FD Rates for Senior Citizens Revised: SBI, Indian Bank, Yes Bank, Ujjivan SFB and Others Offer Up to 8.05%

Senior citizens looking for safe and predictable returns may have fresh options to consider. Several banks have revised their fixed deposit (FD) interest rates in recent days, with some institutions now offering returns of up to 8.05% on select tenures.

Latest Senior Citizen FD Rates After RBI Repo Rate Decision: Banks Offer Up to 8.05% Interest

The latest revisions come shortly after the Reserve Bank of India (RBI) announced its monetary policy decision on June 5, 2026, keeping the benchmark repo rate unchanged. While interest rates remain stable overall, a number of banks have updated their FD offerings for senior citizens on callable deposits below Rs 3 crore.

For retirees and conservative investors, fixed deposits continue to be one of the most preferred investment avenues due to capital protection, assured returns and flexible tenure options.

Indian Bank and Union Bank Revise FD Rates

Public sector lenders Indian Bank and Union Bank have announced revised FD rates for senior citizens. Indian Bank updated its rates on June 5, while Union Bank implemented changes from June 1.

Indian Bank Latest FD Rates for Senior Citizens (effective June 5):

1-year FD: 6.60%
500-day FD: 6.90%
555-day FD: 7.30%
777-day FD: 7.25%

Union Bank Latest FD Rates (effective June 1):

444-day FD: 7.00%
555-day FD: 7.15%

Highest Interest Rates in FD: DCB, Yes Bank & More Offer Higher Returns

Private sector lenders DCB Bank and Yes Bank are among those offering some of the highest rates in the segment. DCB Bank's revised rates became effective on June 1, while Yes Bank's rates are applicable from June 2.

DCB Bank FD Interest Rates (effective June 1):

15 to 16 months: 7.50%
24 to 25 months: 8.00%
34 to 35 months: 8.00%

Yes Bank FD Interest Rates (effective June 2):

18 to 24 months: 7.75%
36 to 60 months: 7.75%

Federal Bank's Updated FD Rates

Federal Bank revised its fixed deposit interest rates for senior citizens on June 3. Under the latest rates, the bank is offering 7.30% interest on a 15-month FD and 7.25% on a 36-month FD.

IndusInd Bank's Updated FD Rates

IndusInd Bank's revised FD rates came into effect on June 1. Senior citizens can earn 7.75% interest on deposits with a tenure of 2 to 3 years, while a 1.5-year FD offers an interest rate of 7.40%.

Jana Small Finance Bank's Latest FD Rates

Jana Small Finance Bank revised its FD rates for senior citizens on June 2 and continues to offer some of the highest returns in the market. The bank is providing 8.00% interest on deposits with tenures ranging from 2 to 3 years as well as 3 to 5 years.

Ujjivan Small Finance Bank's Revised FD Rates

Ujjivan Small Finance Bank updated its FD rates on June 5. The bank offers 7.90% interest on a 2-year fixed deposit, while senior citizens can earn up to 8.05% on deposits with a tenure of 3 to 3.5 years, the highest rate among the banks listed.

SBI FD Rates: Check Latest Interest Rates for Senior Citizens

India's largest lender, State Bank of India (SBI), continues to offer competitive rates for senior citizens, although returns remain below those offered by some private and small finance banks.

1-year FD: 6.75%
3-year FD: 6.80%
5-year FD: 7.05%
10-year FD: 7.05%

Which Bank Is Offering the Highest FD Rate?

Based on the latest revisions, Ujjivan Small Finance Bank is offering the highest interest rate among the banks listed, with senior citizens earning up to 8.05% on deposits with a tenure of 3 to 3.5 years.

Jana Small Finance Bank and DCB Bank are close behind, offering up to 8.00% interest on select tenures.

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