YES Bank Domestic Term Deposits

The Yes Bank Domestic Term Deposits tenure ranges from min 7 Days to max 10 Year 2 Days . The ROI ranges from 3.25% to 6.75 % for the general public. The lock-in period for this scheme is 5 Year

Yes Bank Domestic Term Deposits Scheme for amount ranging from ₹ 1,000 to ₹ 2.0 Cr

The rate of interest for deposited amount ranging from ₹ 1,000 to ₹ 2.0 Cr is as below


Interest Rate for General Public (p.a.)

Interest Rates for Senior Citizens (p.a.)

7 Days Upto 14 Days

3.25% p.a.

3.75% p.a.

15 Days Upto 1 Months 15 Days

3.70% p.a.

4.20% p.a.

1 Months 16 Days Upto 3 Months

4.10% p.a.

4.60% p.a.

3 Months Upto 6 Months

4.75% p.a.

5.25% p.a.

6 Months Upto 9 Months 3 Days

5.50% p.a.

6.00% p.a.

9 Months 3 Days Upto 1 Year

5.75% p.a.

6.25% p.a.

1 Year Upto 1 Year 6 Months 2 Days

6.25% p.a.

6.75% p.a.

1 Year 6 Months 2 Days Upto 3 Year

6.75% p.a.

7.25% p.a.

3 Year Upto 10 Year 2 Days

6.75% p.a.

7.50% p.a.

Key features of Yes Bank Domestic Term Deposits Scheme

Summary of Yes Bank Domestic Term Deposits Scheme features :

Mutual Fund Schemes

Domestic Term Deposits



Lock-in Days

5 Year

Loan Against FD


Pre-mature Withdrawal


FD Nominee



7 Days to 10 Year 2 Days

General Public

3.25% to 6.75 %

Senior Citizen

3.75% to 7.50 %


Rs.1,000 to Rs.200,00000

*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.

Domestic Term Deposits Scheme - YES Bank

Headquartered in Mumbai, YES Bank is an Indian bank founded by Rana Kapoor and Ashok Kapoor in 2004. The bank renders various products for retail and corporate clients through retail banking and asset management services. On March 5, 2020, the RBI (Reserve Bank of India) took control of YES Bank to save it from collapsing, as the bank was under huge debt and had excessive bad loans. Currently, the bank operates under the supervision of the non-executive chairman Prashant Kumar and Sunil Mehta. Fortunately, the condition of the bank has improved much.

Among various other products and services offered, YES Bank Domestic Term Deposit Scheme is one of the most significant products offered. The product allows you to earn better interest amounts at lower risk factors.

What is a YES Bank Domestic Term Deposits?

YES Bank Domestic Term Deposits is a kind of term deposit that offers you assured returns and significant earnings. Moreover, the bank offers you the flexibility of maintaining your funds in accessible units, so you don’t have to break the entire deposit. Furthermore, your savings are completely secured.

YES Bank Domestic Term Deposit Scheme offers you a good interest rate on investment, rendering you a strong sense of security. The bank offers attractive interest rates ranging from 3.25% to 6.92% for regular citizens and 3.75% to 7.71% for senior citizens.

Domestic Term Deposits Interest Rates

The table below pertains to the Yes Bank Domestic Term Deposits interest rates for investments below ₹ 2 crores.

Period Rates for < 2 Crore w.e.f 10th August 2022
Regular Senior Citizen***
Interest Rates Annualised Yield^ Interest Rates Annualised Yield^
7 days to 14 days 3.25% 3.25% 3.75% 3.75%
15 days to 45 days 3.70% 3.70% 4.20% 4.20%
46 days to 90 days 4.10% 4.10% 4.60% 4.60%
3 months to < 6 months 4.75% 4.75% 5.25% 5.25%
6 months to < 9 months 5.50% 5.54% 6.00% 6.04%
9 months to < 1 year 5.75% 5.83% 6.25% 6.35%
1 Year to < 18 Months 6.25% 6.40% 6.75% 6.92%
18 Months to < 3 Years 6.75% 6.92% 7.25% 7.45%
3 Years to <= 10 years 6.75% 6.92% 7.50% 7.71%

Note: Interest rates are subject to change at the sole discretion of the Bank. ^Annualized yields published, compounded quarterly.

Eligibility Criteria

For opening a YES Bank Domestic Term Deposits Scheme account, you must meet the following criteria:

  • The applicant can be any of the following:
    • Resident Individual
    • A member of the Hindu Undivided Family (HUF)
    • Family Trusts
    • Partnership Firms, Companies, or Sole Proprietorships
    • Societies, Clubs, and Associations
  • The applicant must add a nominee.
  • The individual must pay a minimum amount of ₹ 10,000 to open a term deposit account at YES Bank.

Documents Required

You must provide the following documents to open a Domestic Term Deposits account with YES Bank:

  • Term Deposit Account opening form – Form 15 (g), Form 15 (h), or Sweep-in Form for SMART ACCESS
  • Identity proof, including any of the following IDs issued by the government:
    • PAN Card
    • Aadhaar Card
    • Passport
    • Senior Citizen ID Card
    • Government-issued ID Card
  • Address proof, including any of the following:
    • Aadhaar Card
    • Passport
    • Voter ID Card
    • Driving License
    • NREGA Job Card
  • In case of a member of Family Trusts, the applicants must produce a copy of the registration certificate, Trust Deed, and resolution of trustees permitting them to open and operate the account for the trust.
  • Partnership Firms, Companies, or Sole Proprietorships must provide Partnership Deed and a Letter from the partners allowing the applicant to open and operate the account in the company’s name.
  • Societies, Clubs, and Associations are required to furnish a copy of the by-laws of the Association or Club and a copy of the resolution authorising the account opening and operating.

You can also consider downloading and filling out the application form and other relevant documents/forms on the official website of YES Bank.

Features & Benefits

YES Bank term deposit is packed with various features that offer the following benefits to its users:

  • All resident individuals and non-individuals can apply for YES Bank domestic term deposit scheme
  • Protected from market volatility
  • Autorenewal facility
  • Overdraft facility
  • Interest rates increase with the higher deposit amounts and longer tenures
  • Flexible tenure ranging from 7 days to 10 years
  • For deposits with tenures less than one year, interest will be calculated based on the number of days (3 months = 91 days, 6 months = 181 days and 9 months = 272 days)
  • Special offer and higher interest rates for senior citizen depositors
  • The highest interest rates for deposits made over ₹ 2 crores
  • Provides better returns than savings accounts
  • Minimum deposit amount for opening an account is ₹ 10,000
  • Loan against term deposit is allowed
  • With attractive interest rates, you can stay ahead of inflation and grow your money over time.

How to Apply for Domestic Term Deposits Scheme?

You can apply for YES Bank Domestic Term Deposits Scheme either online or offline based on your convenience. We have described the steps for both the procedures below:

Online Procedure

This is one of the easiest and most convenient ways to open a term deposit account. Follow the steps below:

Step 1: Visit the official website of YES bank and log in using the User ID and Password.

Step 2: Navigate to the land-hand side of the page and tap on the ‘Open New Fixed Deposit’ option.

Note: A Term Deposit is also known as the Fixed Deposit.

Step 3: Furnish all the required info such as the deposit amount, source amount, tenure, name of the branch, and nomination.

Step 4: If you require ‘Sweep-in’, select ‘Yes, or ‘No’ in case you don’t.

Step 5: Tap on the ‘Open FD’ option.

Step 6: You will receive an OTP (One Time Password) on your registered mobile number. Enter it, and your account will be opened successfully.

Offline Procedure

You have to simply visit the nearest branch of YES Bank and ask for the application form for a term deposit account opening. Fill it up and submit it with all the required documents to the bank. Once the application and the documents are verified, your account will be opened successfully. You will get a receipt for your deposit from the bank.

Download the Domestic Term Deposits Application Form

Step 1: Visit the official portal of YES Bank.

Step 2: Click on the ‘Personal Banking’ tab and the ‘Deposits’ option.

Step 3: Select the ‘Fixed Deposit’ option from several other options available on the page.

Step 4: You will be automatically redirected to a new page with the Fixed Deposit application form.

Step 5: Click on the ‘Downloads’ icon at the bottom of the page.

Step 6: Choose the right form from the list available.

Step 7: Download the chosen application form.


What are domestic term deposits?

Domestic term deposit is a regular term/fixed deposit. It’s an investment wherein the investor invests a specified amount within a financial institution for a fixed tenure. Usually, such investments have fixed interest rates throughout the tenure, ranging from 1 month to 5 years.

Is it good to invest in YES Bank FD?

Investing in YES Bank FD could be beneficial in various ways. It is risk-free and assures a fixed return. Compared to other risk-free investment tools such as Government Bonds or Treasury Bills, YES Bank’s fixed deposit interest rates are higher. Moreover, you get an overdraft facility and some tax benefits on investment.

What taxes am I liable to pay if I have a domestic term deposit?

If the interest amount for the entire financial year surpasses ₹ 40,000, the PAN users must pay 10% tax. However, if you are a non-PAN user, you must pay 20% tax on the interest earned.

Can I break my Deposit before the maturity period?

If the customer withdraws the deposit prematurely, the interest rate prevailing at the date of deposit shall be payable for which deposit was with the bank. In the case of Domestic and NRO FDs, the customers won’t have to pay any interest if they withdraw the deposits prematurely within 7 days of the booking date.

Urban Money