Yes Bank, India's new-age private sector bank, has announced an increase in its prime lending rate (PLR) by 50 basis points (bps) and an increase in fixed deposits interest rates to earn a higher return of 9.50% p a (previously 9%) while senior citizens will earn an attractive return of 10.00% p a (previously 9.5%).


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The scheme is open to both existing and potential customers of the Bank. Yes Bank currently has 67 branches. The Bank has additional licenses to open 50 new branches nationally (currently under implementation), taking the total branch network to 117 branches by September/ October 2008. </P>
</p><p class='TableClas'>The Fixed Deposits can also be auto-renewed ensuring that the Fixed Deposit will be rolled over for a similar period at the interest rate applicable on the date of renewal. If the deposits are prematurely withdrawn, the interest rate prevailing at the date of deposit, for the period for which the deposit was with the Bank shall be payable. </P></p></table>


Yes Bank announces an increase in PLR

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