Senior citizens can get up to 8.25% fixed deposit interest in June 2026; here's what top banks offer

Senior citizens being conservative investor class prefer traditional investment avenues like bank fixed deposits and small savings schemes. These investments, while preserving their capital, offer assured and steady returns over time. So, as banks keep on revising fixed deposit (FD) rates based on broader macros, this article discusses the FD rates of some top banks on offer for senior citizens as well as general citizens in June 2026.

Notably, even as inflationary concerns persisted, the Reserve Bank of India in its June MPC review held the repo rate steady and maintained a ‘neutral stance’. Nonetheless, if the geo-political tensions persist going ahead and oil-driven costs continue to hurt, the country’s central bank may resort to a rate hike given the already raised inflation outlook.

FD rates share a direct relationship with the repo rate. This simply means in the higher policy rate regime banks pay a higher rate of interest to RBI for the borrowed money (repo rate). And to make up for it, it tries and woos depositors by increasing the FD interest rate. So, FD rate generally trends higher when the RBI increases repo rate.

Below we discuss the current bank FD interest rates as of June 10, 2026

FD rates across public sector banks

The highest rates are typically offered in case of special deposits with a special tenure. Also the above FD rates are for FD denominations below ₹3 crore.

FD rates across private sector banks

Notably among private sector banks, Kotak Mahindra Bank has revised the rates from today itself, while some other banks like Yes Bank have also made the revision in June 2026.

FD rates across small finance banks

Among small finance banks, AU Small Finance Bank has hiked interest rate on bank FD effective June 10, 2026.

From the above, it is clear that general citizens currently get the highest interest rate of 8.1% per annum offered by Jana Small Finance Bank. Senior citizens, on the other hand, can get the highest rate of 8.25% at Equitas and Utkarsh small finance banks.