YES Bank Revises FD and Savings Account Interest Rates from April 21, 2025

YES Bank has revised its fixed deposit (FD) interest rates starting April 21, 2025. The bank has reduced its highest FD rate by 25 basis points (bps)—from 7.75% to 7.50%—for deposits below ₹3 crore. This is the second rate cut in recent weeks, following the RBI’s 25-bps cut in repo rate to 6%. The change is part of the bank’s effort to balance deposit costs.

However, while some FD rates were cut, YES Bank increased interest rates for some medium and long-term tenures. For example, FDs of 12 months to less than 36 months now offer 7.50%, up from 7.25%. For senior citizens, the same slab offers 8.00%.

At 1.33 PM, Yes Bank share price was up 0.21% and was trading at ₹18.86.

Revised FD Rates for Regular Customers

Here are the updated FD rates for deposits below ₹3 crore:

Senior Citizens Benefit from Higher Interest Rates

Senior citizens continue to get up to 0.75% more on applicable FD tenures. The highest rate for seniors is now 8.25%, available for deposits between 3 to 5 years.

Savings Account Rates Also Reduced

YES Bank has also reduced savings account interest rates:

• Up to ₹10 lakh: 3%

• ₹10 lakh to ₹25 lakh: 3.5%

• ₹25 lakh to ₹50 lakh: 4%

• ₹50 lakh to below ₹100 crore: 5%

Interest will be calculated on incremental balances in each slab. For balances above ₹100 crore, customers must contact the bank directly.

Conclusion

YES Bank’s latest interest rate changes reflect broader market trends after the RBI rate cut. While short-term FDs see lower returns, medium and long-term investors benefit from higher rates, especially senior citizens. Savings account holders, however, will earn slightly less than before.

Read more on: Yes Bank Share Price Jumps Nearly 5% After Q4 Result: Check Key Details Here!

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