look news india
FD Rates: Yes Bank has made a big cut in FD rates. The bank has reduced interest rates on FDs of less than Rs 3 crore by 25 basis points. The revised FD rates have come into effect from November 5, 2024.
After the revision in interest rates on FD, the bank is now offering interest ranging from 3.25 percent to 7.75 percent. Senior citizens are being given interest ranging from 3.75 percent to 8.25 percent. The highest interest rate of 7.75 percent is being given to ordinary citizens on FD of 18 months. Senior citizens are being given 8.25 percent interest for this period.
Earlier the bank used to give higher interest for a period of 18 months. The interest paid for the same period has been reduced by 25 basis points. Earlier, those making FD for this period used to get 8 percent interest, which has now been reduced by 25 basis points to 7.75 percent.
If you also want to get FD in Yes Bank, then you will have to invest at least Rs 10,000. Also, the minimum tenure of FD for reinvestment is 6 months and 1 day. Therefore, if you are thinking of getting FD in Yes Bank, then keep these things in mind.