Yes Bank Fixed Deposit (FD) Interest Calculator

Fixed Deposits are risk-free. They offer returns higher than those available for savings accounts. Yet, people have varied needs and separate goals for financial targets. They want tailored plans to 'fix' large or small amounts for varying periods. Numerous banks offered scores of schemes to utilize idle funds.

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Maximum returns Offered by Guaranteed

6.5%**

Fixed Deposits

(by SBI bank)

(5-10 Years)

7.1%***

Public Provident Fund

(other popular options)

(15 Years)

We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
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We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: *The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.
Yes Bank FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

FDs cater to the social need to be able to reap maximum yield. YES Bank also offers fixed deposits at reasonable rates for customers to save their money.

What is Yes Bank FD Calculator?

The practice of saving and investing efficiently requires calculations. They have been mostly taken over by software and applications. One such program is the 'Yes Bank FD Calculator. 

The Yes Bank FD Calculator takes all the typical factors into account. It suggests a customized model of investment. Every customer can input their choices and comprehend every possible combination of the result. 

Yes Bank FD Calculator will help the customers calculate the interest on the fixed deposit that they will deposit in the Yes Bank. Using the fixed deposit calculator, the customer will get to know how much maturity amount he will earn on the principal amount with gained interest compounded on days/monthly/quarterly/yearly basis.

Customers can easily use the YES BANK FD calculator to get the maturity value, total investment amount, and total interest on their deposit amounts. They just need to visit the insurer website, access the FD Calculator and input the required information to get the desired results.

Looking for more insights? Try our SIP Calculator.

How Does the Yes Bank FD Calculator Work?

The YES Bank has several products for its FD customers. The primary factors that impact the quantum of interest earned and the sum at the time of maturity are the investment amount, the chosen term, the compounding frequency applied, and the rate of interest. 

Also, customers shall keep in mind that the Fixed Deposit interest rates for domestic customers and NRI’s are quoted separately at varying rates. Dynamics for senior citizens may further impact results. They are offered preferential interest rates.

  • One needs to access the YES Bank FD calculator tool from the insurer website. It will ask for user input. One needs to enter the details such as terms for fixed deposit, deposit amount, and deposit account category.
  • Customers have to note that the fixed deposit rates for YES Bank are different for various categories, such as Regular deposits, Senior Citizen deposits, and NRE/NRO deposits.
  • Once the information is entered, the user needs to click on the “Calculate” option.
  • It will show the premium calculations for the data entered and will provide information related to the interest charged, maturity amount obtained, and also deposit amount accrues at various intervals of the term.

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Expand

Domestic Term Deposits

Rates of interest on Domestic Term Deposits w.e.f. 10-05-2021 (in %  pa) for deposits below Rs 2Crore
Term  Interest rates Annualized yield 
7days-14days 3.50 3.50
15days-45days 3.75 3.75
46days-90days 4.25 4.25
3months-<6months 4.75 4.75
6months-<9months 5.25 5.28
9months-<1year 5.50 5.58
Special rates:
Term  Interest rates Annualized yield 
1year<2years 6.00 6.14
2years<3years 6.25 6.40
3years<5years 6.50 6.66
5years=<10years 6.75 6.92

*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Interest rates for Senior Citizens

Rates of interest for senior citizens w.e.f. 10-05-2021 (in %  pa) for deposits below Rs 2 Crore
Term  Interest rates Annualized yield 
7days-14days 4.00 4.00
15days-45days 4.25 4.25
46days-90days 4.75 4.75
3months-<6months 5.25 45.25
6months-<9months 5.75 5.79
9months-<1year 6.00 6.09
Special rates:
Term  Interest rates Annualized yield 
1year<2years 6.50 6.66
2years<3years 6.75 6.92
3years<5years 7.25 7.45
5years=<10years 7.50 7.71
Rates of interest for senior citizens for deposits Rs 2 Crore <5 Crore (%pa)
Term  Existing rates (w.e.f 25/05/2021)  Revised rates (w.e.f.  01/06/2021)
7days-14days 3.00 3.00
15days-30days 3.15 3.15
31days-45days 3.40 3.40
46days-60days 3.45 3.45
61days-90days 3.50 3.50
91days-120days 3.90 3.90
121days-180days 3.90 3.90
181days-270days 5.15 5.10
271days-<1year 5.45 5.35
1year(12months) 6.00 5.95
12months1day-<18months 6.00 5.95
18months-<2years 5.80 5.75
2years-<3years 5.80 5.75
3years-<5years 6.00 6.00
>5years 6.00 6.00
FD interest have fallen consistently over the last 5 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years
Know More

Simple Interest Vs Compound Interest

Firstly, a Fixed Deposit with a term shorter than six months earns 'Simple Interest'. Funds meant for longer durations are marked for 'Compounded Interest'. It means the customer will derive additional interest on already acquired interest.

  1. Simple Interest

    Technically, Simple Interest is a percentage of the Principal added to the Principal at regular intervals. 

    The following formula expresses it:

    I = PNR (where I is the interest earned, P is the Principal, N is the period, and R is the applicable rate of interest)

  2. Compound Interest

    The percentage of the principal amount also comprises the previously accrued interest. The Yes Bank FD Calculator determines the maturity value by compounding at a  quarterly frequency. 

    Formula:

    A = P (1+ R/N)^NT

    Here A is the maturity amount.

    P is the initially invested Principal 

    R is the applicable Interest Rate 

    N is the compounding frequency in a year

    T is the FD tenure

How to Use The 'Yes Bank Fixed Deposit Calculator' On The 'Policybazaar' Portal?

Patrons visiting the Policy Bazaar website (policybazaar.com) have a unique opportunity to use the 'Yes Bank FD Calculator. Placed conveniently at the top of the home page, the software proficiently helps in chalking out different FD schemes. 

The 'Yes Bank FD Calculator' makes the website a one-stop shop. People looking to buy insurance policies can also calculate their FD options. They just need to enter the principal amount, select tenure, and choose the type of deposit. Clicking on the 'Calculate' button, Yes Bank FD Calculator displays the final sum receivable, i.e., maturity amount.

The 'Yes Bank FD Calculator' can be used any number of times to determine returns. Customers can relax. They can take their own sweet time to chisel out a future in peace. 

*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Advantages of Using the Calculator

Today, computers and mobile devices are vastly common. Software and apps are used for almost every purpose. Technology has made long strides and has proved its worth. Use of the 'Yes Bank FD Calculator' program or app should be welcomed. 

Still, there are other arguments besides ease and sophistication. Some of them are as follows:

  • Interest rates are automatically generated in the 'Yes Bank FD Calculator. Customers do not need to remember all the different rates applicable for various options. 
  • The 'Yes Bank FD Calculator' automatically factors in the applicable TDS. This, too, saves a lot of hassle.
  • It operates seamlessly and comes up with accurate information. 
  • It is readily available online at multiple portals.
  • Customers do not have to make lists of complex information and formulae.

How Can the Calculator Help?

The favourability of a fixed deposit depends on two significant factors: Its duration and the interest rate. Still, there are hundreds of plans involving differing interest rates and times. Finalizing a scheme or plan is just too perplexing. 

The Yes Bank FD Calculator, available on the official Yes Bank portal, eliminates this confusion. This calculator helps guide the customer to calculate the maturity amount on the principal amount at a fixed rate of interest and tenure as the Bank offers various ranges of investment amounts at different interest rates. Using this calculator, one can compare the preferences and choose a suitable FD scheme.

The calculator clearly shows the lump sum available at the end of that particular scheme. The customer, therefore, can make the right decision by comparing as many schemes as possible.

FAQ's


Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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