Cash deposit limit

Merchant Easy Account: Free cash deposit up to 12 times the average monthly balance (AMB) of the previous month, but up to a maximum of Rs 1.5 crore.

Merchant Prime Account: Free cash deposit up to 15 times the AMB of the previous month, up to a maximum of Rs 5 crore.

Rs 4 per 1,000 charge for cash deposits above the limit (minimum Rs 50 per transaction).

2 per cent charge on amount above Rs 10,000 for depositing notes of Rs 50 and below.

Coin deposit limit is Rs 1,000 per month. Thereafter, 5 per cent charge.

Minimum balance and non-maintenance charges

• Merchant Easy: Must maintain an average monthly balance of Rs 25,000.
• Merchant Prime: Must maintain an average monthly balance of Rs 50,000.
• Penalty of Rs 250 on shortfall and Rs 500 if the balance is less than half.

Payment and transaction services

• RTGS, NEFT and fund transfer within YES Bank are completely free.
• IMPS: First 5 transactions of the month are free, thereafter Rs 2.5 to Rs 15 are charged depending upon the amount.
• Chequebook: Free upto 100 pages, thereafter Rs 2 per page.
• Demand draft is free at YES Bank branches

Debit Card Charges

• Element Business Debit Card will be available in all accounts, annual fee is Rs 349.
• International withdrawal Rs 150 per transaction, balance inquiry Rs 20.
• ATMs of other banks: 3 free transactions in metro and 4 in non-metro, after this Rs 23 per financial

and Rs 10 per non-financial transaction.

YES Bank has clarified that all charges are exclusive of taxes and may change from time to time. It is important for merchant account holders to understand these new rules, otherwise they will have to bear the burden of additional charges.

The post New Rules : Big news from the bank, rules are changing from depositing money to minimum balance, from October 1 first appeared on Rightsofemployees.com.

AU Small Finance Bank Credit Card Changes

• AU Small Finance Bank has made several changes related to reward points on Ixigo AU credit card. These changes will be effective from 22 December 2024.
• Reward points discontinued in some categories – Now reward points will not be available on educational, government, rent and BBPS transactions.
• Reward points on international spends discontinued – 0% forex markup will be applied on ixigo AU credit card from December 23, but reward points on international transactions will be discontinued.

Rewards on utility and insurance spends

1 reward point will be earned per ₹100 spent on utility, telecom and insurance spends. However, insurance spends will be limited to a maximum of 100 reward points per transaction.

• Axis Bank Credit Card Changes
• Airtel Axis Bank Card
• 25% cashback will continue on recharge or bill payment for active Airtel connection.
• Cashback will not be available on payments for new or inactive connections.

Charge

• Finance Charge: Monthly rate will increase from 3.6% to 3.75%.
• Cheque return or auto debit reversal charge: Minimum charge will be increased from ₹450 to ₹500.
• An additional charge of ₹100 will be applicable for non-payment of Minimum Amount Due (MAD).

SBI Credit Card Changes

• From 1st December 2024, SBI has implemented utility payment charges.
• If the total amount of utility payments in a billing cycle exceeds ₹50,000, a charge of 1% will be levied.
• Utility payments include mobile, telephone, electricity and insurance premium.

YES Bank Credit Card Changes

YES Bank has imposed capping on the usage of its rewards points.

MARQUEE CARDS:

A maximum of 3 lakh reward points or 70% of the total invoice, whichever is lower, can be used every month for flight and hotel bookings.

RESERV CARD:

A maximum of 2 Lakh reward points or 70% of the total invoice can be used.

Other cards:

• A maximum of 1 Lakh reward points or 70% of the total invoice can be used.
• According to YES Bank, the existing 50% limit on use of reward points for gift vouchers or statement credit will also remain applicable.

Related Articles:-

Employees Gratuity Hike: Govt employees will get direct benefit of Rs 5 lakhs..CM approves Finance Department’s proposal..

School Closed Order! All schools will remain closed for 6 consecutive days, education department issued order

Employees Retirement Age Cut: Govt employees will retire at 55 years instead of 62, retirement age will be reduced by 5 years

The post Credit Card Rules: SBI, Axis, AU Small Finance and Yes Bank changed credit card rules, reduced benefits, check details first appeared on Rightsofemployees.com.

Private sector bank Yes Bank recently revised the interest rates on Fixed Deposit. The bank has increased the interest rates on FDs with certain periods on FDs less than Rs 2 crore. Yes Bank has implemented these rates from 30 May 2024. Yes Bank is now offering interest rates between 3.25% to 7.75% to general citizens and 3.75% to 8.50% to senior citizens on FDs maturing in seven days to ten years. The bank has revised the interest rates on FDs maturing in one year and FDs maturing in one year to 18 months.

Also Read: RBI released Annual Report 2023-2024, most frauds are happening in this sector and category

New rates on Yes Bank FDs – These rates are available on FDs of less than Rs 2 crore.

7 days to 14 days: 3.25 per cent (general public)/ 3.75 per cent (senior citizens)

15 days to 45 days: 3.70 per cent (general public)/ 4.20 per cent (senior citizens)

46 days to 90 days: 4.10 per cent (general public)/ 4.60 per cent (senior citizens)

91 days to 120 days: 4.75 per cent (general public)/ 5.25 per cent (senior citizens)

121 days to 180 days: 5 per cent (general public)/ 5.50 per cent (senior citizens)

181 days to 271 days: 6.10 percent (general public)/ 6.60 percent (senior citizens)

272 days to less than 1 year: 6.35 per cent (general public)/ 6.85 per cent (senior citizens)

One year: 7.25 per cent (general public)/ 7.75 per cent (senior citizens)

1 year to 18 months: 7.25 per cent (general public)/ 7.75 per cent (senior citizens)

18 months: 8 per cent (general public)/ 8.50 per cent (senior citizens)

18 months to less than 24 months: 7.75 per cent (general public)/ 8.25 per cent (senior citizens)

24 months 1 day to less than 36 months: 7.25 per cent (general public) / 7.75 per cent (senior citizens)

36 months to 60 months: 7.25 per cent (general public)/ 7.75 per cent (senior citizens).

60 months: 7.25 per cent (general public)/ 8 per cent (senior citizens)

60 months 1 day to 120 months: 7 per cent (general public)/ 7.50 per cent (senior citizens)

The post Fixed Deposit Rates: Yes Bank has implemented these new FD rates from May 30, 2024 first appeared on Rightsofemployees.com.

The importance of the Reserve Bank for the common man can be understood from a recent case. Seeing the common man being harmed by the arbitrariness of 2 private sector banks, RBI took action and imposed a fine of about 2 crore rupees. A penalty of 1 crore has been imposed on one bank and 91 lakh rupees on the other. You will also be surprised to know the arbitrariness of both the banks. On one hand, these banks were charging arbitrary fees from the common man citing the rules and on the other hand, they were distributing loans to companies by breaking the rules.

According to the release issued by the Reserve Bank, RBI has imposed a fine of Rs 1 crore on ICICI, a big private sector bank. At the same time, a penalty of Rs 91 lakh has been imposed on Yes Bank. Both the banks had violated the notification and regulation issued by RBI on March 31, 2022.

Also Read: Post Office FD Scheme: Invest only ₹3,00,000 in Post Office’s FD scheme…you will earn ₹1,34,984 only from interest

What mistake did ICICI Bank commit?

In its audit, the Reserve Bank found that ICICI Bank did not follow the rules while giving loans. The bank gave loans to some institutions or companies without proper investigation. The projects of these companies were not eligible to get sufficient loan, yet the bank gave the money. This put the loan at risk and the Reserve Bank imposed a fine of Rs 1 crore for breaking the rules.

Yes Bank has played a game.

Yes Bank, which was on the verge of bankruptcy a few days ago, saved itself from the interference of the government and RBI, then it started charging arbitrary fees from the common man. RBI found in its audit that Yes Bank charged arbitrary fees from customers in the name of not having minimum balance. This fee was charged in the name of parking fund and customer transaction. RBI considered it against the rules and imposed a fine of Rs 91 lakh on the bank.

What does RBI’s rule say?

The Reserve Bank has clearly stated in the matter of loans that unless the applicant is fully eligible and does not provide any collateral for the risky loan, the loan should not be approved. Similarly, RBI has made clear rules regarding minimum balance and apart from this, banks cannot charge arbitrary fees from customers for any service.

The post RBI Penalty on Bank: RBI Imposes Significant Penalties on ICICI Bank and Yes Bank first appeared on Rightsofemployees.com.

Some banks and card issuers have changed their credit card related fees, charges and rules in May 2024. Credit card customers should be aware of the changes and ensure to follow the latest fees and guidelines prescribed by the bank or credit card company. The banks that have changed their credit card rules this month are Bank of Baroda, Yes Bank, IDBI Bank and HDFC Bank.

Swiggy HDFC Bank Credit Card

If you are a user of Swiggy HDFC Bank Credit Card, then there is good news for you. Now the cashback structure of this credit card has been revised. These changes will be effective from June 21, 2024. Any cashback earned from June 21 will be visible in the credit card statement instead of Swiggy Money. This means that the cashback will reduce the statement balance of the next month. In this way your bill will be reduced.

Also Read: Petrol-Diesel Prices: New prices of petrol and diesel released, know the rate before filling the tank

IDFC First Bank

IDFC First Bank has said that it will charge 1% plus GST extra if the total amount of payment made through credit card for utility bills exceeds Rs 20,000. If your utility bill transactions (gas, electricity and internet) within a statement cycle are Rs 20,000 or less, then there will be no surcharge. However, there will be no utility surcharge on First Private Credit Card, LIC Classic Credit Card and LIC Select Credit Card.

BOBCARD One

Bank of Baroda has increased the interest rate and late payment fee on its BOBCARD One co-branded credit card. The increased rates will be effective from June 26, 2024.

Yes Bank

Yes Bank has revised various aspects of all its credit cards, except the ‘Private’ credit card type. These changes only affect the fuel fee category on some of the bank’s credit card types. These changes are related to the calculation of expenditure level for waiver of annual and joining fees, with the exception of ‘Private’. The terms of extra fee for utility transactions have also changed.

The post New Credit Card Rules: Do you also use credit card? These 4 banks changed the rules in May first appeared on Rightsofemployees.com.

Yes Bank and ICICI Bank are going to make some changes in the service charges of their savings accounts, which will be applicable from May 1. Along with these changes, both banks have also announced the closure of select account types.

Yes Bank

• According to the official website of Yes Bank, the bank will be revising its minimum average balance (AMB) requirements across different savings account types, which are as follows –
• Savings Account Pro Max will require an AMB of Rs 50,000, while the maximum charge will be limited to Rs 1,000. Savings Account Pro Plus, Yes Essence Savings Account, and Yes Respect Savings Account will require an AMB of Rs 25,000, with a maximum charge of Rs 750.
• For Savings Account Pro, AMB of Rs 10,000 will be mandatory, and the maximum charge will be Rs 750. For Savings Value and Kisan Savings Account, AMB of Rs 5,000 will be required.

Apart from this, the bank will be discontinuing several account types, including Savings Exclusive, Yes Savings Select and many others tailored for specific customer segments.

ICICI Bank

ICICI Bank is also going to make changes in many of its banking services. This includes Minimum Monthly Average Balance (MAB), cash transactions charges, ATM interchange fees and more.

Meanwhile, the bank will close many accounts, which include Advantage Women Savings Account, Privilege Accounts Advantage Women Savings Account, Asset Linked Savings Account and Aura Savings Account.

These changes will happen in the regular savings account of ICICI Bank

• Debit card annual fee: Rs 200 per year. (Rs 99 per year for rural locations).
• Check Book: Nil for 25 checks in a year and Rs 4 per check thereafter.
• IMPS: Outward Transactions: The bank will levy tiered charges based on the transaction amount, which will range from Rs 2.50 to Rs 15 per transaction depending on the transaction value.
• Cash Transactions Charges: ICICI Bank will adjust the charges for transactions at domestic and non-domestic branches including third party transactions.

Also Read-

• Bank Loan Rules: Loan taking rules will change from October 1, RBI made new rules
• Best FD Rates: Which bank is giving the highest interest to senior citizens? Check FD rates of Axis, HDFC, Yes SBM Bank
• RBI imposed fine of lakhs on these 5 banks, know the reason here

The post Bank Account Holders: Big news! Yes Bank and ICICI Bank are going to make this big change from May 1, know immediately first appeared on Rightsofemployees.com.

Private sector ICICI Bank customers will now be able to do UPI transactions with their RuPay credit cards. This service has been started by the bank from December 1, 2023. Now customers can make UPI payments by linking their ICICI RuPay Credit Card to any UPI app including PhonePe, GooglePay and Paytm.

To whom do you pay? 

According to the information given by ICICI Bank, any person can transfer money from his RuPay credit card only from person to merchant. That means you can use it only for shopping. If you cannot transfer money to any person through this. 

How to make UPI payment through ICICI Rupay Credit Card?

To make payment through ICICI RuPay Credit Card, first of all you have to link your credit card through UPI app. After this, you can easily go to any merchant QR code and transact through UPI PIN. 

How to link ICICI Rupay Credit Card with UPI?

You can easily link ICICI Bank RuPay Credit Card to the UPI app. 

• For this, first of all you have to download the iMobilePay app of ICICI Bank. After this, open the app and go to ‘UPI Payment’. After this go to ‘Manage’ tab. 
• Now go to ‘My Profile’ and click on Create New UPI ID. 
• Select RuPay Credit Card here. Click on its procedure. After this, you can set the PIN and do UPI transaction. 

Transactions can be done with Rupay credit cards of these banks

Apart from ICICI Bank, you can also easily do UPI transactions using RuPay credit cards of Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, ICICI Bank, Yes Bank, Bank of Baroda and Punjab National Bank. 

The post ICICI Bank allows UPI payments via RuPay credit cards first appeared on Rightsofemployees.com.

FD interest in Yes Bank 

• 7 days to 14 days -3.25 percent 
• 15 days to 45 days – 3.70 percent 
• 46 days to 90 days – 4.10 percent 
• 91 days to 120 days – 4.75 percent 
• 121 days to 180 days – 5.00 percent 
• From 181 days to 271 days – 6.10 percent 
• From 272 days to less than one year – 6.35 percent 
• One year – 7.25 percent 
• One year one day to less than 18 months – 7.50 percent 
• From 18 months to less than 24 months – 7.75 percent 
• From 24 months to less than 60 months -7.25 percent 
• 60 months – 7.25 percent
• 60 Months to 120 Days – 7.00 Percent 

Let us tell you that the bank is giving additional interest of 0.50 percent to senior citizens. 

Interest rates on FD in SBI, ICICI and HDFC Bank 

SBI is offering interest ranging from 3 percent to 7.1 percent on FDs of 7 days to 10 years. The bank is giving additional interest of 50 basis points to senior citizens. ICEICI Bank is offering interest ranging from 3 percent to 7.1 percent to general investors and 3.5 percent to 7.65 percent to senior investors on FDs ranging from 7 days to 10 years. Apart from this, HDFC Bank is offering 3 percent to 7.20 percent interest on FDs ranging from 7 days to 10 years. At the same time, senior citizens are getting interest ranging from 3.5 percent to 7.75 percent.

The post Yes Bank increased interest rates on FD, know how much benefit you will get on one year FD first appeared on Rightsofemployees.com.

According to the bank’s website, the new rates have come into effect from November 21, 2023. The bank is offering FD ranging from 7 days to 120 months. The bank is offering interest ranging from 3.25 percent to 7.75 percent to common citizens. At the same time, the bank is offering interest ranging from 3.75 percent to 8.25 percent to senior citizens.

New rates on Yes Bank FD – These rates are on FD less than Rs 2 crore.

7 days to 14 days: 3.25 percent (General Public)/ 3.75 percent (Senior Citizens)

15 days to 45 days: 3.70 percent (General Public)/ 4.20 percent (Senior Citizens)

46 days to 90 days: 4.10 percent (General Public)/ 4.60 percent (Senior Citizens)

91 days to 120 days: 4.75 percent (General Public)/ 5.25 percent (Senior Citizens)

121 days to 180 days: 5% (General Public)/ 5.50% (Senior Citizens)

181 days to 271 days: 6.10 percent (General Public)/ 6.60 percent (Senior Citizens)

272 days to less than 1 year: 6.35 percent (General Public)/ 6.85 percent (Senior Citizens)

One year: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens)

1 year to 18 months: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens)

18 months to less than 24 months: 7.75 percent (General Public)/ 8.25 percent (Senior Citizens)

24 months 1 day to less than 36 months: 7.25 percent (General Public) / 7.75 percent (Senior Citizens)

36 months to 60 months: 7.25 percent (General Public)/ 7.75 percent (Senior Citizens).

60 months: 7.25 percent (General Public)/ 8 percent (Senior Citizens)

60 months 1 day to 120 months: 7% (General Public)/ 7.50% (Senior Citizens)

The post Yes Bank increased interest on FD, giving 8.25% interest to senior citizens first appeared on Rightsofemployees.com.

In such a situation, now on mature withdrawal of FD in the bank, more charges will have to be paid than before. According to the information available on the bank’s website, now a penalty of 0.75 percent will be imposed on premature withdrawal of FDs with maturity of 181 days and less. Earlier it was 0.50 percent. 

At the same time, a penalty of one percent will be imposed on premature withdrawal of FD with maturity of 182 days and above. Earlier it was 0.75 percent. At the same time, no penalty of any kind will be charged on premature withdrawal of FD made by senior citizens after May 16, 2022. 

Interest rates on FD in Yes Bank

• 7 days to 14 days – 3.25 percent 
• 15 days to 45 days – 3.70 percent 
• 46 days to 90 days – 4.10 percent 
• 91 days to 120 days – 4.75 percent
• 121 days to 180 days – 5.00 percent 
• From 181 days to 271 days – 6.10 percent
• From 271 days to less than a year -6.35 percent 
• One year -7.25 percent 
• One year one day to less than 18 months – 7.50 percent 
•  From 18 months to less than 24 months – 7.75 percent 
• From 24 months to 60 months -7.25 percent 
• From 60 months one day to 120 months -7.00 percent 

The bank is giving additional interest ranging from 0.50 percent to 0.75 percent to senior citizens. 

The post Yes Bank shocks customers, increases penalty on premature FD withdrawal first appeared on Rightsofemployees.com.

Most of the big banks provide locker facility to their customers in some branches, in which fees are applicable depending on the location and size of the locker. Many banks including SBI, Canara Bank, HDFC have changed the rental rates for lockers. At the same time, the RBI has already set a deadline for the banks to get the signatures of the customers on the revised locker agreement before June 30.

HDFC Bank Locker Charges

HDFC Bank levies locker fees which can range from Rs 1350 to Rs 20,000 per annum depending on the size, availability and locations of the lockers. It is generally charging annual charges of Rs 3,000 for medium lockers, Rs 7,000 for large lockers and Rs 15,000 for XL lockers in metro and urban locations.

ICICI Bank Locker Charges

ICICI Bank charges between Rs 1,200 to Rs 5,000 for small size lockers. For medium sized lockers, bank charges vary between Rs 2,500-9,000 and for large ones the charges vary between Rs 4,000-15,000.

Yes Bank Locker Charges

Yes Bank charges its customers Rs 4,500 to Rs 32,000 for different sizes of lockers.

Canara Bank Locker Charges

The one-time locker registration charge for Canara Bank customers is Rs.400 plus GST. Service charges for locker operations are free up to 12 per year and thereafter Rs 100 per operation plus GST charges as applicable.

SBI Locker Rent Latest Rates

SBI offers 3 types of lockers to its customers and all three have different rates. The bank charges Rs 2000+GST for metro and urban customers and Rs 1500+GST for rural and semi-urban customers as fare.

The post Bank Locker Charges List: 5 banks including SBI, Yes Bank changed locker rules, new charges apply first appeared on Rightsofemployees.com.

State Bank Of India

SBI is offering 6.80% interest rate on FDs from 1 year to 2 years. Whereas, the FD rate under AMRIT KALASH is being offered at 7.10% for a period of 400 days.

HDFC bank

HDFC Bank is offering 6.60% interest rate on FDs of 1 year to less than 15 months. At the same time, it is offering 7.10% interest rate for FDs of less than 15 months to 18 months. The bank is offering the highest rate of 7.25% on FDs from 4 years 7 months to 55 months. This is a Limited Edition Bank FD.

ICICI Bank

ICICI Bank (ICICI Bank) is offering 6.70% interest rate for FDs of less than 1 year to 15 months for general citizens. The bank is offering the highest interest rate of 7.10% for FDs with tenures ranging from 15 months to less than 2 years. These rates are applicable from February 24, 2023.

Canara Bank

Canara Bank is offering the highest interest rate of 7.25% on FDs with a tenure of 444 days for general citizens. These rates are applicable from April 5, 2023.

Yes bank

Yes Bank is offering 7.50% interest rate on FDs of 1 year to less than 18 months. These rates are effective from May 2, 2023.

The post Highest FD interest rate: SBI, HDFC, ICICI , Yes Bank, Canara Bank are offering higher interest rates on FDs, invest money today first appeared on Rightsofemployees.com.

The pilot-based digital rupee was launched on November 1, 2022, for use at the wholesale level. After that, the use of digital rupee in the retail segment was announced on December 1, 2022. Pilot projects were started in Mumbai, New Delhi, Bangalore and Bhubaneswar. In terms of usage, a limited range of customers and merchants were included in it.

Ahmedabad, Chandigarh, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla are also being included in the pilot project in a phased manner.

4 banks have been named

The pilot project started with four banks – State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. While four other banks… Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank joined later.

5 more banks are in the process of joining

Central Bank said in 2022-23 report Five more banks… Punjab National Bank, Canara Bank, Federal Bank, Axis Bank and IndusInd Bank are in the process of joining the pilot project. The scope is being gradually expanded to include more banks, users and locations as per the need.

According to the released report

, in the case of wholesale and retail digital rupees, things are satisfactory so far and are in line with what was expected. With reference to the digital rupee wholesale segment, it said that settlement of secondary market transactions in government securities has been included under it. Transactions between banks are expected to become more efficient with the use of digital money-wholesale segment. This arrangement is expected to bring down the disposal cost.

Currently nine banks are participating

State Bank of India (SBI), Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC ) are participating in the pilot.

The post RBI Digital Currency: RBI has taken a big decision regarding Digital Currency, these banks including SBI were included first appeared on Rightsofemployees.com.

Yes Bank, one of the largest private sector lenders, has changed its savings account charges structure. At the same time, opening of new accounts in 5 categories of savings account has been stopped. Along with this, the bank has made changes in ATM debit card charges, miscellaneous service charges, passbook related charges, free transactions and charges on banking services.

According to the bank, new charges for savings account related services have been made effective from 1 April 2023. After the change in the new service charge, customers will have to pay more fees in some cases.

Rs 125 charges for non-maintenance of savings account balance

As per the website of Yes Bank, the AMB requirement has been broken down in rupees at select locations from time to time. According to the bank, Rs 5000 has been fixed for Yes Grace, Rs 2500 for Yes Respect and Rs 2500 for Yes Value. 1000 is required for Kisan Savings Account. Maximum charges of Rs 125 per month will be applicable for non-maintenance of balance in the account.

Savings Account Interest Rate and Debit Card Charges

Yes Bank offers an interest rate between 4 per cent to 6.25 per cent depending on the balance in the savings account. The rates have been kept the same for customers in regular, senior citizens, rural, semi-urban and urban areas. At the same time, the bank has revised the fee of Rs 149 for some debit card variants given earlier to Rs 199. Whereas, the fee of Rs 199 has been increased to Rs 249.
Customers can get more information about change in service charges from the official website of the bank https://www.yesbank.in/.

Yes Bank has stopped opening 5 types of new savings accounts.

Yes Bank has stopped opening new accounts on 5 types of savings accounts. But existing account holders will continue to get services as before. There will be no effect on them. Just from April 1, new accounts of customers in these categories will not be opened.

1. Savings Exclusive
2. Yes Savings Select (YES Savings Select /XLRATE SA)
3. Savings Advantage (Savings Advantage/Yes Grace/Yes Prosperity Prime/Ascent/Crest)
4. Yes Respect (Yes Respect (for Sn. Citizen))
5. Savings PRO (Limited KYC)

The post Bank Service Charges Change: Big News! Yes Bank bans opening of 5 types of new accounts, service charge revised, check details immediately first appeared on Rightsofemployees.com.

According to the bank’s website, the new rates have been implemented from today i.e. February 21, 2023. The bank has revised the FD interest rates for 25 months. The bank is now offering 8% interest on FD of 36 months.

Yes Bank’s revised new FD rates between 181 days and 271 days stand at 6 per cent instead of 5.75 per cent. In this, the interest has been increased by 0.50 percent. The bank has increased interest rates on FDs maturing between 272 days and 1 year from 6 per cent to 6.25 per cent.

After increasing the repo rate of RBI, most of the banks are increasing the interest on FD. So far, many banks like SBI, ICICI Bank, HDFC Bank have increased the interest on FDs in recent times. Now the name of Yes Bank has also been included in this count. RBI has recently increased the repo rate by 25 basis points to 6.50 percent. Since May last year till now, the repo rate has been increased by 2.50 per cent.

New rates on Yes Bank’s FD

7 days to 14 days: 3.25 per cent (General) / 3.75 per cent (Senior Citizen)
15 days to 45 days: 3.70% (General) / 4.20% (Senior Citizen)

46 days to 90 days: 4.10% (General) / 4.60% (Senior Citizen)

91 days to 180 days: 4.75% (General)/ 5.25% (Senior Citizen)

181 days to 271 days: 6.00 per cent (General) / 6.50 per cent (Senior Citizen)

272 days to less than 1 year: 6.25 per cent (General)/ 6.75 per cent (Senior Citizen)

1 year to 15 months: 7.25% (General) / 7.75% (Senior Citizen)

15 months to less than 35 months: 7.50% (General)/ 7.71% (Senior Citizen)

35 months 1 day to less than 36 months: 7.50 per cent (General) / 8.00 per cent (Senior Citizen)

36 months to 120 months: 7.00% (General)/ 7.75% (Senior Citizens).

15 days to 45 days: 3.70% (General) / 4.20% (Senior Citizen)

46 days to 90 days: 4.10% (General) / 4.60% (Senior Citizen)

91 days to 180 days: 4.75% (General)/ 5.25% (Senior Citizen)

181 days to 271 days: 6.00 per cent (General) / 6.50 per cent (Senior Citizen)

272 days to less than 1 year: 6.25 per cent (General)/ 6.75 per cent (Senior Citizen)

1 year to 15 months: 7.25% (General) / 7.75% (Senior Citizen)

15 months to less than 35 months: 7.50% (General)/ 7.71% (Senior Citizen)

35 months 1 day to less than 36 months: 7.50 per cent (General) / 8.00 per cent (Senior Citizen)

36 months to 120 months: 7.00% (General)/ 7.75% (Senior Citizens).

The post Yes Bank hikes FD Interest Rates: Yes Bank increased interest on FD, giving 8% interest on FD, check full details first appeared on Rightsofemployees.com.

10 big banks of the country SBI, ICICI, HDFC, Axis, Bandhan Bank, IndusInd Bank, Yes Bank, Bank of India, RBL Bank and Kotak Mahindra Bank have recently increased the interest rates on FD. Now out of these 10 banks, Bandhan Bank, Yes Bank, Axis Bank, HDFC, ICICI are giving the highest interest to senior citizens. Let us know which of these banks is offering the highest interest.

HDFC bank new rates

1 year to 15 months: For general public – 6.50 per cent; For Senior Citizen – 7.00 percent
15 months to less than 18 months: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
18 months to 2 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
5 years 1 day to 10 years: For general public – 7.00 per cent; For senior citizens – 7.75 percent.
ICICI Bank’s interest rates on FDs of less than Rs 2 crore ..
1 year to 389 days: For general public – 6.60 per cent; For Senior Citizen – 7.10 percent
390 days to less than 15 months: For general public – 6.60 per cent; For Senior Citizen – 7.10 percent
15 months to less than 18 months: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
18 months to 2 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
5 years 1 day to 10 years: For general public – 6.90 per cent; For Senior Citizen – 7.50 percent.

SBI FD rates

SBI is giving maximum 7% interest on FD to senior citizens. Apart from this, common people are getting 6.50 percent interest on FDs of one year to less than 2 years, 5.50 percent interest on FDs of 180 to 210 days. The bank is giving 5.75% interest for 211 days. 5.75% interest is being received on FDs ranging from 2 years to less than 5 years. 5.50% on FDs of 5 years and up to 10 years, 5% interest is being received on FDs of 46 days to 179 days. 3.50 percent interest is being received on FD of 7 to 45 days.

Kotak Mahindra Bank revised FD rates on 28 December

6 months: For general public – 5.75%, for senior citizens – 6.25%

12 months: For general public – 6.75 percent, for senior citizens – 7.25 percent

15 months: For general public – 7 percent, for senior citizens – 7.5 percent

18 months: For general public – 7 percent, for senior citizens – 7.5 percent

21 months: For general public – 7 percent, for senior citizens – 7.5 percent.

Axis Bank FD interest rates – for amounts below Rs 2 crore

• 3 months to less than 4 months: 4.50 per cent for general public; 4.50 percent for senior citizens
• 4 months to less than 5 months: 4.50 per cent for general public; 4.50 percent for senior citizens
• 5 months to less than 6 months: 4.50 per cent for general public; 4.50 percent for senior citizens
• 6 months to less than 7 months: 5.75 per cent for general public; 6.25 percent for senior citizens
• 7 months to less than 8 months: 5.75 per cent for general public; 6.25 percent for senior citizens
• 8 months to less than 9 months: 5.75 per cent for general public; 6.25 percent for senior citizens
• 9 months to less than 10 months: 6.00 per cent for general public; 6.50 percent for senior citizens
• 10 months to less than 11 months: 6.00 per cent for general public; 6.50 percent for senior citizens
• 11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.50 percent for senior citizens
• 11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.50 percent for senior citizens
• 1 year to less than 1 year 5 days: 6.75 per cent for general public; 7.25 percent for senior citizens
• 1 year 5 days to less than 1 year 11 days: 6.75 per cent for general public; 7.25 percent for senior citizens
• 1 year 11 days to less than 1 year 25 days: 6.75 per cent for general public; 7.25 percent for senior citizens
• 1 year 25 days to less than 13 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 13 months to less than 14 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 14 months to less than 15 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 15 months to less than 16 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 16 months to less than 17 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 7 months to less than 18 months: 6.75 per cent for general public; 7.25 percent for senior citizens
• 18 months to less than 2 years: 6.75 per cent for general public; 7.25 percent for senior citizens
• Less than 2 years to 30 months: 7.00% for general public; 7.50 percent for senior citizens
• 30 months to less than 3 years: 7.00 per cent for general public; 7.50 percent for senior citizens
• 3 years to less than 5 years: 7.00% for general public; 7.50 percent for senior citizens
• 5 years to 10 years: 7.00 per cent for general public; 7.50 percent for senior citizens.

RBL Bank FD rates

• 7 days to 14 days: For general public – 3.50 per cent; For senior citizens – 4 percent
• 15 days to 45 days: For general public – 4.00 per cent; For Senior Citizen – 4.50 percent
• 46 days to 90 days: For general public – 4.50 per cent; For senior citizens – 5 percent
• Less than 91 days equal to 6 months: For general public – 4.75 per cent; For Senior Citizen – 5.25 percent
• 181 days to 240 days: 5.50 per cent for general public; For senior citizens – 6 percent
• 241 days to 364 days: For general public – 6.05 per cent; For Senior Citizen – 6.55 percent
• 365 days to 452 days: For general public – 7%; For Senior Citizen – 7.50 percent
• 15 months: For general public – 7.80 per cent; 8.30 percent for senior citizens
• 15 months 1 day to 725 days: For general public – 7.80 per cent; 8.30 percent for senior citizens
• 725 days: For general public – 7.80 per cent; 8.30 percent for senior citizens

Bandhan bank new rates

• 7 days to 15 days: For general public – 3 percent
• 16 days to 28 days: For general public – 3 percent
• 29 days to 45 days: For general public – 3.50 percent
• 46 days to 90 days: For general public – 4.50 percent
• 91 days to 180 days: For general public – 4.50 percent
• 181 days to 364 days: For general public – 6.75 percent
• 365 days: For general public – 7.90 percent
• 366 days: 7.90 percent for general public
• 367 days to less than 15 months: 7.90 percent for general public
• 15 months to less than 2 years: 6.15 percent for general public
• 2 years to 3 years: 6.15 percent for general public
• 3 years to 5 years: 6.15 percent for general public
• 5 years to 10 years: 5.00 percent for general public

IndusInd Bank FD Rates (Fixed Deposit Rate on IndusInd Bank )

• Interest on FD maturing in 7 to 30 days – 3.50%
• Interest on FD maturing in 31 to 45 days – 4%
• Interest on FD maturing in 46 to 60 days – 4.50%
• Interest on FD maturing in 61 to 90 days – 4.60%
• 4.75% interest on FDs maturing in 91 to 120 days
• Interest on FD maturing in 121 to 180 days – 5%
• 5.75% interest on FDs maturing in 181 to 210 days
• 5.80% interest on FDs maturing in 211 to 269 days
• Interest on FD maturing in 270 to 354 days – 6%
• 6.25% interest on FDs maturing in 355 to 364 days
• Interest on FD maturing in 1 year to 1 year 6 months – 7%
• 7.25% interest on FDs maturing in 1 year to 6 months to 2 years
• Interest on FD of 2 years to 3 years is 7.50 percent
• 7.25% interest on FDs of 3 years to 61 months
• Interest on 5 year FD 7.25 percent

Interest rates on Yes Bank FD

• On FD of 7 to 14 days – 3.25 percent interest
• On FD of 15 to 45 days – 3.70 percent interest
• On FD of 46 to 90 days – 4.10 percent interest
• 91 to 180 days on FD – 4.75 percent interest
• On FD of 181 to 271 days – 5.75 percent interest
• 272 to less than 1 year on FD – 6 percent interest
• On FD of 1 year to 120 months – 7 percent interest

Bank of India increased interest on FD

The country’s public sector bank Bank of India (BOI) has revised the FD interest rates. The bank has increased the interest on FDs of less than Rs 2 crore. The bank is offering higher interest on FD of 444 days. BOI is offering 7.05 percent interest to the common people on 444 days FD. The bank is offering 7.55 percent interest to senior citizens on this FD. The bank is paying 7.25 percent interest on FDs of 2 to 5 years.

The post SBI, ICICI, HDFC, Axis Bank FD Rate: These 10 banks are giving the highest FD interest to senior citizens, check the complete list first appeared on Rightsofemployees.com.

Though banks are in a race to increase the interest rates and pass on the benefits to the customers, there are only a few banks which are offering the highest interest rates to senior citizens. Today we are going to tell you about such banks which are earning 8% or more to senior citizens.

These banks are getting more than 8 percent returns

1. Axis Bank gives 8.01% interest to senior citizens on FDs of 2 years to less than 30 months.
2. Punjab National Bank is giving 8.05% return to super senior citizens on 666 days FD.
3. DCB is giving 8.35% return to senior citizens on FDs ranging from 700 days to less than 36 months. The bank is paying 8 percent interest on FDs of less than 700 days from 18 months.
4. IDFC First Bank is offering 8% return on FDs of 18 months – 1 day – 3 years to senior citizens.
5. Yes Bank gives 8 percent interest rate to senior citizens on FD of 25 months and the bank gives 8.25 percent interest on 35 months special FD.
6. Other big banks like HDFC Bank and ICICI Bank offer 7.50% returns to senior citizens.
7. Canara Bank gives 7.65% interest on 444 days FD to senior citizens.

who is a senior citizen

An Indian who is 60 years or more but less than 80 years of age at any time during the previous year is considered as a senior citizen. A super senior citizen is one whose age is 80 years or more.

TDS on Senior Citizen FD

Banks will deduct TDS at the rate of 10% and 20% if neither PAN nor Form 15G and 15H are submitted. For senior adults aged 60 years and above, the annual maximum for FD interest income is Rs 50,000; After that, banks levy 10 per cent TDS.

The post Bumper FD Rate for Senior Citizen: Senior citizens are earning more than 8% from FDs in these banks, see full list first appeared on Rightsofemployees.com.

According to the official website of the bank, the new rates have become effective from January 18, 2023. After the change, the bank is giving 3.25 percent interest to its customers on FDs of 7 days to 45 days. The bank is now offering 4.50 per cent interest on FDs of 46 days to 179 days, 5.50 per cent interest on FDs ranging from 180 days to less than 1 year, 6.75 per cent interest on 1 year FDs.

Senior citizens get 0.50 percent more interest on Canara Bank FDs, general customers get 6.80 percent interest on FDs of 1 year to 2 years, 7.15 percent on 400 days FDs and 7.00 percent on 666 days FDs. Now the bank is giving 6.80 percent interest on FDs ranging from 2 years to 3 years and 6.50 percent on FDs ranging from 3 years to 10 years. At the same time, senior citizens are getting 0.50 percent more interest on Canara Bank FD than general customers.

RBI has increased the repo rate

5 times in the last year Reserve Bank had increased the repo rate 5 times in the last year. With the intention of reducing inflation, the central bank increased the repo rate by another 0.35 percent to 6.25 percent in the bi-monthly monetary policy review on December 7, 2022.

Many banks have increased the rates of fixed deposits.

It is noteworthy that recently SBI, PNB, Kotak Mahindra Bank, HDFC Bank, Suryoday Small Finance Bank, Yes Bank, Jan Small Finance Bank etc. have also increased their FD rates. . This process of increasing FD rates has started after the increase in repo rates by RBI.

The post FD Rate Increase for Senior Citizen! Canara Bank has increased the interest rates on Fixed Deposit, know the latest rates first appeared on Rightsofemployees.com.

After the revision in the interest rates of Citibank, it is paying 2.10% to 7.25% interest to the common people on FDs maturing in 7 days to 10 years. These new rates are available on FDs of Rs 2 crore or less. New rates will be available only for new FDs and FDs that are being renewed.

Citi Bank FD Rates

The bank is offering an interest rate of 3.00% on deposits maturing in 7 days to 30 days. Citibank is offering 2.15% interest on FDs maturing in 15 days to 35 days. Citibank is offering an interest rate of 3.50% on FDs maturing in 36 days to 180 days. Paying 7.25 percent interest on FDs of 181 to 400 days. 3.50% interest is being paid on FDs of 401 to 1096 days. Citibank is offering a maximum interest of 7.25 per cent on FDs of 181 days to 400 days.

FD rates increased due to increase in repo rate

FD interest rates continue to rise from May 2022. RBI started increasing the repo rate from May last year to control inflation. Since then, the repo rate has been increased by 2.25 percent. Although there was a reduction in the inflation rate in November, but even then the RBI increased the repo rate by 0.35 percent on 7 December. After that all the banks started making the loan costlier. Also started increasing the interest on FD.

These banks have increased interest on FD

After increasing the repo rate of RBI in the banking sector, most of the banks are increasing the interest on FD. Now there is a competition among the banks regarding the interest rates on FDs. Everyday one or the other bank is increasing the interest on FD. Till now banks like Yes Bank, SBI, HDFC, Indian Overseas have increased interest on FDs.

The post Bank Fixed Deposits Rates increased: Opportunity to earn more on FD, now this bank has increased interest on FD first appeared on Rightsofemployees.com.

Interest Rates for other tenure Fixed Deposit:

Yes bank FD Rates

1. The new FD rates of Yes Bank are effective till January 12, 2023.
2. Yes Bank will give 3.25 percent interest rate on FDs of 7 days to 14 days.
3. Will give 3.70 percent rate on FD of 15 days to 45 days.
4. Yes Bank will give 4.10 percent interest rate on FDs of 46 days to 90 days.
5. Will give 4.75 percent interest rate on FD of 91 days to 180 days.
6. Will give a rate of 5.75 percent on FDs between 181 and 271 days.
7. 272 and will give an interest rate of 6 per cent on FDs between 1 year.
8. Yes Bank will give 7 percent interest to the general public on FDs of 1 year to 120 months.

Special Tenor Fixed Deposits:

Announcement of new tenure

On October 12, 2022, Yes Bank launched FDs of 20 months to 22 months, on which the general public will get an interest rate of 7.25 percent and senior citizens will get an interest rate of 7.75 percent.

And on 9 December 22, the bank launched a new fixed deposit tenure of 30 months, on which the general public will get an interest rate of 7.50 percent and senior citizens will get an interest rate of 8 percent. On January 03, 2023, Yes Bank started a new FD tenure of 15 months, on which it will get 7.25 percent interest rate for general and 7.75 percent for senior citizens.

The post Yes Bank FD Rates: Good news! Bank started 25 and 35 months FD, will get 8.25% return first appeared on Rightsofemployees.com.

In the new year, in the first week of January, many banks including Bandhan Bank, Punjab National Bank, Yes Bank and Kotak Mahindra have announced to increase the interest rate. The increased rates will be applicable for fixed deposits up to ₹2 crore. Some economic analysts predict that RBI may announce or implement another hike in February 2023. Due to this, the possibility of further increase in interest rates has increased in the coming days.

• Punjab National Bank on January 1 announced an increase in the rates of interest on savings accounts and fixed deposits. PNB increased the interest rate on savings account by 25 basis points, while increased the interest rate on FD by up to 50 basis points. The bank is now offering 4 to 8 percent interest rate on FD.
• Indian Overseas Bank (IOB) on January 1 increased the interest rate on short-term FDs of 7 to 90 days by 75 basis points. The bank currently offers a maximum interest of 6.55% on FDs of 444 days. While the additional rates for senior citizens remain at 0.50% and 0.75% respectively.
• On January 1, Punjab and Sindh Bank has announced an increase in the interest on FDs. The bank is currently offering 2.80% to 6.25% interest on Fixed Deposits with maturities ranging from 7 days to 10 years, while the rate for a tenure of 601 days is 7%.
• Bandhan Bank has announced an increase in interest on FDs on January 5, 2023. The bank currently offers 3.00% to 5.85% on FDs maturing in 7 days to 10 years, while for senior citizens it ranges from 3.75% to 6.60%. The bank is giving maximum interest rate of 7.50% to general citizens and 8% interest to senior citizens.
• Kotak Mahindra Bank increased interest rates on savings schemes by up to 50 bps on January 4, 2023. On FDs maturing in 390 days to less than two years, the bank is now offering a maximum interest of 7% to the general public, while the rate for senior citizens is 7.50%.
• Yes Bank has announced a change in the interest rate on FDs up to ₹ 2 crore on January 3, 2023. The bank is offering interest between 3.25% and 7.00% to the general public, while the rate for senior citizens is 3.75% to 7.75% on deposits ranging from 7 days to 120 months.

The post Fixed deposit list of banks: Big news! These banks increased FD interest rates in January 2023 first appeared on Rightsofemployees.com.

January 3, 2023. According to the new rates, now common investors will get interest ranging from 3.25 percent to 7 percent on FDs ranging from 7 days to 120 months. Whereas, senior citizens will get 3.75% to 7.75% returns on FDs of the same duration. Let us know how much return Yes Bank is giving on FDs of different tenures.

Up to 8 percent interest will be available in this special FD scheme

Investors will get up to 8% returns on Yes Bank’s special FD scheme. Under this, common investors will get 7.25 per cent interest while senior citizens will get 7.75 per cent return on 15-month FD. On 30 months FD, general investors will get 7.50 percent return and senior citizens will get 8 percent return. On FDs of 20 to 22 months, general investors will get 7.25 percent and senior citizens will get 7.75 percent return.

Interest rates on FDs of different tenors (for general investors)

On FD of 7 to 14 days – 3.25 percent interest
On FD of 15 to 45 days – 3.70 percent interest
On FD of 46 to 90 days – 4.10 percent interest
91 to 180 days on FD – 4.75 percent interest
On FD of 181 to 271 days – 5.75 percent interest
272 to less than 1 year on FD – 6 percent interest
On FD of 1 year to 120 months – 7 percent interest

The post Fixed Deposit: Yes Bank increased interest rates on FD, senior citizens will get up to 8% return first appeared on Rightsofemployees.com.

As a result, interest rates on fixed deposits have gone up in the last few months. Fixed Deposits (FDs) are often the preferred investment option for senior citizens. All top lenders including State Bank of India (SBI), ICICI Bank, HDFC Bank, Yes Bank, Kotak Mahindra Bank and others offer under 50 basis points (bps) higher interest to senior citizens than general customers.

The Reserve Bank of India (RBI) has increased the repo rate by 225 bps from May 2022. As a result, interest rates on fixed deposits have gone up in the last few months.

The post Senior Citizen Best FD Scheme: Which bank is giving the highest interest to senior citizens, check the complete list first appeared on Rightsofemployees.com.

Yes Bank said that it is discontinuing the balance alert service provided through SMS. If you are getting SMS service of balance alert under any package, then that too will stop from December 1. However, if there is time left for your subscription, you will get SMS service till then.

You can take advantage of these services from here

Yes Bank said that customers can check account balance using online facilities of the bank like Yes Mobile, Yes Online, Yes Robot etc. You can customize SMS service as per your convenience. You can register for SMS service, make changes.

Register for the service like this

these are the steps

Step 1 : Log in online with your Yes Bank customer ID and password.

Step 2: Click on Menu at the corner of the page.

Step 3 : Click on Alert on Profile Manage.

Step 4 : Select the account you want to modify, register or de-register.

Step 5 : Select the type of alert.

Step 6 : Once you have selected the alert, save it.

Yes Bank’s co-founder got bail

Rana Kapoor, the co-founder of the private sector veteran bank Yes Bank, got a big relief from the Delhi High Court on 25 November today. The Delhi High Court has granted him bail in a money laundering case of Rs 466.51 crore. This case was filed by the Central Investigation Agency ED on Rana Kapoor.

Rana Kapoor was arrested by the Central Investigation Agency in March 2020 under the Prevention of Money Laundering Act (PMLA). He is currently lodged in Taloja Jail in Navi Mumbai. The ED alleges that Rana Kapoor, his family and others extended huge loans to companies linked to their family and made profits of thousands of crores.

The post Big news for Bank customers! This service is going to stop from 1st December first appeared on Rightsofemployees.com.

For Yes Bank, the new rates came into effect on November 3 and for ICICI Bank, for deposits between Rs 2 crore and Rs 5 crore, the new rates came into effect from today, while the interest rates for deposits below Rs 2 crore amended. This is effective from 29 October. As far as Yes Bank is concerned, the fixed deposit interest rates start from 3.25 per cent and the maximum is 7.5 per cent.

Yes Bank FD interest rates on deposits below Rs 2 crore

Yes Bank is now giving returns of 3.25 per cent for deposits maturing in 7 days to 14 days, 3.7 per cent for fixed deposits maturing in 15 days to 45 days, 4.1 per cent for 46 days to 90 days, 91 days 4.75 percent for 180 days, 5.5 percent for 181 days to 271 days, 5.75 percent for less than 1 year 272 days, 6.5 percent for one year to less than 18 months, 18 months to 10 years 6.75 percent Return will be given. Senior citizens will get an additional interest rate of 0.5 per cent for fixed deposits maturing between 7 days to three years and an additional 0.75 per cent for deposits maturing between three years and 10 years.

ICICI Bank FD rates for deposits below Rs 2 crore

ICICI Bank is now offering an interest rate of 3 per cent for fixed deposits maturing between 7 days to 29 days, 3.5 per cent in case of deposits maturing between 30 days to 45 days, deposits of 46 days to 60 days. 3.75 per cent for deposits maturing in 61 days to 90 days, 4 per cent for deposits maturing in 91 days to 184 days, 5.25 per cent for deposits maturing in 185 days to 210 days, 290 days to less than one year Fixed deposits maturing in 5.5 per cent, 6.1 per cent for deposits of one year to 18 months, 6.15 per cent for deposits from 18 months to 2 years, two years for one day to 3 years fixed deposits 6.2 per cent, 6.35 per cent for 3-year FDs of one day to 5 years and 6.25 per cent for deposits maturing in five years from one day to 10 years.

The post ICICI Bank, Yes Bank FD rates increased by 2022, check new rates first appeared on Rightsofemployees.com.

Yes Bank’s special FD scheme is for investment of less than 2 crores. The tenure of this scheme ranges from 20 months to 22 months. Retail investors will get an annual interest rate of 7.25 percent on investment in this scheme.

On the other hand, senior citizens will get an interest of 7.75 percent on investing under this scheme, which is going to beat the current rate of inflation. Let us tell you that at present, there are very few FD schemes, which are offering inflation-beating returns to their investors.

Meanwhile, the shares of Yes Bank closed at Rs 16.00, down 0.93 per cent on the NSE today i.e. on Wednesday, October 12. The company’s shares have gained about 13.88 percent since the beginning of the year 2022. At the same time, its price has increased by about 20.75 percent in the last one year.

HDFC Bank also increased the interest rate on FD

Private sector lender HDFC Bank has increased interest rates on fixed deposits (FDs) of less than Rs 2 crore. According to the information available on the official website of the bank, the new rates have come into effect from October 11.

The bank has increased the interest rates on fixed deposits (FDs) by up to 0.75 percent. This is the second time in the last two months that the bank has increased the rates of FDs. Now investors making fixed deposits in HDFC Bank for tenures ranging from 7 days to 10 years will get interest between 3 to 6 percent. At the same time, this interest rate for senior citizens will be 3.50% to 6.75%.

The post Good News! Yes Bank launches special FD scheme, investors will get tremendous returns of up to 7.75% first appeared on Rightsofemployees.com.

The interest rate on NRE fixed deposits with tenures ranging from 12 months to less than 18 months has now been increased to 7.01 per cent per annum. Similarly, the interest rate on deposits with tenures above 18 months has been changed to 7.25 per cent per annum. The bank said in a statement that these new rates are applicable on deposits below Rs 5 crore. Furthermore, the Bank is also offering a peak rate of 4.25% p.a. on USD FCNR deposits for the tenure of 24 months to less than 36 months

Apart from this, the bank is also offering a maximum rate of 4.05 per cent per annum on dollar FCNR deposits with tenures ranging from 12 months to 24 months and 4.25 per cent per annum on deposits with tenures ranging from 24 months to 36 months.

To make NRE Fixed Deposit, customers can visit YES BANK’s digital banking channels such as YES Online (Net Banking), YES Mobile (Mobile Banking) or YES Robot (Personal Banking Chatbot). Or if they are in India then can also visit their nearest Yes Bank branch. Whereas outside India, they can email gib@yesbank.in (Bank’s email id for NRE transactions).

Similarly, FCNR deposits can be booked through Yes Online (net banking) or by visiting the nearest Yes Bank branch if the customer is in India or writing to gib@yesbank.in, the bank said. Huh.

Meanwhile, Yes Bank shares closed at Rs 16.20, down 0.92 per cent on the NSE on Friday, August 2. Shares of Yes Bank have gained about 15.30 per cent so far this year.

The post Yes Bank increased interest rates on these 2 types of FD, know how much is the rate now first appeared on Rightsofemployees.com.