Everyone dreams of investing money that is safe with better returns. If you are looking for an investment avenue that is practically risk-free and guarantees profits, then YES Bank’s Fixed Deposit (FD) could just be the ideal choice for you.
YES Bank also maintains competitive interest rates on FDs, ensuring your money continues to compound into savings. Whether short-term gains or long-term wealth creation is your goal, YES Bank FD schemes offer attractive returns and customizable tenors.
We will go into further detail on how YES Bank FD can earn you up to ₹35,000 in profit with negligible risks.
YES Bank FD Interest Rates – Higher Returns for All
YES Bank allows you to choose your FD tenure from a minimum of 7 days up to 10 years, carrying an interest rate from 3.5% to 7.75% applicable to residents in general. In this case, senior citizens get an extra return of half a percent.
Here’s a quick look at the current interest rates:
| Tenure | General Citizens | Senior Citizens |
|---|---|---|
| 7 days – 1 year | 3.5% – 7.75% | 4% – 8.25% |
| 1 year – 10 years | 3.5% – 7.75% | 4% – 8.25% |
How Much Can You Earn with a 12-Month FD?
If you invest in a 12-month FD, YES Bank offers an impressive 7.75% interest for general citizens and 8.25% for senior citizens.
Let’s break it down with an example:
For General Citizens:
- Investment: ₹4,00,000
- Interest Rate: 7.75%
- Maturity Amount: ₹4,31,913
- Profit Earned: ₹31,913
For Senior Citizens:
- Investment: ₹4,00,000
- Interest Rate: 8.25%
- Maturity Amount: ₹4,34,035
- Profit Earned: ₹34,035
That’s over ₹30,000 profit in just one year—without any market risks!
Real Example: How YES Bank FD Grows Your Money
Imagine investing ₹4 lakh in a 12-month FD with YES Bank:
- Investment: ₹4,00,000
- Interest Earned: ₹31,913 (General) / ₹34,035 (Senior)
- Total Maturity Amount: ₹4,31,913 / ₹4,34,035
This means you can earn over ₹30,000 in just one year—without worrying about market fluctuations.
What Makes YES Bank FDs the Smart Choice?
Still contemplating whether YES Bank FD is the right answer for you? Here is what makes it different:
- High Interest Rates – One of the best FD interest rates in the market, especially for deposits lasting for 12 months.
- Safe and Secure – Your money will rest safe in a bank with creditable standing, ensuring zero risk to your principal.
- Additional Specified Benefits for Senior Citizens – Senior citizens get 0.50% higher rates of interest, which is a step to help them earn more from their savings.
- Low Minimum Investment – An investor can start with an investment of just ₹1000.
- Flexible Tenor – One can choose between 7 days to 10 years, based on his/her financial goal.