Compounds belonging to the R 2 Fe 3 Si 5 series exhibit unusual superconducting and magnetic properties. Although a number of studies have been made on the first reentrant antiferromagnet superconductor Tm 2 Fe 3 Si 5 , the physical properties of Yb 2 Fe 3 Si 5 are largely unexplored. In this work, we attempt to provide a comprehensive study of bulk properties such as, resistivity, susceptibility and heat-capacity of a well characterized polycrystalline Yb 2 Fe 3 Si 5 .Our measurements indicate that Yb 3+ moments order antiferromagnetically below 1.7 K. Moreover, the system behaves as a Kondo lattice with large Sommerfeld coefficient (γ) of 0.5 J/Yb mol K 2 at 0.3 K, which is well below T N . The absence of superconductivity in Yb 2 Fe 3 Si 5 down to 0.3 K at ambient pressure is attributed to the presence of the Kondo effect.Ms number