FD Rates: Amidst the current market uncertainty, considering fixed deposits (FDs) might be a more secure investment option. Notably, Union Bank of India, DCB Bank, and Indian Bank have recently updated their FD rates. DCB Bank now offers the highest return of 7.50 percent to regular investors.
Union Bank FD Rates:
The public sector bank provides FDs ranging from 7 days to 10 years, with interest rates varying from 2.70% to 6.55%. The revised rates took effect on August 4, 2026, with 6.55% interest for 555-day deposits and 6.50% for 444-day deposits.
DCB Bank FD Rates:
DCB Bank also introduced new rates on August 4, 2026, offering interest from 3.75% to 7.50% on FDs for general customers. The highest rate of 7.50% is for 24-month deposits. Senior citizens aged 60 to under 70 receive 8%, while those 70 and older receive 8.05%.
Indian Bank FD Rates:
Indian Bank’s interest rates range from 2.80% to 6.60% for regular customers, with 6.65% for 555-day FDs. Senior citizens earn up to 7.15%, and super senior citizens receive up to 7.40% interest.
Small finance banks are currently providing the most competitive interest rates, reaching up to 8.10% for investments of Rs 10 lakh. The following banks are offering these rates until August 2026:
1. Suryoday Small Finance Bank: Interest rates up to 8.10%.
2. Utkarsh Small Finance Bank: Interest rates up to 8.10%.
3. Shivalik Small Finance Bank: Interest rates up to 8%.
4. Jana Small Finance Bank: Interest rates up to 8%.
5. Equitas Small Finance Bank: Interest rates up to 8%.
6. Ujjivan Small Finance Bank: Interest rates up to 7.80%.
7. Slice Small Finance Bank: Interest rates up to 7.75%.
Private banks are also offering competitive interest rates for various tenures, with the highest being 7.50%. Here are some of the rates available:
1. DCB Bank: Interest rates up to 7.50%.
2. Bandhan Bank: Interest rates up to 7.45%.
3. IDFC FIRST Bank: Interest rates up to 7.25%.
4. Kotak Mahindra Bank: Interest rates up to 6.80%.
5. Axis Bank: Interest rates up to 6.50%.
6. HDFC Bank: Interest rates up to 6.50%.
7. ICICI Bank: Interest rates up to 6.50%.
For those seeking stable and secure returns, government banks are a reliable option. Public sector banks like Punjab & Sind Bank and Bank of India are currently offering attractive interest rates on Fixed Deposits (FDs) to their customers:
1. Punjab & Sind Bank: Interest rates up to 6.85%.
2. Bank of India: Interest rates up to 6.85%.
3. Central Bank of India: Interest rates up to 6.75%.
4. Bank of Baroda: Interest rates up to 6.75%.
5. Indian Bank: Interest rates up to 6.65%.
6. Punjab National Bank: Interest rates up to 6.60%.
7. State Bank of India: Interest rates up to 6.45%.