FD Update: Invest Rs 1 lakh in FD of this bank and get a profit of Rs 44,995..

FD Rates: After the reduction in repo rate by RBI, the process of reduction in interest rates in banks is continuously increasing. Now recently a private sector bank in the country has decided to change the interest rates (Bank FD Rates) for its customers. Now if customers invest Rs 1 lakh in the FD of this bank, they will get the benefit of 44,995 return.

Know which bank changed the FD rate-

Yes Bank says that now the customers of Yes Bank (Yes bank fd rates calculator) can invest in the FD of this bank for 7 days to 10 years. In the FD (fixed deposit) of this bank, customers get maximum interest ranging from 3.25 percent to 8.25 percent.

However, senior citizen customers get 0.50 percent more interest (YES Bank interest rates) from the bank. The new interest rates of fixed deposits of this bank have come into effect from April 21. Yes Bank FD interest rates-

The information about FD rates is given on the official website of Yes Bank. According to the website, customers are offered 7 percent interest (YES Bank FD rates) on FD of 1 year i.e. 12 months. At the same time, senior citizens get a return of 7.50 percent on FD of this time period.

That is, if the calculation is done, then customers are going to get a total return of about Rs 1,07,186 on an investment of Rs 1 lakh. At the same time, senior citizens (YES Bank FD rates for senior citizens) will get an amount of Rs 1,07,714 on the investment of this amount.

How much return will be available on 3 and 5-year FD-

If you invest in Yes Bank (FD rates yes bank) for 3 and 5 years, then in such a situation, the customers of this bank get interest at the rate of 7.50 percent. At the same time, this interest rate has been fixed at 8.25 percent for senior citizens.

According to the calculation, on an investment of Rs 1 lakh, common citizens will get a return of Rs 1,24,972 in 3 years and Rs 1,44,995 in 5 years (yes bank fd return). Talking about senior citizens, senior citizens will get a total return of approximately Rs 1,27,760 in 3 years and at least Rs 1,50,426 in 5 years on the same investment.

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