Yes Bank Recurring Deposit

Yes Bank Recurring Deposit

The Recurring Deposit (RD) account at YES Bank has interest rates ranging from 6.50 percent to 7.00 percent per year. Senior citizens receive an extra 0.50 percent interest rate.

The YES BANK Recurring Deposit schemes have been specifically developed to assist you in saving and being prepared for unexpected situations in the future. A Recurring Deposit allows a depositor to make a fixed monthly deposit (in his or her RD account) and earn interest at a rate close to that of a Fixed Deposit.

Customers of YES BANK benefit from highly flexible Recurring Deposit options with attractive interest rates for spending a much smaller sum per month. They are also eligible for other benefits such as TDS-free interest, a reasonable minimum tenure, and no monthly installment limit.

YES Bank Recurring Deposit Rates – Special Features

Regular Recurring Deposit

• The minimum monthly installment is Rs. 1000, with subsequent payments in multiples of 100.
• The cumulative monthly installment number has no upper limit.
• The length of service varies from a minimum of 6 months to a maximum of 10 years (in 3-month increments).
• According to existing income tax laws, interest paid on your Recurring Deposit is not subject to TDS (Tax Deductible at Source) deductions.
• The interest rates are comparable to those of Fixed Deposits.
  By setting up a one-time standing instruction from your YES BANK Savings Account, you can easily pay the monthly installments (for RD).

NRE Recurring Deposit

• Interest rates are comparable to those paid on NRE Fixed Deposits.
• The minimum deposit term is 12 months (and then in three-month increments thereafter), with a maximum term of 10 years.
• The minimum monthly installment is Rs. 1000, with subsequent payments in multiples of 100.
• If an NRE Recurring Deposit is withdrawn before the minimum term of 12 months, no interest is paid.
• NRE RD interest rates are subject to change over time (contact the bank for more details)
• According to existing income tax law, the interest received on your NRE RD is not subject to TDS (Tax Deductible at Source) deductions.

YES Bank Recurring Deposit Schemes Types

YES BANK offers two types of Recurring Deposit schemes. They are –

• • Regular Recurring Deposit
  • NRE Recurring Deposit

YES Bank Recurring Deposit Account

It is important to plan for your future by investing your earnings in a safe manner. As a result, the YES BANK Recurring Deposit is planned to assist you in planning for the future. It allows you to make a financial plan by saving a certain sum per month for a set period of time. You are paid the lump sum, including the principal and interest, at the end of a pre-determined period.

A recurring deposit (RD) account is a form of term deposit in which a set sum of money is deposited in the account each month for a set period of time. This money receives quarterly compounded interest and can be withdrawn at the end of the specified term. The interest rate has decreased.

YES Bank RD Deposit Interest Rates

The interest rate provided by banks on RDs is determined by factors such as your category and the term you select. As opposed to regular citizens, most banks give senior citizens a higher rate of interest. Banks provide a range of Recurring Deposit schemes to you. Special schemes are available in addition to the standard schemes to assist you in achieving your objectives. Banks’ Recurring Deposit interest rates vary from 5.50 percent to 7.75 percent p.a. (1 year to 5 years and above) for the general public. Banks give senior citizens a higher rate of interest when they open a Recurring Deposit account.

Yes Bank Recurring Deposit Interest Rates 2021

Customers can open a revolving deposit account with Yes Bank. The account can be opened for a period of time ranging from six months to ten years. The rates of return on deposits provided by banks to general customers vary from 5.50 percent to.75 percent per year. Customers over the age of 60 (senior citizens) are eligible for additional interest rates ranging from 0.50 percent to 0.75 percent per annum on Recurring Deposit tenures.

Yes Bank RD Rates of up to Rs.1.99 crore