Yes Bank introduces repo-linked FDs; Here's how they work
Updated: 21 Jun 2022, 08:40 PM IST
TL;DR.In a statement, Yes Bank said its new offering will allow customers to enjoy dynamic returns on their fixed deposits (FDs) as the rate of interest will be linked to the prevailing repo rate.
FILE PHOTO: An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. REUTERS/Adnan Abidi