YES BANK  LAUNCHES A FIXED DEPOSIT LINKED TO REPO RATE ,  WITH MARK UP of 1.1 - 1.6 %

 The private sector YES Bank  has introduced a fixed deposit product which is linked with the repo rate . It offer 6 % interest rate for deposits over 1year . RBI is  expected to increase the repo rate to tackle the  economy .It also raised the interest of  standard fixed deposit at 6.5 percent for regular customers and 7.25 percent for senior citizens.