FD interest rate up to 8.05%: Check the June changes
Fixed deposit investors are closely watching interest rates after the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 5.5% in its latest monetary policy committee (MPC) meeting today (Friday, June 5, 2026). Several banks have already revised their fixed deposit (FD) interest rates in June 2026.
For savers looking to lock in attractive returns, some banks are offering up to 8% interest to senior citizens on select tenures. Punjab National Bank (PNB), Ujjivan Small Finance Bank, Union Bank of India and DCB Bank are among the lenders that have revised their FD rates this month.
Here's a look at the latest FD interest rates for general and senior citizens available at PNB, Ujjivan Small Finance Bank, Union Bank of India and DCB Bank.
PNB FD interest rates
Punjab National Bank (PNB) offers fixed deposit (FD) interest rates ranging from 3% to 6.6% for general citizens on deposits below Rs 3 crore. Senior citizens receive an additional 0.50% over the applicable rate. So, senior citizens can earn a maximum interest rate of 7.10% on FDs with a tenure of 444 days.
Super senior citizens (aged 80 years and above) are eligible for an additional benefit and can earn up to 7.40% interest on the same 444-day tenure. These revised FD interest rates are effective from June 1, 2026.
Ujjivan Small Finance Bank FD interest rates
Ujjivan Small Finance Bank offers FD interest rates ranging from 3.50% to 7.55% per annum for general citizens on deposits below Rs 3 crore. The highest interest rate of 7.55% is available on select tenures.
Senior citizens are eligible for an additional interest rate of 0.50% per annum. As a result, they can earn up to 8.05% interest on fixed deposits tenures of 3 years 1 day to 3 years 6 months. The revised FD interest rates are effective from June 5, 2026.
Union Bank of India FD interest rates
Union Bank of India offers FD interest rates in the range of 2.70% and 6.65% for general citizens for amounts below Rs 3 crore. The additional rate component, applicable to resident senior citizen deposits, is 0.50% over the applicable date. So senior citizens will earn the highest FD interest rate of 7.15% on a tenure of 555 days. The rates are effective from June 1, 2026.
DCB Bank FD interest rates
DCB Bank offers fixed deposit (FD) interest rates ranging from 3.75% to 7.50% per annum for general citizens on deposits below Rs 3 crore. Senior citizens are eligible for an additional 0.50% over the applicable rate. As a result, senior citizens will earn a highest FD interest rate of 8.00% on deposits of 24 months to less than 25 months.
Super senior citizens (aged 70 years and above) receive an additional benefit and can earn up to 8.05% interest on the same tenure. These interest rates are effective from June 1, 2026.
For savers looking to lock in attractive returns, some banks are offering up to 8% interest to senior citizens on select tenures. Punjab National Bank (PNB), Ujjivan Small Finance Bank, Union Bank of India and DCB Bank are among the lenders that have revised their FD rates this month.
Here's a look at the latest FD interest rates for general and senior citizens available at PNB, Ujjivan Small Finance Bank, Union Bank of India and DCB Bank.
PNB FD interest rates
Punjab National Bank (PNB) offers fixed deposit (FD) interest rates ranging from 3% to 6.6% for general citizens on deposits below Rs 3 crore. Senior citizens receive an additional 0.50% over the applicable rate. So, senior citizens can earn a maximum interest rate of 7.10% on FDs with a tenure of 444 days.
Super senior citizens (aged 80 years and above) are eligible for an additional benefit and can earn up to 7.40% interest on the same 444-day tenure. These revised FD interest rates are effective from June 1, 2026.
Ujjivan Small Finance Bank FD interest rates
Ujjivan Small Finance Bank offers FD interest rates ranging from 3.50% to 7.55% per annum for general citizens on deposits below Rs 3 crore. The highest interest rate of 7.55% is available on select tenures.
Senior citizens are eligible for an additional interest rate of 0.50% per annum. As a result, they can earn up to 8.05% interest on fixed deposits tenures of 3 years 1 day to 3 years 6 months. The revised FD interest rates are effective from June 5, 2026.
Union Bank of India FD interest rates
Union Bank of India offers FD interest rates in the range of 2.70% and 6.65% for general citizens for amounts below Rs 3 crore. The additional rate component, applicable to resident senior citizen deposits, is 0.50% over the applicable date. So senior citizens will earn the highest FD interest rate of 7.15% on a tenure of 555 days. The rates are effective from June 1, 2026.
DCB Bank FD interest rates
DCB Bank offers fixed deposit (FD) interest rates ranging from 3.75% to 7.50% per annum for general citizens on deposits below Rs 3 crore. Senior citizens are eligible for an additional 0.50% over the applicable rate. As a result, senior citizens will earn a highest FD interest rate of 8.00% on deposits of 24 months to less than 25 months.
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