In today’s fast-paced financial world, Yes Bank NRI Fixed Deposit Rates are an attractive investment option for Non-Resident Indians (NRIs) looking for secure and high-yield savings. Yes Bank offers multiple fixed deposit schemes tailored to NRIs, including NRE (Non-Resident External), NRO (Non-Resident Ordinary), and FCNR (Foreign Currency Non-Resident) deposits. These accounts provide competitive interest rates, tax benefits, and flexible tenure options, making them an excellent choice for NRIs seeking stable returns on their foreign income.
But how do these interest rates work? What are the benefits of investing in an NRI Fixed Deposit (FD) with Yes Bank? This comprehensive guide will cover everything you need to know, including the latest rates, key benefits, and a step-by-step process to open an NRI FD.
Yes Bank NRI Fixed Deposit Rates
| Feature | Details |
|---|---|
| Bank Name | Yes Bank |
| FD Types | NRE, NRO, FCNR |
| Highest Interest Rate | 7.75% (for NRE/NRO FDs) |
| Minimum Tenure | 7 days (for NRO FD) |
| Maximum Tenure | 10 years (for NRE/NRO) |
| Tax Benefits | NRE & FCNR deposits are tax-free in India |
| Eligibility | NRIs, PIOs, OCIs |
| Official Website | Yes Bank NRI FD |
Yes Bank’s NRI Fixed Deposit schemes offer high interest rates, repatriability, and tax benefits, making them an excellent investment choice for NRIs. Whether you choose NRE, NRO, or FCNR deposits, you can enjoy stable returns while securing your financial future in India.
Understanding Yes Bank NRI Fixed Deposits
NRIs have unique financial needs, and Yes Bank has tailored its FD options to meet those needs. Here’s a breakdown of the three main types of fixed deposits available to NRIs:
1. NRE Fixed Deposit (Non-Resident External FD)
- Designed for NRIs who want to deposit foreign earnings in India.
- Fully repatriable (both principal and interest can be transferred abroad).
- Tax-free in India.
- Interest rates up to 7.75% per annum.
2. NRO Fixed Deposit (Non-Resident Ordinary FD)
- Ideal for NRIs who have income sources in India, such as rental income, pension, or dividends.
- Interest is taxable in India.
- Principal can be repatriated up to a limit (as per RBI guidelines).
- Interest rates up to 7.75% per annum.
3. FCNR (Foreign Currency Non-Resident) Fixed Deposit
- Suitable for NRIs who wish to invest in foreign currency without exchange rate risk.
- Available in USD, GBP, EUR, JPY, CAD, AUD, HKD, SGD.
- Interest is tax-free in India.
- Fully repatriable.
- Interest rates up to 5.80% per annum (varies by currency and tenure).
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Yes Bank NRI Fixed Deposit Rates (Updated 2025)
NRE Fixed Deposit Rates
| Tenure | Interest Rate (% p.a.) |
|---|---|
| 1 year | 7.25% |
| 1 year 1 day to < 18 months | 7.50% |
| 18 months | 7.75% |
| 18 months < 24 months | 7.75% |
| 24 months to < 36 months | 7.25% |
| 36 months to < 60 months | 7.25% |
| 60 months to 10 years | 7.00% |
NRO Fixed Deposit Rates (Similar to NRE FD rates)
FCNR (B) Fixed Deposit Rates (USD Example)
| Tenure | USD Interest Rate (% p.a.) |
|---|---|
| 1 year – 2 years | 5.80% |
| 2 years – 3 years | 4.85% |
| 3 years – 4 years | 4.75% |
| 4 years – 5 years | 4.75% |
Rates vary for different currencies. Visit Yes Bank FCNR Rates for full details.
How to Open a Yes Bank NRI Fixed Deposit?
Opening an NRI Fixed Deposit at Yes Bank is simple and can be done from anywhere in the world. Follow these steps:
Step 1: Choose Your FD Type
- If you want tax-free interest and full repatriability, choose NRE FD.
- If you have Indian income sources and don’t mind taxes, choose NRO FD.
- If you prefer to hold foreign currency, opt for FCNR FD.
Step 2: Complete the Application
- Download the NRI FD form from Yes Bank’s website.
- Fill in your details including NRI status, type of FD, and tenure.
Step 3: Submit KYC Documents
- Passport copy
- Visa or OCI/PIO card
- Overseas address proof
- Indian PAN card (for NRO FD)
Step 4: Fund Your FD
- For NRE FD, transfer foreign currency via wire transfer or remit via an NRE account.
- For NRO FD, deposit funds from Indian income sources.
- For FCNR FD, transfer from an NRE account in foreign currency.
Step 5: Receive Confirmation
- You’ll receive an FD receipt and can track your deposit online via Yes Bank’s NetBanking or Mobile App.
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Yes Bank NRI Fixed Deposit Rates FAQs
1. Can I withdraw my NRI FD before maturity?
Yes, premature withdrawals are allowed but may incur a penalty.
2. Are NRE and FCNR deposits tax-free in India?
Yes, both NRE and FCNR FDs are exempt from Indian income tax.
3. How do I repatriate funds from my NRO FD?
You can repatriate up to $1 million per year after paying applicable taxes.
4. Can I renew my Yes Bank NRI FD automatically?
Yes, you can set up auto-renewal during account opening.
5. What is the minimum deposit amount?
It varies but usually starts from ₹10,000 for INR FDs and $1,000 for FCNR FDs.
