FD Interest Rates Up to 8.05%: 4 Banks That Revised Fixed Deposit Rates in June 2026
Fixed deposit investors are closely monitoring their options after the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 5.5% during its latest Monetary Policy Committee (MPC) meeting on June 5, 2026. With the central bank maintaining its stable stance, several commercial and small finance banks have quickly revised their fixed deposit (FD) interest rates to attract retail capital.
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For savers looking to lock in high returns, select tenures now yield up to 8.05% for senior citizens. Punjab National Bank (PNB), Ujjivan Small Finance Bank, Union Bank of India, and DCB Bank are among the key lenders driving these fresh June updates.
At a Glance: Peak FD Rates and Tenures
If you want to secure the maximum possible yield on domestic retail deposits (under ₹3 crore), focus your investments on these specific maturities:
| Bank | Highest General Rate | Highest Senior Citizen Rate (60+) | Highest Super Senior Rate | Peak Benefit Tenure | Effective Date |
| Ujjivan SFB | 7.55% | 8.05% | — | 3 Years 1 Day to 3 Years 6 Months | June 5, 2026 |
| DCB Bank | 7.50% | 8.00% | 8.05% (Age 70+) | 24 to <25 Months / 34 to <35 Months | June 1, 2026 |
| Union Bank of India | 6.65% | 7.15% | — | 555 Days | June 1, 2026 |
| Punjab National Bank | 6.60% | 7.10% | 7.40% (Age 80+) | 444 Days | June 1, 2026 |
In-Depth Bank Review & Rate Cards
1. Ujjivan Small Finance Bank
Effective June 5, 2026, Ujjivan Small Finance Bank offers competitive yields reaching up to 7.55% for regular depositors and crossing the 8% threshold for senior citizens.
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Maximum Yield Bracket: General citizens earn 7.55% and senior citizens earn 8.05% on maturities spanning 3 Years 1 Day to 3 Years 6 Months.
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Short-to-Medium Horizon: Investors looking for a shorter commitment can lock in 7.25% for tenures between 1 year and less than 2 years.
| Tenure | General Public Rate (p.a.) | Senior Citizen Rate (p.a.) |
| 7 days to 29 days | 3.50% | 4.00% |
| 30 days to 89 days | 4.15% | 4.65% |
| 90 days to 179 days | 4.65% | 5.15% |
| 180 days | 6.00% | 6.50% |
| 6 months to less than 1 Year | 5.50% | 6.00% |
| 1 Year to less than 2 Years | 7.25% | 7.75% |
| 2 Years | 7.40% | 7.90% |
| 2 Years 1 Day to 3 Years | 7.25% | 7.75% |
| 3 Years 1 Day to 3 Years 6 Months | 7.55% (Peak) | 8.05% (Peak) |
| More than 3 Years 6 months to 5 Years | 7.20% | 7.70% |
| 5 Years 1 day | 7.30% | 7.80% |
| 5 Years 2 Days to 10 Years | 6.50% | 7.00% |
2. DCB Bank
DCB Bank’s revised interest rates went into effect on June 1, 2026. The lender features a unique “Senior Citizens Plus” bracket for individuals aged 70 and above, matching the market’s peak return of 8.05%.
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The Triple Milestone Sweet Spots: Peak rates apply to three distinct buckets: 24 to less than 25 months, 34 to less than 35 months, and 60 to 61 months.
| Tenure | General Public (% p.a.) | Senior Citizens (60 to <70 Yrs) | Senior Citizens Plus (70+ Yrs) |
| 7 days to 45 days | 3.75% | 4.00% | 4.00% |
| 46 days to 90 days | 4.50% | 4.75% | 4.75% |
| 91 days to less than 6 months | 4.75% | 5.00% | 5.00% |
| 6 months to less than 10 months | 6.00% | 6.25% | 6.25% |
| 10 months to less than 12 months | 6.50% | 6.75% | 6.75% |
| 12 months to less than 15 months | 6.90% | 7.15% | 7.15% |
| 15 months to less than 16 months | 7.00% | 7.50% | 7.50% |
| 16 months to less than 24 months | 6.90% | 7.15% | 7.15% |
| 24 months to less than 25 months | 7.50% | 8.00% | 8.05% |
| 25 months to less than 27 months | 6.90% | 7.15% | 7.15% |
| 27 months to less than 34 months | 7.00% | 7.25% | 7.25% |
| 34 months to less than 35 months | 7.50% | 8.00% | 8.05% |
| 35 months to less than 37 months | 7.00% | 7.25% | 7.25% |
| 37 months to 38 months | 7.10% | 7.60% | 7.65% |
| More than 38 months to less than 60 months | 7.00% | 7.25% | 7.25% |
| 60 months to 61 months | 7.50% | 8.00% | 8.05% |
| More than 61 months to 120 months | 7.00% | 7.25% | 7.25% |
3. Union Bank of India
Public sector lender Union Bank of India altered its interest schedule effective June 1, 2026.
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Maturity Sweet Spot: Rather than offering broad tenure ranges, Union Bank peaks at a high-yield configuration exactly at the 555 Days mark, giving standard depositors a solid 6.65% and senior citizens 7.15%.
| Chosen Window | Revised Interest Rate (< ₹3 Crore) |
| 7–14 Days | 2.70% |
| 15–30 Days | 2.80% |
| 31–45 Days | 3.00% |
| 46–90 Days | 4.00% |
| 91–120 Days | 4.30% |
| 121–180 Days | 4.75% |
| 181–270 Days | 5.40% |
| 271–364 Days | 5.60% |
| 1 Year to 399 days | 6.20% |
| 400 Days to 443 Days | 6.25% |
| 444 Days | 6.50% |
| 445 Days to 554 Days | 6.15% |
| 555 Days | 6.65% (General) / 7.15% (Senior Citizen) |
| 556 Days to 996 days | 6.15% |
| 997 Days | 6.19% |
| 998 Days to 3 Years | 6.10% |
| More than 3 Years to 10 Years | 6.00% |
4. Punjab National Bank (PNB)
Punjab National Bank rolled out its updated domestic retail deposit rates on June 1, 2026. PNB splits its age-based incentives into three categories: standard public, senior citizens (ages 60 to 79), and super senior citizens (ages 80 and up).
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Special Tenure: The highest return across all three categories lands squarely on the 444-day fixed deposit. Super senior citizens can hit a maximum yield of 7.40% here.
| Deposit Maturity Period | Public Rate | Senior Citizen (60-79) | Super Senior (80+) |
| 7 to 45 Days | 3.00% | 3.50% | 3.80% |
| 46 to 90 Days | 4.50% | 5.00% | 5.30% |
| 91 to 179 Days | 4.90% | 5.40% | 5.70% |
| 180 to 302 Days | 5.60% | 6.10% | 6.40% |
| 303 Days | 5.55% | 6.05% | 6.35% |
| 304 Days to less than 1 Year | 5.60% | 6.10% | 6.40% |
| 1 Year | 6.25% | 6.75% | 7.05% |
| More than 1 Year to 443 Days | 6.30% | 6.80% | 7.10% |
| 444 Days | 6.60% | 7.10% | 7.40% |
| 445 Days to 665 Days | 6.30% | 6.80% | 7.10% |
| 666 Days | 6.50% | 7.00% | 7.30% |
| 667 Days to 2 Years | 6.30% | 6.80% | 7.10% |
| More than 2 Years to 3 Years | 6.30% | 6.80% | 7.10% |
| More than 3 Years to 5 Years | 6.35% | 6.85% | 7.15% |
| More than 5 Years to 10 Years | 6.00% | 6.80% | 6.80% |
Key Summary for Investors: While major public sector banks like PNB and Union Bank offer stability and strong mid-term options hovering between 6.60% and 7.15%, small finance private structures (like Ujjivan and DCB) are actively using this post-MPC window to offer premium milestones at 8.00% and 8.05%. Savers should map out their near-term liquidity requirements against these specific milestone days to secure optimal compound interest growth.
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