# Yes Bank Fixed Deposit Calculator 2023

Yes Bank offers Fixed Deposit scheme currently with attractive interest rates from 3.25% to 8.25%, and flexible tenures. Manually calculating your Yes Bank FD maturity amount can be complex and prone to errors. But now, you can use the Yes Bank FD calculator as a more reliable and convenient alternative.

With the Yes Bank fixed deposit calculator, you can quickly and accurately determine your fixed deposit maturity amount and estimated returns. Using the calculator is incredibly easy – simply input your investment amount, duration, and interest rate. Within seconds, you can view your FD investment returns and the total amount you’ll receive upon maturity. Say ‘goodbye’ to manual calculations, and ‘hello’ to hassle-free calculations with the Yes Bank FD calculator.

Total Investment

Rate of Interest (P.a)

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Time Period (Years)

Invested Amount

0

Est. Returns

Total Value

## How to Use Yes Bank Fixed Deposit Calculator?

The Yes Bank FD calculator is designed to help you find out the returns on your fixed deposit investments in a simple and hassle-free manner to plan your investments better. The tool is extremely easy to use. All you need to do is follow the 3 easy steps given below to check your FD returns.
And that’s all. Once done, you will be able to check the estimated returns along with the maturity amount instantaneously!

## Yes Bank FD Interest and Maturity Amount Calculation Formula

Yes Bank FD interest income and maturity amount can be calculated via the simple and compound interest methods.

The interest and maturity amount of an FD depends on the principal amount, interest rate, and tenure.

There are two methods for calculating the interest and maturity amount:

1. Simple interest
2. Compound interest

For simple interest:

Maturity amount = P(1 + (RT/100))

Interest earned = (PR*T)/100

Here, P is the principal amount, R is the interest rate, and T is the tenure.

Suppose you invest ₹1,00,000 in a Yes Bank FD for 3 years at a simple interest rate of 6%. The maturity amount and interest earned will be:

Maturity amount = 1,00,000 (1 + (63/100)) = ₹1,18,000

Interest Earned = (1,00,0006*3)/100 = ₹18,000

For compound interest:

Maturity amount = P * (1 + r/n)^(n*t)

Interest = Maturity Amount – Principal Amount

Where,

P = Principal amount

r = Interest rate

n = Number of times the interest is compounded per year

t = Tenure

Suppose you invest ₹1,00,000 in a Yes Bank FD for a tenure of 3 years at an interest rate of 6.5% per annum, compounded semi-annually. Using the compound interest formula, the maturity amount would be:

Maturity Amount = 1,00,000 * (1 + 0.065/2)^(2*3) = ₹1,21,154

Interest = 1,21,154- 1,00,000 = ₹21,154

## Benefits of Using Yes Bank Fixed Deposit Interest Calculator

The Kotak Bank interest and maturity calculator offers a multitude of advantages, as elaborated below:

### Accurate calculation

Manual calculations can be prone to errors, whereas the FD calculator ensures precise results and helps you calculate the maturity amount and interest earned with high accuracy.

### Time-saving

Calculating the maturity amount manually can be time-consuming, whereas the FD calculator provides quick and hassle-free results with just a few clicks.

### Easy to use

The FD calculator is a user-friendly online tool that can be accessed from anywhere with an internet connection.

### Aids comparison

The FD calculator also allows you to compare the returns of different FD schemes with varying tenures and interest rates. This helps you make an informed decision about which scheme to invest in, depending on your financial goals and requirements.

The minimum amount for creating an FD is ₹10,000. While the minimum tenure for an FD is 7 days, and the maximum is 10 years
Your Yes Bank FD interest also depends on the prevailing interest rate for that particular tenure. Let’s say the interest rate is 6.5% compounded annually, upon calculation, your total interest earned would be ₹90,556. The total maturity amount would be ₹1,90,556.
Yes, you can withdraw your FD prematurely, but you may attract a penalty fee as per the bank’s terms and conditions.
Yes, TDS (Tax Deducted at Source) is applicable on the interest earned on FDs if the interest amount exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
Yes, you can take a loan against your Yes Bank FD. However, read the fine print to know applicable rates, the amount that can be availed and other T&Cs.
Disclaimer : Navi does not guarantee accuracy, completeness, or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained/data generated herein or on its completeness/accuracy. The use of any information set out is entirely at the User’s own risk.

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### What is Yes Bank Fixed Deposit Interest Rate in 2023?

Yes Bank FD interest rate ranges from 3.50% to 7.75% (up to 8.25% for senior citizens) for deposits up to Rs 2 crore. The applicable interest rate varies depending on the tenure you choose. Here are some of the highlights of Yes Bank FD interest rate:

• Interest Rate: 3.25% to 7.75%
• Tenure: 7 days to 10 years
• Minimum Deposit: ₹10,000
• Maximum Deposit: No Upper Limit
• Lock-in Period: 7 days (5 years in tax saver)

### Ways to Calculate Yes Bank Fixed Deposit Interest and Maturity Amount

There are two ways to calculate Yes Bank FD interest and maturity amount –

1. Simple Interest Method
2. Compound Interest Method

The formula for simple interest method is:

Interest Earned = (PRT)/100

Maturity Amount = P + Interest Earned

Where, P = Principal amount invested, R = Rate of interest (%) and T = Tenure

Let’s take an example to understand this better. Assume you deposit ₹7 lakh at a 5% interest rate for 3 years. Then your interest income would be

= (7,00,000*5*3)/100 = ₹1,0,5000

Maturity value = P+I

= 7,00,000 + 1,05,000 = ₹8,05,000

The formula for interest calculation via the compound interest method is:

Maturity Amount = P * (1 + r*t)

Interest = Maturity Amount – Principal Amount

Where,

P = Principal Amount

r = Interest Rate

t = Tenure in years

Assume you deposit ₹8,00,000 at 5% interest rate for 2 years compounded semi-annually. Then your maturity value would be

= 8,00,000 (1+0.05/2)*(2*2) = ₹8,83,050.31

Interest = ₹8,83,050 – ₹8,00,000 = ₹83,050

• User-friendly interface: The Yes Bank fixed deposit calculator has an easy-to-use interface. Just input the necessary details, and the calculator will display your maturity and return amount.
• Fast and accurate results:There is no waiting time with the Yes Bank FD calculator. Enter your investment amount, tenure, and interest rate, and you will receive accurate results in seconds. Say goodbye to human errors!
• Investment planning : The Yes Bank FD calculator can help you plan your investments better. By selecting your desired tenure, investment amount, and applicable interest rate, you can determine which amount or tenure most aligns with your investment goals.

### Factors that Affect Yes Bank Fixed Deposit Maturity Amount Calculation

Your maturity amount and interest earned on your Yes Bank FD investments could depend on the following factors:
• Interest Rate : The interest rates will vary based on the chosen scheme and tenure. Additionally, senior citizens are eligible for 0.50% higher FD rates than normal rates.
• Tenure : Your investment duration will impact the maturity amount. The longer the tenure, the larger the maturity amount.
• Principal amount: The maturity amount can also depend on the principal amount invested. If you have invested a nominal amount, your maturity amount would also be lower. It is essential to factor in your investment objective and goals and invest the amount that aligns with your financial goals.
• Investor’s age : YES Bank offers preferential FD interest rates to senior citizen depositors. A higher applicable interest rate means a bigger FD maturity amount.
To accurately calculate your FD returns, you can use our Yes Bank FD calculator. The calculator is user-friendly and designed to provide quick and accurate results, enabling you to make informed investment decisions.