senior citizens by offering them additional 0.50% interest rate until 3 years and 0.75% interest rate above 3 years till 10 years. Senior citizens get the maximum benefit now for long term fixed deposits.
FD interest rates on key tenures are placed below :
Rate revision is most prefered by customers and there is too much volatility in the stock market.
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