Organization : YES Bank Ltd
Facility :Apply For Fixed Deposits
Home Page : http://www.yesbank.in/branch-banking/personal/fixed-deposits.html
Apply here : https://www.yesbank.in/
Apply For Fixed Deposits :
A steady source of income is imperative at all points in your life. At YES BANK, we understand this need for security. Our secure Fixed Deposits provide you greater earnings with the flexibility of maintaining your funds in accessible units; therefore, you do not need to break the entire deposit.
Related : YES Bank Open Saving Account : www.statusin.in/5173.html
Enjoy this privilege in different ways as YES BANK offers you a range of Fixed Deposit schemes that give you a good rate of interest, thereby providing you with a strong sense of security.
Features of YES Fixed Deposits :
** Wide range of tenures ranging from seven days to 10 years
** Best-in-class interest rates
** Senior citizens get an extra benefit on the interest rate (0.50% extra)
** Earn compounded interest by reinvesting the principal and interest*
** No penalty on premature withdrawal
** Withdraw your deposit in units as low as Re 1/-
** Easy funds withdrawal through our sweep-in facility
** Avail of overdrafts against your deposits at competitive rates, thus giving you complete funds liquidity
** Auto Renewal, ensuring that your Fixed Deposit will be rolled over for the existing period of the deposit, even if you forget to give instructions
** Tax Saver Deposits – Five years tax-free Fixed Deposit (Interest Rates same as Regular Fixed Deposits)
Important Points :
** Interest on deposits is payable either quarterly or compounded quarterly (i.e., re-investment of interest) or monthly at a discounted value at the option of the depositor
** For deposits with tenure of below 6 months 1 day, the interest is calculated at maturity as Simple Interest*
** As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% (as against 10% which is the existing TDS rate) in case of Domestic deposits and 30.90% in case of NRO deposits
** In the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable
** Customer can submit form 15G/H to avail benefit of TDS exemption. In case the amount in 15G/H exceeds the applicable minimum tax exemption limit, the form would not be valid
Note :
** For reference purpose interest rate slabs considered are 3 months = 91 days; 6 months = 181 days; 9 months =272 days
** Actual number of days will be calculated at the time of booking
** For less than 1 year deposit, please mention tenure in days
** Reinvestment is available for minimum tenure of 6 months 1 day (actual number of days in the month)