YES BANK, as a company, understands the need for financial security in life. With a fixed deposit account from YES BANK, you receive a steady source of income with the flexibility of maintaining your funds in accessible units.
A fixed deposit is an investment account which is opened for a stipulated period of time by depositing a certain amount of money. The money with which this account is to be created is fixed, and has a fixed rate of interest.
Fixed deposits are a safe investment option, with guaranteed returns, as the money you deposit earns you a certain amount of interest till the date of maturity. You can also choose to collect your income, from the interest accrued on the deposit as per your convenience on a monthly or quarterly basis.