YES Bank RD Calculator 2025

Benefits of YES Bank RD Calculator

There are several benefits to using the YES BANK RD calculator, such as:

1. It is available online and can be used from your mobile, tablet, laptop, or desktop
2. It is free to use
3. It is easy to use
4. Error-free calculations
5. Instant results

1. You can compare between different maturity periods with different interest rates

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Factors Influencing YES Bank RD Interest and Maturity Amount

The rate of interest on your YES BANK recurring deposit will directly impact how much you will earn on maturity of the deposit. The following factors influence the interest rate:

1. RBI Reverse Repo Rate -The Reserve Bank of India's reverse repo rate is the rate at which the RBI borrows money from commercial banks like YES BANK.
2. This is directly linked with the RD interest rates. A low reverse rate would result in a low-interest rate on the RD and vice versa.

1. Deposit Maturity Period -The maturity period of your RD will determine how much your maturity amount will be as the interest rate varies from one tenure to another.
2. For example, if you choose a 6-month maturity period, the rate of interest is 6.10% p.a. for general citizens and 6.60% p.a. for senior citizens. But if you choose a 2-year deposit period, the rate of interest offered to the general public is 7.25% for general citizens and 6.10% p.a. to 7.75% p.a for senior citizens.
3. Depositor's Age - Anyone above the age of 60 is offered an additional interest rate of up to 0.75% on their deposits.

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Calculation of Compound Interest on YES Bank Recurring Deposit

YES BANK deposits accumulate interest on a compounding basis every quarter. This means that you open an RD account with YES Bank on 1 May, the interest compounds every 1 August, 1 November, 1 February, and 1 May. This cycle repeats up to the end of the maturity period as chosen by you.

The formula for calculating the compounding interest is given below:

M = R x {(1 + n) x n - 1} / 1- (1 + i) (-1/3)

Where:

M = Maturity value

R = Deposit amount

n = Maturity period (in quarters)

i = Rate of interest divided by (4×100).

The YES BANK RD online calculator is based on this formula. So, using this calculation, you can find out how much you will earn in the scenario given below, which is:

If you open a YES BANK RD account with an initial deposit of Rs.2,500 for a period of 9 months at an interest rate of 6.35% p.a., your maturity amount will then be Rs.23,167.

Using the YES BANK RD online calculator, however, will give you an accurate and error-free calculation as compared to manual calculations. This will help you choose the best deposit amount and tenure for your needs.

YES BANK's recurring deposit scheme promotes a regular and consistent habit of investing a fixed amount every month for a pre-defined period at the end of which you are paid back the principal amount deposited plus the interest on it. The duration varies from six months up to 10 years with the interest rate, as of 8 June 2024, ranging from 6.10% p.a. to 7.25% p.a, with senior citizens offered an additional interest rate of up to 0.75%.

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YES Bank Recurring Deposit Interest Rates for the General Public

The rate of interest for recurring deposits for Resident Indians for amounts up to Rs.1.99 crore per month is given in the table below:

Tenure	Interest Rate(%P.A.)
6 Months	6.10%
9 Months	6.35%
12 Months	7.25%
15 Months	7.50%
18 Months	8.00%
21 Months	7.75%
24 Months	7.25%
27 Months	7.25%
30 Months	7.25%
33 Months	7.25%
36 Months to less than 60 Months	7.25%
60 Months	7.25%
60 Months one day and above	7.00%

Note: Interest rates with effect from 8 June 2024.  

Rates are subject to change at the sole discretion of the bank

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YES Bank Recurring Deposit Interest Rates for Senior Citizens

The rate of interest for recurring deposits for Resident Indians who are senior citizens for amounts up to Rs.1.99 crore per month is given in the table below:

Tenure	Senior Citizen Rate (%P.A.)
6 Months	6.60%
9 Months	6.85%
12 Months	7.75%
15 Months	8.00%
18 Months	8.50%
21 Months	8.25%
24 Months	7.75%
27 Months	7.75%
30 Months	7.75%
33 Months	7.75%
36 Months to less than 60 Months	8.00%
60 Months	8.00%
60 Months one day and above	7.75%

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Note: Interest rates with effect from 8 June 2024.   

Rates are subject to change at the sole discretion of the bank

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on YES Bank RD Calculator

• Can I use the YES BANK RD calculator even before I open an RD account with the bank?

  Yes, you can use the YES BANK RD calculator even before you open an RD account with the bank. In fact, it is a free online tool that will help you decide which deposit tenure will give you the maximum amount on maturity by comparing the interest rates which vary for different tenures.

• Is the rate of interest already given in the RD calculator?

  No, the rate of interest will be different for different deposit tenures. For this reason, the interest rate field has been left blank in the RD calculator. You will have to input the interest rate yourself based on the period of deposit that you are interested to invest in.

• Where do I find the interest rates for YES BANK RDs?

  You can find the interest rates for YES BANK RDs on the BankBazaar page and it also given on this page for your reference.

• Can I change the deposit tenure on my RD after I start it?

  Once you have fixed and opened your RD account, you cannot change the duration of deposit until maturity.

• Can I increase or decrease my monthly investment once I open my YES BANK RD?

  Once you have decided and fixed the amount you are willing to invest every month in your YES BANK recurring deposit and have opened an RD account with the bank, you will not be able to change the deposit amount, whether by decreasing it or by increasing it.

• What is the YES Bank RD Calculator 2025?

  The YES Bank RD Calculator 2025 is an online tool that helps the depositor to calculate the maturity value of the Recurring Deposit scheme with YES Bank, based on the interest rate, amount you plan to deposit monthly, and the tenure of the deposit. 

• How do I use the YES Bank RD Calculator?

  Enter the, to use the calculator to get the maturity amount and the total interest earned, enter the tenure (in months or years), monthly deposit amount, and the applicable interest rate. 

• What information do I need to use the YES Bank RD Calculator?

  To use the YES Bank RD calculator effectively, the depositor needs to know the monthly deposit amount, the interest rate offered by YES Bank for RD, and the tenure of the deposit. 

• Can the YES Bank RD Calculator be used for both short-term and long-term RDs?

  Yes, the calculator can be used for both short-term and long-term recurring deposits, and the maturity value for different time periods can be obtained by entering varying tenure. 

• Does the YES Bank RD Calculator consider the compounding frequency?

  Yes, the calculator considers the quarterly compounding frequency. 

• Is the maturity amount calculated by the YES Bank RD Calculator accurate?

  The maturity amount calculated is an estimate based on the values entered by the user and hence, the actual value of maturity amount may vary depending on the bank policies or interest rates. 

• Can I use the YES Bank RD Calculator to compare different RD plans?

  Yes, to compare different RD plans by adjusting the deposit amount, tenure, and interest rates you can use the YES Bank calculator to see which plan suits your financial goals better. 

• Are there any fees for using the YES Bank RD Calculator?

  No, there is no fee required to use the YES Bank RD Calculator, as it is available for free on the YES Bank website or mobile app, allowing you to use it whenever required. 

• Can the YES Bank RD Calculator help me plan my savings goals?

  Yes, the YES Bank calculator help in planning the savings goal by providing the estimated maturity value on the RD over the chosen tenure. 

• Where can I find the YES Bank RD Calculator?

  The YES Bank RD Calculator is available on the official YES Bank website and mobile app, under the tools or calculator section. 

• Who can apply for an RD account?

  Any individual who is an Indian resident or belong to the Hindu Undivided Families (HUF) can open an RD account with Yes Bank. 

• Is the nomination facility provided by Yes Bank for RD account?

  Yes, nomination facility is provided by the Yes Bank on their recurring deposit schemes and allows only one nominee per account is allowed. 

• What happens to the maturity of the YES RD account?

  Once the Yes Bank RD matures, the depositor can either invest the maturity amount in fixed deposits or can transfer the principal amount and the accumulated interest into the linked savings account.