25 Oct 2011 was a date with History as RBI deregulated the savings rate and in the lead was Yes bank which made 6% as the rate of interest for deposits below 1 Lakh and now it has gone a step further by making interest rates as 7% for deposits above 1 Lakh in the savings account.
For the non-resident savings accounts, the lender has raised the interest rates by 200 basis points to 6 per cent for balance up to Rs 1 lakh and by 300 basis points to 7 per cent for over Rs 1 lakh balance, it added.
No doubt these rates of returns in Yes bank can definitely help a retail investor beat the inflation. Keep going great under the leadership of Mr Rana Kapoor who is CEO and Managing director of Yes bank. This is the reason we have ranked Yes bank among our Top 10 stocks to buy now in India.
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