4 days ago
Special August 2026 FDs Offer Varied Rates and Terms
Banks are offering different interest rates on fixed deposits in August 2026.
DCB Bank has the highest listed rate for regular customers at 7.50%.
Its senior-citizen rate can reach 8.05%.
Indian Bank offers a special 555-day deposit with a rate of 6.65% for regular customers.
Federal Bank offers 6.70% for a 48-month deposit.
Union Bank of India has several special deposit periods, including 400, 444 and 555 days.
Some deposits can be withdrawn early, while others may not allow this.
Eligible deposits are generally insured up to ₹5 lakh per depositor per bank under applicable DICGC rules.
Savers should check all the conditions before choosing a deposit.
DCB Bank offers the highest listed general-customer rate at 7.50% and up to 8.05% for senior citizens.
Indian Bank’s 555-day Ind Grow FD offers 6.65% to general customers and up to 7.15% to senior citizens.
Federal Bank offers up to 6.70% for general customers and 7.20% for senior citizens on 48-month deposits.
Union Bank of India offers up to 6.55% on callable deposits and has special tenures of 400, 444 and 555 days.
Investors should compare tenure, eligibility, withdrawal conditions and DICGC insurance coverage, not only headline rates.
- Who
- DCB Bank, Indian Bank, Federal Bank and Union Bank of India, along with customers and senior-citizen depositors.
- What
- The banks are offering special or high-interest fixed deposits with different rates, tenures and withdrawal conditions.
- Where
- In India, through deposits offered by the four banks.
- When
- August 2026.
- Why
- To help investors compare fixed-deposit returns while considering tenure, senior-citizen eligibility, callable status and deposit-insurance limits.
Key facts
- Highest general rate
- DCB Bank offers up to 7.50% on selected tenures.
- Highest senior-citizen rate
- DCB Bank offers up to 8.05% on eligible deposits.
- Indian Bank special FD
- The Ind Grow FD offers 6.65% for general customers for 555 days; senior citizens can earn up to 7.15%.
- Federal Bank rate
- The bank offers 6.70% to general customers and 7.20% to senior citizens on a 48-month FD.
- Union Bank rates
- Union Bank of India offers up to 6.55% on callable deposits; some non-callable deposits may offer higher rates.
- Special tenures
- Union Bank of India offers special tenures of 400, 444 and 555 days.
- Deposit insurance
- Eligible deposits are generally covered by DICGC insurance up to ₹5 lakh per depositor per bank, including principal and interest, subject to applicable rules.
Sources
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