Bank FD: Yes Bank has introduced 2 new FD tenures. In this, senior citizens are getting a maximum interest of up to 8.25 percent. Yes Bank offers a total of 5 special FDs. 2 new tenures have been introduced this month.
New Delhi. This is almost always a problem with investment options. Where the return is good, the security will be less and where there is safety, the profit will decrease. However, now with the increase in the repo rate by the RBI, many bank FDs are giving satisfactory results to the investors on both these fronts. Senior citizens are getting the maximum benefit of this especially. Now another bank has increased the interest rates of FD once again. Yes Bank is offering up to 8.25 percent interest to senior citizens.
The bank has introduced 2 tenures for fixed deposits. These new periods are of 25 and 35 months. Yes Bank has said that the general public will get 7.50 percent interest on 25-month FD. At the same time, senior citizens can get 8% return by investing in this FD. 7.75 percent interest will be given to common people and 8.25 percent interest to senior citizens on 35-month FD.
Other Special Tenure FD Rates
Yes Bank apart from these 2 tenures also offers 3 more special tenure FDs. For 15 months FD, the bank is giving interest at the rate of 7.25 per cent per annum to common citizens and 7.75 per cent per annum to senior citizens. Similarly, on FD of 30 months, the bank is giving 7.50 per cent return to common people and 8 per cent return to senior citizens. The bank also offers special FDs of 20-22 months, in which the normal rate is 7.25 per cent, while senior citizens get 7.75 per cent returns.
What are the other interest rates
Yes, the interest rates on FD with normal tenure are as follows. 3.25% on FDs of 7-14 days, 3.70% on FDs of 15-45 days, 4.10% on FDs of 46-90 days, 4.75% on FDs of 91-180 days and 6% on FDs ranging from 272 to less than 1 year. Get percent interest. After this, the bank gives up to 7% interest on FDs ranging from 1 year to 120 months (10 years). Meanwhile, there are many different tenures but the interest rate is the same for all. Explain that senior citizens get an additional 0.50 percent interest on FDs of every tenure. However, on FDs of the longest duration ranging from 36 months to 120 months, it becomes 0.75 percent more. That is, senior citizens get 7.75 percent interest on this FD.
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