Yes Bank Fixed Deposit Types

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Sushubh

Sushubh

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I cannot guarantee that this information is accurate but this is what I was told by Yes Bank customer support representative on the phone.

FD – Payout Resident
This FD would send the interest to your bank account every three months from the date of FD creation

FD – Reinvestment Resident
This FD would compound the interest and you would get total amount at the end of maturity

FD – Payout Monthly
This FD would send the interest to your bank account every month from the date of FD creation

FD – 5 Years Tax Efficient Payout Resident
This FD is for five years. Interest I believe is tax free. FD cannot be prematurely broken. You get interest on a quarterly basis.

FD – 5 Years Tax Efficient Reinvestment Resident
This FD is again for five years and interest is tax free. FD cannot be prematurely broken. You get total sum at the end of five years.

FD – Calendar Monthly Payout
This seems to be similar to Payout Monthly but from what I have been told, interest would be issued at the end/start of the month so that you have access to month at that time.
 
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