YES Bank hikes 3-5 year FCNR(B) deposit rates by up to 285 bps to 6.50-6.60%
This story was originally published at 14:45 IST on 11 June 2026
Register to read our real-time news.Informist, Thursday, Jun. 11, 2026
--YES Bank raises 3-5 year FCNR(B) deposit rates by up to 285 bps
--YES Bank raises 3-5 year FCNR(B) deposit rates to 6.50-6.60%
NEW DELHI – YES Bank has raised its interest rates on foreign currency non-resident dollar-denominated bank deposits for three to five-year tenures by up to 285 basis points to 6.50-6.60%, effective Thursday, the lender said in a press release. The bank kept the rates unchanged for up to three-year deposits.
Multiple banks have revised FCNR(B) deposit rates after the Reserve Bank of India Friday announced a US dollar-rupee swap facility for fresh FCNR(B) deposits, mobilised for a minimum tenor of three years and maximum tenor of five years. The central bank has allowed banks to price these deposits as per their internal policy, but within the overall regulatory ceiling.
YES Bank's net profit for the March quarter was INR 10.68 billion and total income was INR 93.81 billion. At 1428 IST, shares of the bank traded over 1% lower at INR 22.31 on the National Stock Exchange.
YES Bank's FCNR(B) deposit rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| One-up to two year | 4.50 | 4.50 |
| Two-up to three year | 4.00 | 4.00 |
| Three-up to four year | 6.50 | 4.00 |
| Four-up to five year | 6.55 | 3.75 |
| Five year | 6.60 | 3.75 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Pratiksha
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
