Yes Bank Saving Account Interest Rate : Yes Bank has recently changed the interest rates of its savings account. After the change, the bank will now offer an interest rate of 6.25% on savings accounts. According to the bank’s official website, this change in interest rates is effective from September 17 this month. YES BANK on its website mentions that “The interest rate of the Savings Account is calculated on a daily basis i.e. the closing balance in the account maintained in the type of Savings Bank Account at the rate specified by YES BANK as per RBI instructions. Has been.”
Yes Bank’s new interest rate
After changing the interest rates from the savings account by Yes Bank, if we look at the latest rate, now the bank will offer an interest rate of 4.00% on the daily savings account balance up to Rs 1,00,000 lakh and from 1,00,000 lakh to 5,00,000 lakh. Guaranteed interest rate of 4.25% on daily savings account balance between Rs. Yes Bank will give you an interest rate of 5.00% if you have an amount between Rs 5,00,000 to Rs 10,00,000 in your bank account. On the other hand, the bank is guaranteeing an interest rate of 5.50% if the amount in your savings account is between Rs 10,00,000 and Rs 25,00,000. Along with this, an interest of 6.00% will be available on the amount between Rs 25,00,000 to 1 crore and an interest rate of 6.25% will be available on the daily balance between Rs 1 crore and 10 crore while the daily balance between 10 crore and 25 crore The amount will get 6.00% interest rate.
According to the official website of Yes Bank, the bank pays the interest rate on the savings account every 3 months. That is, the interest you get on your savings account will be received every year on 31 March, 30 June, 30 September and 31 December after a gap of 3 months. YES BANK offers multiple savings account options with competitive interest rates. The bank offers different types of savings accounts, including customizable savings account, savings value, Smart Pay Platinum, Smart Pay Special and Smart Pay Benefits.