YES Bank has revised its fixed deposit (FD) interest rates effective April 21, 2025. The bank has cut its highest offered FD rate by 25 basis points—from 7.75% to 7.50%—for deposits below ₹3 crore.
This marks the second downward revision in recent weeks, following the Reserve Bank of India’s 25-bps repo rate cut to 6%.
YES Bank’s new move follows a trend among banks looking to rebalance their deposit costs.
However, the bank has simultaneously raised rates by 25 bps on certain medium and long-term tenures. For instance, the 12 months to less than 36 months tenure now earns 7.50%, up from 7.25%. The same slab offers 8.00% to senior citizens.Here’s a look at key revised FD rates for regular customers:
- 7 days to 14 days: 3.25%
- 46 to 90 days: 5.00%
- 181 to 271 days: 6.25%
- 272 days to < 12 months: 6.50%
- 12 months: 7.00%
- 12 months 1 day to < 36 months: 7.50%
- 3 to 5 years: 7.50%
- 5 years 1 day to 10 years: 7.00%
Senior citizens continue to get a higher interest rate—up to 0.75% more—on applicable tenures, with the maximum rate now at 8.25% for tenures between 3 to 5 years.
The lender has also reduced interest rates on its savings accounts.
Balances up to ₹10 lakh will now earn 3% per annum. Deposits between ₹10 lakh and ₹25 lakh will fetch 3.5%.
Accounts holding between ₹25 lakh and ₹50 lakh will earn 4%, while those above ₹50 lakh and below ₹100 crore will earn 5%.
The bank will continue to apply interest on incremental balances across slabs. For balances above ₹100 crore, customers need to contact the bank directly, the lender mentioned on its website.