7.75% interest is available for 18 months on FD, isn’t that a great deal, do you know which bank offers this option?

New Delhi. Many banks, from government to private, are currently posting record yields on FD rates. Investors are currently getting more interest on fixed-term deposits due to steadily rising interest rates. Some banks have even introduced special FD programs for their customers. Private sector lender Yes Bank recently changed rates on fixed deposits below 2 crore. According to Yes Bank’s official website, the new FD rates are effective today, May 2, 2023.

Following the revision, the bank now offers interest rates on deposits with maturities of 7 days to 10 years, ranging from 3.25% to 7.00% for the general public and 3.75% to 7.75% for seniors. In addition, the bank now offers a maximum interest rate of 7.75% for the general public and 8.25% for seniors on deposits from 18 months to 36 months.

Also read this: All facilities are available in the post office, not in the bank, from check book, savings book to ATM

Yes bank FD interest rates
The bank is now offering a 3.25% interest rate on 7 to 14 day fixed term deposits, while the bank is offering a 3.70% interest rate on domestic fixed term deposits with 15 to 45 day maturities. The interest rates offered by Yes Bank are 4.10% for deposits for 46 days to 90 days and 4.75% for deposits for 91 days to 180 days.

Deposits with maturity between 181 and 271 days now earn 6.00% interest, while deposits with maturity between 272 and 1 year now earn interest at 6.25%. Yes Bank pays an interest rate of 7.50% on FDs with a term of 1 year to 18 months and 7.75% on FDs with a term of 18 months to 36 months. The interest rate for time deposits between 36 and 120 months is 7.00%.

Also read: Wealth knowledge: When do daughters not get a share of the father’s fortune? What does the law of India say

Seniors benefit twice
With Yes Respect term deposits, seniors receive an additional interest rate of 0.50% over regular rates for terms from 7 days to less than 3 years. With the Yes Respect Plus fixed-term deposit, on the other hand, seniors receive an additional interest rate of 0.75% above the regular interest rate for terms of 3 to 10 years.

Be the first to read breaking news in Hindi News18 Hindi| Read Today’s Latest News, Live News Updates, Most Reliable Hindi News Website News18 Hindi.

Tags: Bank FD, Business news in hindi, FD prices, Here you can get good interest rates on FD, yes bench