Yes Bank raises savings deposit rate to 6%

Private sector lender YES Bank said on Tuesday it has raised savings deposit rate for all savings accounts by 200 basis points to 6%.

It has also raised base rate by 25 basis points to 10.5%, effective immediately, it said in a press release.

Earlier in the day, the Reserve Bank of India (RBI) deregulated savings deposit rates, its last administered bank rate.

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