Yes Bank has increased the penalty for premature withdrawal from fixed deposits (FDs) effective from August 8. The penalty charge will be increased to 0.50 per cent from the existing 0.25 per cent in case the tenure of FD (completed) is less than or equal to 181 days.
If tenure is 182 days and above, the penalty charged will be increased to 0.75 per cent effective from August 8 from the existing 0.50 per cent. These charges are for general customers. The Bank does not impose any penalty on premature withdrawal from FDs by senior citizen customers.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
