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4 banks that revised fixed deposit interest rates in June 2026
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7 min read | Updated on June 22, 2026, 10:30 IST
SUMMARY
The bank raised the rate from 7.0% to 7.25% for 18 months 1 day to less than 24 months.
the RBI temporarily removed the interest rate ceiling on fresh FCNR(B) and NRE deposits until September 30, 2026. | Image: Shutterstock
Earlier this month, the Reserve Bank of India (RBI) maintained status quo, keeping the repo rate unchanged at 5.25% even as inflationary concerns persisted. While the RBI also retained its 'neutral' stance, some banks have revised their deposit rates.
Banks generally raise interest rates when borrowing costs for them increases by way of an increase in the repo rate. Repo rate is the rate at which the Reserve Bank of India lends money to commercial banks in India.
Here are the banks that revised their deposit rates in June 2026:
Yes Bank
Yes Bank revised its FD rates on June 2. The private sector lender offers its highest FD rate for deposits with a tenure of 18 months and 1 day to less than 24 months. The bank raised the rate from 7.0% to 7.25% for 18 months 1 day to less than 24 months.
| Period | Regular Customers | Senior Citizens |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 180 days | 4.75% | 5.25% |
| 181 days to 271 days | 6.00% | 6.50% |
| 272 days to 335 days | 6.25% | 6.75% |
| 336 days to less than 12 months | 6.50% | 7.00% |
| 12 months | 6.65% | 7.15% |
| 12 months 1 day to less than 18 months | 6.75% | 7.25% |
| 18 months | 6.75% | 7.25% |
| 18 months 1 day to less than 24 months | 7.25% | 7.75% |
| 24 months to less than 35 months | 7.00% | 7.50% |
| 35 months | 6.90% | 7.40% |
| 35 months 1 day to less than 36 months | 7.00% | 7.50% |
| 36 months to less than 60 months | 7.00% | 7.75% |
| 60 months | 6.75% | 7.50% |
| 60 months 1 day to 120 months | 6.75% | 7.50% |
DCB Bank
DCB Bank revised its FD rates on June 1. The bank offers its highest interest rate of 7.5% to general customers across multiple tenures, as shown in the table below.
| Tenure | General (% p.a.) | Senior Citizens (60–<70 years) (% p.a.) | Senior Citizens Plus (70 years & above) (% p.a.) |
|---|---|---|---|
| 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% |
Union Bank of India
Depositors at Union Bank of India can earn an interest rate of 6.65% on FDs with a tenure of 555 days. The bank made the revision in interest rate across tenures.
| Tenure | Revised Interest Rate (% p.a.) |
|---|---|
| 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 | 6.25% |
| 401–443 Days | 6.25% |
| 444 Days | 6.50% |
| 445–554 Days | 6.15% |
| 555 Days | 6.65% |
| 556–996 Days | 6.15% |
| 997 Days | 6.10% |
| 998 Days to 3 Years | 6.10% |
| More than 3 Years to 10 Years | 6.00% |
Punjab National Bank
Punjab National Bank (PNB) offers its highest FD rate of 6.6% for a tenure of 444 days. Senior citizens and super senior citizens during the similar tenure get 7.1% and 7.4% per annum interest rate.
Earlier, 1-year FD provided an interest rate of 6.1%. For 390 days FD, the bank lowered the rate by 0.1%.
| Period | Public (%) | Senior Citizens (%) | Super Senior Citizens (%) |
|---|---|---|---|
| 7 to 14 Days | 3 | 3.5 | 3.8 |
| 15 to 45 Days | 3 | 3.5 | 3.8 |
| 46 to 90 Days | 4.5 | 5 | 5.3 |
| 91 to 154 Days | 4.9 | 5.4 | 5.7 |
| 155 Days | 5.55 | 6.05 | 6.35 |
| 156 to 179 Days | 4.9 | 5.4 | 5.7 |
| 180 to 270 Days | 5.6 | 6.1 | 6.4 |
| 271 to 302 Days | 5.6 | 6.1 | 6.4 |
| 303 Days | 5.55 | 6.05 | 6.35 |
| 304 Days to less than 1 Year | 5.6 | 6.1 | 6.4 |
| 1 Year | 6.25 | 6.75 | 7.05 |
| More than 1 Year to 389 Days | 6.3 | 6.8 | 7.1 |
| 390 Days | 6.3 | 6.8 | 7.1 |
| 391 to 443 Days | 6.3 | 6.8 | 7.1 |
| 444 Days | 6.6 | 7.1 | 7.4 |
| 445 to 665 Days | 6.3 | 6.8 | 7.1 |
| 666 Days | 6.5 | 7 | 7.3 |
| 667 Days to 2 Years | 6.3 | 6.8 | 7.1 |
| More than 2 Years to 3 Years | 6.3 | 6.8 | 7.1 |
| More than 3 Years to 1,203 Days | 6.35 | 6.85 | 7.15 |
| 1,204 Days | 6.3 | 6.8 | 7.1 |
| 1,205 Days to 5 Years | 6.35 | 6.85 | 7.15 |
| More than 5 Years to 10 Years | 6 | 6.8 | 6.8 |
Taking into account the above revisions by both private and public sector banks, general customers can earn up to 7.5% per annum on fixed deposits. Senior citizens can earn up to 50 basis points more, depending on the bank and tenure.
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