Amid current financial climate private lender Yes Bank has launched an overdraft facility for its fixed deposit (FD) customers. The customers can apply for the OD through its digital channels Yes Mobile and Yes Robot.
The best part is the low rate of interest for customers who are currently facing unprecedented cash crunch amidst COVID 19 subsequent lockdowns.The applicable interest rate on OD will be 2% for individuals and 1% for senior citizen customers. The facility is available to customers having YES Bank FDs ranging between Rs 50,000 to Rs 1 crore for 181 days or more.
How to apply for the Yes Fixed Deposit OD?
Here are the steps:
1. Login to Yes Mobile or visit official website and chat with Yes Robot.
2. Click on ‘pre-approved offers’ or ‘exclusive offers.’
3. You will see the available offers for your profile.
4. Select the OD offer and apply.
5. The sanctioned OD will be disbursed in one day.
The present FD rate at Yes Bank is 6.75% interest rate for nine months to one year tenure. This is one of the best rates being offered by any of the leading banks.
After recent Yes Bank rating slide, its CASA ratio has fell to 26.6% at the end of March from 33.1% a year ago. The bank is hoping to restore depositors’ confidence and raise the CASA ratio to above 40% in next 3 years.
Updated On Jun 30, 2026
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Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
