YES Bank has designed Recurring deposit (RD) scheme in a way that it will help you prepare for the future. It enables customers to make a financial provision by Investing a fixed amount every month for a defined period.
A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. If you are familiar with SIP in Mutual Funds, RD works similarly in banking. Every month, a fixed amount of money is deducted either from a savings or a current account. And, at the end of the maturity, investors are paid back their invested money with accrued interest.
A user willing to open an Recurring Deposit account with Yes Bank can choose any amount and term according to your convenience.
Here's the list of resident recurring deposit interest rates offered by Yes Bank.
|Period||Interest Rate *(p.a.)||Senior Citizen Rates *#(p.a)|
|60 Months up to 120 Months||6.25%||7.00%|
Interest rates are subject to change from time to time. Kindly contact the bank branch to know the latest RD rates
*Interest Rates for installments upto INR 1.99 Cr per month.
#Senior Citizen rates are applicable only for Domestic Deposits.
Investment Amount:₹180,000 Interest Earned:₹21,001 Maturity Amount: ₹201,001
Maturity Amount: ₹201,001
Some of the key features of opening an recurring deposit account with Yes Bank are:
Talk to our investment specialist
A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.
|Monthly Deposit Amount||500|
|RD in month||60|
|Rate of Interest||7%|
|RD Maturity Amount||INR 35,966|
|Interest Earned||INR 5,966|
Systematic Investment plan (SIP) is a way to put your money in mutual funds. Investment can be done on a periodic basis - daily, weekly, monthly or quarterly.
You need to deposit a small amount of money at every interval. The minimum amount can be as low as INR 500.
SIPs can help in all kinds of investment goals, whether short- or long –term, depending on the frequency of investment, funds chosen and other factors.
SIPs offer flexible instalment plans of daily, weekly, monthly, quarterly etc.
Returns can be earned better here. The longer you invest via a SIP in mutual funds, especially in an Equity Fund, the higher are the chances to earn good returns.
To Cancel SIP, the investors can simply close their investment and withdraw their money without any penal charges.
Here's a list of best performing equity SIPs for an investment horizon of
5 years and above
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) L&T Emerging Businesses Fund Growth ₹67.2916
₹11,552 500 8.4 29.3 39.4 39.1 22.5 1 Principal Emerging Bluechip Fund Growth ₹183.316
₹3,124 100 2.9 13.6 38.9 21.9 19.2 IDFC Infrastructure Fund Growth ₹34.994
₹762 100 9.5 25.9 36.7 36.1 19.4 1.7 Franklin Build India Fund Growth ₹100.724
₹1,558 500 12 32.8 36.7 35.1 21.3 11.2 Aditya Birla Sun Life Small Cap Fund Growth ₹70.3201
₹4,580 1,000 5.8 24.2 32 26.1 16 -6.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Dec 23
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