YES Bank RD Interest Rates 2026
Save a fixed amount every month with a YES Bank recurring deposit. RD rates go up to 7.00% for regular customers and 7.75% for senior citizens, with instalments from Rs 1,000/month. Private-sector bank; SBI and other lenders invested under the 2020 reconstruction scheme.
Rates effective 30 Aug 2025 · Checked 27 September 2026YES Bank recurring deposit at a glance
Have a lump sum instead? YES Bank FD rates go up to 7.25% →
YES Bank RD interest rates
| Tenure | General (p.a.) | Senior citizen (p.a.) |
|---|---|---|
| 6 months | 6.00% | 6.50% |
| 9 months | 6.25% | 6.75% |
| 12 months | 6.65% | 7.15% |
| 15 – 18 months | 6.75% | 7.25% |
| 21 – 33 months | 7.00% | 7.50% |
| 36 – 59 months | 7.00% | 7.75% |
| 60 months+ | 6.75% | 7.50% |
Source: www.policybazaar.com. Confirm with the bank before opening.
What your monthly savings will become
| Tenure | Rate (general / senior) | ₹2,000 / month | ₹5,000 / month | ₹10,000 / month |
|---|---|---|---|---|
| 1 year | 6.65% / 7.15% | ₹24,877 | ₹62,193 | ₹1,24,387 |
| 2 years | 7.00% / 7.50% | ₹51,640 | ₹1,29,099 | ₹2,58,198 |
| 3 years | 7.00% / 7.75% | ₹80,275 | ₹2,00,686 | ₹4,01,373 |
| 5 years | 6.75% / 7.50% | ₹1,42,920 | ₹3,57,300 | ₹7,14,600 |
General rate, quarterly compounding, before tax. “—” = no published slab for that exact tenure.
YES Bank RD calculator
Rules & charges
| Feature | Details |
|---|---|
| Minimum instalment | Rs 1,000/month |
| Tenure | 6 months - 10 years (multiples of 3 months) |
| Missed / late instalment | 1% charged for missed instalments |
| Premature closure | Allowed; charges may apply (none on Flexigain RD) |
| Loan against RD | Usually available up to 80%–90% of the balance |
| Nomination | Up to 4 nominees (from 1 Nov 2025) |
| Deposit insurance | DICGC up to ₹5 lakh per depositor (with other deposits at YES Bank) |
Tax on YES Bank RD
| Point | Rule |
|---|---|
| Taxability | Interest taxed at slab rate every year |
| TDS | 10% once FD + RD interest from YES Bank exceeds ₹50,000 a year (₹1 lakh for 60+); 20% without PAN |
| Avoid TDS | Submit Form 121 (earlier 15G/15H) if your tax is nil |
| Deduction | No 80C; seniors can claim up to ₹50,000 under 80TTB (old regime) |
How to open a YES Bank RD
- OnlineNet banking or mobile app → Deposits → Open Recurring Deposit. Choose instalment, tenure, debit date and nominee.
- BranchFill the RD form with KYC and give a standing instruction from your savings account.
- Set auto-debitSchedule the debit a day after salary credit to avoid missed instalments.
Documents
- PAN or Form 60
- Aadhaar / other address proof
- Age proof for senior citizen rate
Compare YES Bank with other banks
| Bank | Highest | 1 year | 5 years | Min. instalment |
|---|---|---|---|---|
| Bandhan Bank | 7.25% | 7.00% | 5.85% | Rs 100/month, multiples of Rs 1 |
| YES Bank | 7.00% | 6.65% | 6.75% | Rs 1,000/month |
| IndusInd Bank | 7.00% | 6.75% | 6.65% | ₹1,000 |
| Tamilnad Mercantile Bank | 7.00% | 6.80% | 6.70% | — |
| Dhanlaxmi Bank | 7.00% | 6.25% | 6.50% | Rs 1,000/month, multiples of Rs 500 |
| Saraswat Co-operative Bank | 7.00% | 6.60% | 7.00% | ₹500 |
| South Indian Bank | 6.80% | 6.25% | 5.70% | ₹100 |
| Federal Bank | 6.75% | 6.25% | 6.40% | Rs 50/month, multiples of Rs 10 |
Frequently asked questions
What is the highest RD interest rate at YES Bank?
YES Bank pays up to 7.00% on RDs (21 – 33 months) and up to 7.75% to senior citizens (rates effective 30 Aug 2025).
How much will ₹5,000 a month grow to in a YES Bank RD?
In 5 years at 6.75%, ₹3 lakh of instalments grow to about ₹3,57,300.
What is the minimum RD instalment at YES Bank?
The minimum monthly instalment is Rs 1,000/month. Tenure: 6 months - 10 years (multiples of 3 months).
What if I miss an instalment?
YES Bank: 1% charged for missed instalments.
Can I close a YES Bank RD early?
YES Bank: Allowed; charges may apply (none on Flexigain RD).
Is RD interest taxable?
Yes, at your slab rate. TDS of 10% applies when your total FD + RD interest from YES Bank exceeds ₹50,000 in a year (₹1 lakh for seniors).
Is my RD safe with YES Bank?
RDs are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.
Rates compiled from the bank’s published RD / term-deposit rates for comparison only. FinancePortal is not affiliated with YES Bank. Confirm current rates with the bank.