YES Bank NRE FD Rates

What is a YES Bank NRE Fixed Deposit?

The YES Bank NRE FD is a financial instrument through which Non-Resident Indians invest money for a predetermined time and grow that money by earning interest. The account offers a higher interest rate than a savings account. The principal amount invested by the investor and the interest earned on it are completely repatriable, which allows for the transfer of the entire fund value back to a foreign bank without any interruptions. YES Bank NRE FD is one of the easiest ways to invest and grow foreign income in India.

Rate of Interest on YES Bank Non-Resident External (NRE) FD Account Deposits

The fixed deposit interest rate received on YES Bank NRE fixed deposit accounts amounting to below ₹3 crore are as follows:

Note: *Interest rates effective from April 21, 2025. YES Bank NRE FD rates are subject to change without prior notice. The calculation of annualised yields involves quarterly compounding.

Why Choose a YES NRE FD Account?

The YES Bank NRE FD account offers its customers various benefits, including:

• Investment can begin with an amount as low as ₹10,000.

• NRE FD is maintained in Indian rupees, saving the funds from foreign exchange rate fluctuations.

• YES Bank NRE FD provides tax benefits on interest earned over time.

• The bank catering to different needs of various individuals offers a flexible tenure to deposit money ranging from 7 days to 10 years. Making it suitable for long-term investment plans.

• YES NRE FD provides the benefit of a loan of up to 90% of your FD fund value.

What Are the Eligibility Criteria for a YES Bank NRE FD Account?

In order to invest in the YES Bank NRE FD account, the following conditions must be fulfilled:

• The customer must fall under one of the following categories: NRI, PIO, Indian seafarer, Indian government employee with a diplomat’s passport, or student studying abroad.

• Must have valid ID proof, including an Indian passport, a PIO card.

• Required to show authentic overseas address proof.

• Must present valid proof, including a student visa or employment visa.

How to Open a YES Bank NRE FD Account?

For Existing YES Bank Customers

YES Bank offers an easy way to open an NRE FD account. Simply follow the given steps, and your NRE FD account will be opened in no time:

Step 1:

Go to the YES Bank website and click the NRI section at the top.

Step 2:

Click on the ‘Deposits’ dropdown menu, followed by clicking ‘NRE Deposits’ in the dropdown menu.

Step 3:

Select ‘Open a new FD’.

Step 4:

Register yourself by filling in the required details and receive your login credentials.

Step 5:

Log in using your login credentials, including your ID and password. Provide the necessary details, including your account details from which the amount will be deducted, the tenure, card details, phone number, email ID, etc., and your NRE FD account will be opened.

You can also book your NRE FD through online channels such as YES Online, YES ROBOT, and IRIS.

For New Customers

New customers can open a YES Bank NRE FD account using two convenient methods.

1. Online Application

   • Visit the official YES Bank website and go to the NRI section.

   • Locate the online NRE Fixed Deposit (FD) application option.

   • Note that opening an NRE FD typically requires you to first open a savings account.

   • Fill out the online application form with your personal details such as name, email ID, Aadhaar card number, and PAN card.

   • Upload scanned copies of required documents, including your passport, visa, and proof of overseas address.

   • Submit the online form for review.

   • After your details and documents are verified by the bank, your NRE FD account will be opened

2. Offline Application

   • Visit a YES Bank branch in India that offers NRI services.

   • Inform the bank staff that you wish to open an NRE Fixed Deposit (FD) account.

   • The staff will provide you with application forms for a new customer account (typically a savings account) and for the NRE FD.

   • Fill out the forms with your personal details, such as name, email ID, Aadhaar card number, and PAN card number.

   • Attach self-attested copies of your required documents (such as Aadhaar and PAN card).

   • Submit the completed forms along with the self-attested document copies to the bank staff for processing.

Documents Required to Open YES NRE FD Account

The following documents are to be submitted while opening a YES NRE FD account:

1. Documents to be submitted by NRIs

   At the time of submitting an application to open an NRE FD account at YES Bank, the following duly signed documents are to be submitted:

   • Passport

   • Valid work permit/employment visa / Residence Visa / Residence Permit

   • Address proof

2. Documents to be submitted by OCIs / PIOs

   While submitting an application to open an NRE FD account at YES Bank, the following duly signed documents are to be submitted:

   • Passport

   • PIO card or past Indian passport

   • Valid work permit/employment visa

   • Address proof

3. Documents to be submitted by Students

   Students, while submitting an application to open an NRE FD account at YES Bank, have to submit the following duly signed documents:

   • Passport

   • Valid student visa / I-20 form

   • Proof of Address

4. Documents for Seafarers

   Seafarers, while submitting an application to open an NRE FD account at YES Bank, have to submit the following duly signed documents:

   • Passport copy

   • Visa copy

Conclusion

One of the most convenient ways for NRIs to judiciously invest and grow their earnings from abroad is by investing in a YES Bank NRE FD account. You can easily manage your funds in India without any worries. The account can be easily opened and maintained and also provides higher, tax-free returns. By knowing the YES Bank NRE FD rates, you’ll be able to analyze the rates along with the time period most suitable for your retirement planning, so that you attain your financial goals at your desired time.