Yes bank cuts deposit rates by 0.75per cent

Mumbai-based private bank, Yes Bank, has reduced interest rates on its deposits by 0.75 per cent. In conformance to the above cut, the interest rate on deposits for one to two years will be 9.5 per cent as against 10.25 per cent. For senior citizens, the same will be 9.75 per cent. In the case of deposits for two to three years, the rate will be 8.75 per cent against the earlier 9.5 per cent.