RBI Holds Repo Rate At 5.5%: Check These Banks Offering FD Interest Rates Up To 8.05%

The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged at 5.5% in its latest Monetary Policy Committee (MPC) meeting has come as a relief for fixed deposit (FD) investors. With no immediate rate cut on the horizon, depositors need not worry about a sharp decline in FD interest rates in the near term.

For investors looking to lock in their savings at attractive rates, several banks continue to offer competitive returns. Some banks are currently offering FD interest rates of up to 8.05% on select tenures for senior citizens, including Punjab National Bank, Ujjivan Small Finance Bank, Union Bank of India, and DCB Bank, which revised their FD interest rates in June even before the RBI's policy announcement.

Here's a look at the latest FD rates offered by these banks for general and senior citizens.

PNB FD interest rates

Punjab National Bank (PNB) offers FD interest rates ranging from 3% to 6.60% per annum for deposits below Rs 3 crore. Senior citizens receive an additional 0.50 percentage points over the applicable rate. As a result, 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% on the same tenure.

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.

Senior citizens are eligible for an additional 0.50 percentage points, taking the highest FD rate to 8.05% per annum on tenures ranging from 3 years 1 day to 3 years 6 months. The revised interest rates came into effect on June 5, 2026, making Ujjivan one of the highest-paying banks for senior citizen FD investors at present.

Union Bank of India FD interest rates

Union Bank of India offers FD interest rates between 2.70% and 6.65% per annum for deposits below Rs 3 crore. Resident senior citizens receive an additional 0.50 percentage points over the applicable rate. Accordingly, the highest interest rate available to senior citizens is 7.15% on FDs with a tenure of 555 days.

DCB Bank FD interest rates

DCB Bank offers FD interest rates ranging from 3.75% to 7.50% per annum for general citizens on deposits below Rs 3 crore. Senior citizens receive an additional 0.50 percentage points, enabling them to earn up to 8.00% interest on deposits with tenures of 24 months to less than 25 months. The bank also offers extra benefits to super senior citizens aged 70 years and above, who can earn up to 8.05% interest on the same tenure.

With the RBI maintaining the repo rate at 5.5%, banks are unlikely to make any immediate, significant cuts to deposit rates. Investors seeking stable returns may consider locking in higher FD rates now, particularly if they expect interest rates to soften later in the year.