Wednesday, 16 August 2017

Yes Bank revises savings bank account interest rate

Yes Bank, India’s fifth largest private sector bank, has announced changes in its savings deposits interest rates slabs for resident and non-resident customers.

The revised rates will be effective from September 1, 2017, said the bank in a BSE filing on Thursday post market hours.

As per revised rates, 5% interest will be given for savings balance of less than Rs 1 lakh as against the previous rate of 6% per annum and 6.25% interest will be given for savings balance of Rs 1 crore and above as against the previous rate of 6.5% per annum.

The interest rate for savings balance of Rs 1 lakh to less than Rs 1 crore remained unchanged at 6% per annum.

Yes Bank was trading at Rs 1767.15 per share, up by Rs 5.70 or 0.32% as at 0932 hours on Thursday, on the BSE. It has 52-week high at Rs 1,860 (July 28,2017) and 52-week low at Rs 1,091.25 (December 26, 2016)..
 
 

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