Torus Digital v/s YES Bank Fixed Deposit Interest Rates
About YES Bank
YES Bank is a prominent private sector bank in India, offering a comprehensive suite of financial products and services. These include savings and current accounts, YES Bank fixed deposit, personal loans, home loans, credit cards, and digital banking solutions, catering to both individuals and businesses.
FD Interest Rates 2025: Torus Digital FD vs YES Bank FD
FD Interest Rates 2025: Torus Digital FD vs YES Bank FD ( Senior Citizens )
Here is a comparative table showcasing the fixed deposit interest rates offered by Torus Digital and YES Bank for both the general public and senior citizens to help you make an informed investment choice.
Here is a comparative table showcasing the fixed deposit interest rates offered by Torus Digital and YES Bank for both the general public and senior citizens to help you make an informed investment choice.
| Tenure Tenure | YES Bank FD YES Bank FD | Torus Digital FD Torus Digital FD |
|---|---|---|
| 7 – 14 days | 3.25% |  4.00% |
| 15 – 29 days | 3.50% | 4.25% |
| 30 – 45 days | 3.50% | 4.50% |
| 46 – 60 days | 4.50% | 4.50% |
| 61 – 89 days | 4.50% | 4.50% |
| 90 – 120 days | 4.75% | 5.00% |
| 121 – 180 days | 4.75% | 5.00% |
| 181 – 271 days | 6.00% | 5.50% |
| 272 days – < 1 year | 6.25% | 6.00% |
| 1 year | 6.65% | 7.50% |
| Above 1 year – 15 months | 6.75% | 7.50% |
| 15 months – 18 months | 6.75% | 7.50% |
| 18 months – < 24 months | 6.90% | 7.50% |
| 24 months – < 36 months | 6.90% | 7.50% |
| 30 months – 36 months | 6.90% | 8.15% |
| 3 years – < 5 years | 7.00% | 6.75% |
| 5 years | 6.75 | 8.40% |
| Above 5 years – 10 years | 6.75% | 7.25% |
| Tenure Tenure | YES Bank FD (Senior Citizen) YES Bank FD | Torus Digital FD (Senior Citizen) Torus FD |
|---|---|---|
| 7 – 14 days | 3.75% | 4.40% |
| 15 – 29 days | 4.00% | 4.65% |
| 30 – 45 days | 4.00% | 4.90% |
| 46 – 60 days | 5.00% | 4.90% |
| 61 – 89 days | 5.00% | 4.90% |
| 90 – 120 days | 5.25% | 5.40% |
| 121 – 180 days | 5.25% | 5.40% |
| 181 – 271 days | 6.50% | 5.90% |
| 272 days – < 1 year | 6.75% | 6.40% |
| 1 year | 7.15% | 7.90% |
| Above 1 year – 15 months | 7.25% | 7.90% |
| 15 months – 18 months | 7.25% | 7.90% |
| 18 months – 24 months | 7.40% | 7.90% |
| 24 months – < 36 months | 7.40% | 7.90% |
| 30 months – 36 months | 7.40% | 8.15% |
| 3 years – < 5 years | 7.75% | 7.15% |
| 5 years | 7.50% | 8.40% |
| Above 5 years – 10 years | 7.50% | 7.65% |
Open your Torus Digital Fixed Deposit today and enjoy attractive returns with flexibility and security.
Open Account NowFeatures of Fixed Deposit: Torus Digital FD vs YES Bank FD
When comparing any fixed deposit interest rate across banks, it is important to evaluate both the returns and the flexibility offered to ensure the FD aligns with your financial goals.
| Feature Feature | YES Bank FD Account YES Bank | Torus Digital FD Account Torus Account |
|---|---|---|
| Interest rate | Up to 7.00% p.a. (general), up to 7.75% p.a. (senior citizens) | Up to 8.40% p.a. |
| Minimum deposit | ₹10,000 | ₹1,000 |
| Interest payout | Monthly/Quarterly/Cumulative | Monthly/Quarterly/Cumulative |
| Senior citizen benefit | Special senior citizen rates up to 7.75% p.a. | +0.40% extra |
| Premature withdrawal | Allowed with penalty (0.75% for ≤ 181 days,1% for > 181 days) | Allowed, no penalty on specific tenure |
| Loan against FD | Overdraft facility up to 90% of FD value | Available |
| Tax saving FD | Available | Available |
| Booking process | Digital channels (YES Online, mobile app,WhatsApp banking) or branch visit | Fully digital |
Open your Torus Digital Fixed Deposit today and enjoy attractive returns with flexibility and security.
Open Account NowWhich FD Offers the Best Interest Rate? Torus Digital FD vs YES Bank FD
When comparing YES Bank fixed deposit rates with Torus Digital, Torus Digital offers higher maximum returns — up to 8.40% p.a. for the general public compared to YES Bank’s maximum of 7.00% p.a. For senior citizens, YES Bank FD rates go up to 7.75% p.a., whereas Torus Digital offers up to 8.40% p.a. If maximising returns is the priority, Torus Digital stands ahead, though YES Bank provides strong stability, multiple tenure options, and reliable digital banking support.
Documents Required: Torus Digital FD vs YES Bank FD
To open a fixed deposit account with Torus Digital or YES Bank, having the right documents ready ensures a smooth process.
| Documents Required Documents Required | YES Bank FD YES Bank FD | Torus Digital FD Torus Digital FD |
|---|---|---|
| Proof of Identity & Address (Any one) | Identity proof: Passport, Aadhaar Card, Driving Licence, Government ID, or Senior Citizen ID Card; Address proof: Passport, Aadhaar Card, Driving Licence, Voter ID, or NREGA Job Card | Aadhaar Card (mandatory), PAN Card (mandatory) |
| PAN Card | Mandatory for KYC | Mandatory for KYC |
| Photographs | As per bank requirement | Not required separately |
| Additional Documents | Term Deposit Account Opening Form, Form 15G, Form 15H, Sweep-in Form for SMART ACCESS (available online or at branch) | No physical forms needed – digital onboarding |
Eligibility Criteria: Torus Digital FD vs YES Bank FD
| Eligibility Criteria Eligibility Criteria | YES Bank FD YES Bank FD | Torus Digital FD Torus Digital FD |
|---|---|---|
| Account Holders | Indian nationals, NRIs, HUFs, and firms | Resident Individuals |
| Minors | Allowed with guardianship | Not applicable |
| Senior Citizens | 60 years and above get extra rate | 60 years and above get extra rate |
| Foreign Nationals | NRIs eligible as per bank norms | Not applicable |
Why Choose Torus Digital Fixed Deposit?
The Torus Digital Fixed Deposit, powered by Suryoday Small Finance Bank (SSFB), offers a range of innovative features designed to give you the best investment experience with attractive returns and complete convenience.
- High FD Interest Rates: Earn up to 8.40% p.a., among the best in the market.
- Flexible Interest Payouts: Choose monthly, quarterly, or cumulative payouts to suit your financial plans.
- Low Minimum Deposit: Start investing with just ₹1,000.
- Senior Citizen Benefits: Enjoy an additional 0.40% interest rate benefit if you are aged 60 years and above.
- Tax Saving FD Option: Claim deductions under Section 80C with the 5-year tax saving FD.
- Loan Against FD: Avail up to 90% of FD value as loan without breaking your deposit.
- No Penalty on Specific Withdrawals: Benefit from no penalty on premature withdrawal of select tenures.
- Fully Digital Process: Open and manage your FD online, ensuring speed and ease.
Additionally, you can explore the Torus Digital 3-in-1 Account, integrating savings account, trading account, and demat account into one platform for seamless financial management.
About Suryoday Small Finance Bank
Suryoday Small Finance Bank (SSFB) began its journey as a microfinance institution in November 2008 and transitioned into a Small Finance Bank in January 2017 after receiving its banking licence. With a strong foundation in inclusive banking, SSFB today powers next-gen digital fixed deposit solutions through platforms like Torus Digital, offering customers high returns with security and digital ease.
Tax on Fixed Deposit: Torus Digital vs YES Bank
Understanding the tax implications on your fixed deposit helps in planning effective post-tax returns. Here is a clear comparison:
| Aspect Aspect | Tax Saving FD YES Tax FD YES | Tax Saving FD Torus Digital Tax FD Torus |
|---|---|---|
| Lock-in Period (Tax Saving FD) | 5 years | 5 years |
| Interest Rate | 7.00% p.a. | 8.40% p.a. |
| Senior Citizen Interest Rate | 7.75% p.a. | 8.40% p.a. |
| Section 80C Eligibility | Eligible for deductions up to ₹1.5 lakh | Eligible for deductions up to ₹1.5 lakh |
Other Tax Aspects (Same for Both Torus Digital and YES Bank):
- TDS Applicability: Deducted as per IT rules if interest exceeds ₹40,000 (₹50,000 for senior citizens).
- Tax Treatment: Interest is taxable under ‘Income from Other Sources’.
- Form 15G/15H Submission: Can be submitted to avoid TDS if eligible as per income tax rules.
Frequently Asked Questions
1. What is the minimum amount required to start an FD with YES Bank?
- YES Bank requires a minimum of ₹10,000 to open a YES Bank fixed deposit account, with flexible tenure options. Torus Digital FDs start from ₹1,000.
2. What is the maximum difference between FD interest rates for general citizens and senior citizens?
- Resident senior citizens earn additional interest of 0.50% for tenure less than 3 years and 0.75% p.a. for tenure of 3 years and above on FDs below ₹5 crore.
3. What is the highest rate of interest offered by YES Bank on its Fixed Deposit?
- YES Bank offers a maximum YES Bank FD interest rate of 7.00% p.a. for general citizens and 7.75% p.a. for senior citizens.
4. Is TDS applicable on an FD account?
- Yes, TDS is deducted on YES Bank FD accounts if interest earnings exceed ₹40,000 for regular citizens and ₹50,000 for senior citizens in a financial year.
5. Does YES Bank offer the premature withdrawal facility?
- Yes. For FDs below ₹5 crore, the penalty is 0.75% for up to 181 days and 1.00% for 182 days and above, applied on the applicable interest rate.
6. What are the tenure options available for YES Bank FD?
- YES Bank FD tenures range from 7 days to 10 years.
