The Hindu Business Line : YES Bank scheme for seniors

YES Bank has introduced a special high interest fixed deposit scheme for senior citizens. With effect from December 14, interest rates on deposits with maturity period of six months and one year will earn 8.5 per cent and that of one year and one day to two years is at 8.75 per cent. Rates on deposits for two years and one day to five years is at 8.5 per cent.

The revised fixed deposit rates on the scheme for senior citizens as well as regular depositors provides an opportune investment option to all customers looking at a combination of high returns and liquidity, said Mr Ajay Mahajan, Group President, Financial Markets, Institutions and Investment Management, YES Bank.

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