YES Bank NRE FD Rates: YES Bank NRI FD Interest Rates 2022

YES Bank is one of the largest private-sector banks in India with very lucrative NRI Fixed Deposit Schemes. NRI and OCI customers can avail various NRI banking products, such as Yes Bank NRE savings account and fixed deposits including NRE, NRO, FCNR and RFC fixed deposits. Recently Yes Bank NRE FD rates have been raised significantly up to 7.25%.

In this Article:

YES Bank NRE FD Rates: YES Bank NRI FD Interest Rates 2021
YES Bank NRE FD Rates: YES Bank NRI FD Interest Rates 2021

YES Bank NRE FD Interest Rates

Listed below are Yes Bank NRE FD rates effective from 1 August 2022 for deposits less than Rs. 2 crore.

TenureBelow Rs. 2 croresAnnualised Yield
1 year to < 18 months7.01%*7.20%
18 months to 10 years7.25%*7.45%
YES Bank NRE FD Interest Rates

YES Bank NRO FD Interest Rates

TenureBelow Rs. 2 crores
7-14 days3.25%*
15-45 days3.50%*
46-90 days4.00%*
91-180 days4.50%*
181-271 days4.75%*
272 days to < 1 year5.00%*
1 year < 18 months6.00%*
18 months to 10 years6.50%*
YES Bank NRO FD Interest Rates Effective from August 2022

YES Bank FCNR Deposit Interest Rates

Yes Bank offers one of the highest FCNR rates on deposits made in US dollar. Listed below are Yes Bank FCNR rates effective from 1 August 2022:

TenureUSDGBPEuro JPYCADAUDSGDHKD
1 yr < 2 yrs4.05%*2.85%*0.55%*0.40%*2.90%*3.30%*2.60%*2.20%*
2 yrs < 3 yrs3.95%*2.85%*0.85%*0.65%*3.00%*3.45%*2.75%*1.35%*
3 yrs < 4 yrs3.75%*2.30%*1.00%*0.80%*3.00%*3.50%*1.25%*1.35%*
4 yrs < 5 yrs3.65%*1.85%*0.10%*0.05%*3.00%*3.50%*1.25%*1.35%*
5 yrs3.25%*1.85%*0.10%*0.45%*3.00%*3.60%*1.25%*1.35%*
YES Bank FCNR Deposit Interest Rates

YES Bank RFC Deposit Interest Rates (for Returning NRIs)

TenureUSDGBPEuro JPYCADAUD
>= 1 yr to < 2 yrs4.05%*2.85%*0.55%*0.40%*2.90%*3.30%*
>= 2 yrs to < 3 yrs3.95%*2.85%*0.85%*0.65%*3.00%*3.45%*
3 yrs to 4 yrs3.75%*2.30%*1.00%*0.80%*3.00%*3.50%*
YES Bank RFC Deposit Interest Rates for Returning NRIs

Note: All the interest rates mentioned above are subject to change without prior notice. We update the latest interest rates on NRE FD and Savings Bank Account as well as the interest rates for FCNR Deposit every month with the banks on our blog. You can head there to check out the latest rates. (The above tables were updated on 04/08/2022)

Some Important Points:

  • No interest is payable if FCNR, NRE FD and RFC FD is withdrawn before completion of 12 months.
  • Rates are subject to change without prior notice
  • Sweep-in facility will not be provided on NRE Fixed Deposit with Quarterly Interest Payout and Monthly Interest Payout mode
  • If the Customer prematurely withdraws the deposit, the interest rate prevailing at the date of deposit, for the period for which deposit was with the Bank shall be payable

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YES Bank NRI Fixed Deposits: Features and Benefits

Factors to considerNon Resident External (NRE) Fixed DepositNon Resident Ordinary (NRO) Fixed DepositForeign Currency Non Resident (FCNR) Deposit
PurposeFor income earned outside IndiaFor income earned from India (pension, rent etc.) Foreign Currency Investment in India
CurrencyINRINRUSD, GBP, EUR, JPY, CAD, AUD, SGD & HKD
Tenure of Deposits1 year to 10 years7 days to 10 years1 year to 5 years
InterestUp to 7.25%*Up to 6.50%*Up to 4.05%*
Repatriation(transfer of money from Indian bank account to foreign bank account) Both Principal (money invested initially) and Interest completely repatriableUp to a maximum of 1 million USD per financial yearBoth Principal and Interest completely repatriable
Tax DeductionsNo taxTax on Interest earned (not on principal amount): 30% tax + surcharge + education cess will be deducted at the source of interest earned in IndiaNo tax
YES Bank NRI FD Overview

YES Bank NRE FD Calculator

Calculate your returns on FD and much more with an expert. At SBNRI, you get direct access to field experts who will take care of your individual process personally and assist you throughout the way. Just click on the button below to get in touch with our expert now. Also, visit our blog and Youtube Channel for more details.

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FAQs

Is FD safe in YES Bank?

Account holders should know that deposits with Yes Bank are insured for up to Rs. 5 lakh by the DICGC. DICGC insures all deposits such as savings, fixed, current, recurring, etc.

Is NRI FD a good investment?

Unlike other investment options, NRI Fixed Deposit offers guaranteed returns that are not affected by market fluctuations. As a result, you earn guaranteed returns, even as your principal amount grows steadily, without risk. For NRIs seeking smart investment avenues, NRI FD is the best option.

Is NRE FD Taxable?

No. The interest that you earn on your NRE FD is not taxable in India.

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