Yes Bank is still pretty competitive.
Wait let me check with someone I know there.
Okay, even before calling him; I checked. https://www.yesbank.in/personal-banking/yes-individual/deposits/fixed-deposit
To senior citizen clients, YB is offering 18-19 basis point more (reinvestment/ compounding) yield, for 3-10 year deposits.
For the time being, I am ignoring the offerings from various small finance banks and picked only national players.
<a href=“https://www.yesbank.in/personal-banking/yes-ind...#” id=“sl-tabs-e41a6bd2-9a51-4c38-ae96-c81a574c5e3aaccordion0” data-sl-tabs=“{” index":="" 0}"="" aria-label=“FIXED DEPOSIT INTEREST RATES”>FIXED DEPOSIT INTEREST RATES
Fixed Deposit Interest Rates-
RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a) | ||||
Period |
Rates for < 2 Crore w.e.f 4th January 2022 |
|||
Regular |
Senior Citizen |
|||
Interest Rates |
Annualised Yield^ |
Interest Rates |
Annualised Yield^ |
|
7 to 14 days |
3.25% |
3.25% |
3.75% |
3.75% |
15 to 45 days |
3.50% |
3.50% |
4.00% |
4.00% |
46 to 90 days |
4.00% |
4.00% |
4.50% |
4.50% |
3 months to < 6 months |
4.50% |
4.50% |
5.00% |
5.00% |
6 months to < 9 months |
4.75% |
4.78% |
5.25% |
5.28% |
9 months to < 1 year |
5.00% |
5.06% |
5.50% |
5.58% |
1 Year < 18 months |
5.75% |
5.88% |
6.25% |
6.40% |
18 Months to < 3 years |
6.00% |
6.14% |
6.50% |
6.66% |
3 Years to <= 10 years |
6.25% |
6.40% |
7.00% |
7.19% |
Interest rates are subject to change at the sole discretion of the Bank.
**Senior Citizen rates are applicable only for Domestic Deposits
^Annualized yields published, compounded quarterly.