Yes Bank hikes fixed deposit (FD) rates. How they compare with SBI, HDFC Bank, ICICI Bank

Yes Bank, a private lender, has increased the fixed deposit interest rate on chosen tenor deposits under Rs 2 crore. According to the Yes Bank website, the bank now offers interest rates ranging from 3.25% to 7.75% to general residents and 3.75% to 8.25% to senior citizens on FDs due in seven days to 10 years. The new FD rates went into effect on November 21, 2023. Yes Bank will now pay 7.25% on one-year FDs, 7.50% on one-year to less than 18-month deposits, and 7.75% on deposits expiring in 18 months to 24 months.

Yes Bank latest FD rates

7 days to 14 days- 3.25%

15 days to 45 days 3.70%

46 days to 90 days 4.10%

91 days to 120 days 4.75%

121 days to 180 days 5.00%

181 days to 271 days 6.10%

272 days to < 1 year 6.35%

1 year 7.25%

1 year 1 day to < 18 months 7.50%

18 month < 24 months 7.75%

24 months to < 36 months 7.25%

36 months to < 60 months 7.25%

60 months 7.25%

60 months 1 day to <= 120 months 7%

ICICI Bank latest FD rates

ICICI Bank offers general consumers interest rates ranging from 3% to 7.1% on FDs maturing in seven days to 10 years, and senior citizens interest rates ranging from 3.5% to 7.65%. These tariffs will be in effect from October 16, 2023.

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HDFC Bank latest FD rates

Following the most recent modification, the bank now offers regular clients interest rates ranging from 3% to 7.20% on deposits maturing in 7 days to 10 years. These deposits will earn senior folks 3.5% to 7.75% in interest. These rates will be in effect beginning October 1, 2023.

SBI latest FD rates

SBI FDs with terms ranging from 7 days to 10 years will pay out 3% to 7.1% to regular customers. Senior citizens will receive an additional 50 basis points (bps) on these deposits. These tariffs will be in effect on February 15, 2023.