Archive · 14 Aug 2026
New FD Rates: DCB Bank 7.50%, Union 6.55%, Indian 6.65%
A fixed deposit is a place to keep your money in a bank for a set amount of time.
In return, the bank pays you extra money called interest.
Three banks, Union Bank of India, DCB Bank, and Indian Bank, changed their interest rates on August 4, 2026.
Union Bank now pays up to 6.55% on some of its plans.
Indian Bank pays up to 6.65% on its special 555-day plan.
DCB Bank pays the most for regular customers, up to 7.50%.
Older people get even more: DCB Bank pays senior citizens 8.00% and people aged 70 and above 8.05%.
Usually, the longer you keep your money in the deposit, the more interest the bank pays.
If you compare the three banks, DCB Bank offers the best deal for regular savers right now.
Union Bank of India revised its FD rates effective August 4, 2026, offering 2.70% to 6.55% on tenures from seven days to 10 years.
DCB Bank's highest general-customer rate of 7.50% is available on deposits of 24-25 months, 34-35 months, and 60-61 months.
DCB Bank pays senior citizens 8.00% and customers aged 70 and above (Senior Citizens Plus) 8.05% on those top tenures.
Indian Bank's IND GROW 555-day deposit offers 6.65% to the public, 7.15% to senior citizens, and 7.40% to super senior citizens.
Among the three banks, DCB Bank offers the highest headline FD rate for general customers at 7.50%, ahead of Indian Bank's 6.65% and Union Bank's 6.55%.
- Who
- Union Bank of India, DCB Bank, and Indian Bank
- What
- Revised fixed deposit interest rates, with DCB Bank offering the highest general-customer rate of 7.50%.
- When
- Effective August 4, 2026
- Where
- India
- Why
- The banks set new returns on deposits across tenures from seven days to 10 years, with higher rates offered on longer-term plans.
- Effective date
- August 4, 2026
- DCB Bank highest general rate
- 7.50% on 24-25, 34-35, and 60-61 month deposits
- DCB Bank senior citizen rate
- 8.00%
- DCB Bank 70+ (Senior Citizens Plus) rate
- 8.05%
- Union Bank highest general rate
- 6.55% on 555-day deposit
- Union Bank rate range
- 2.70% to 6.55% for seven days to 10 years
- Indian Bank IND GROW 555-day rate
- 6.65% public, 7.15% senior, 7.40% super senior
- Indian Bank rate range
- 2.80% to 6.60% for general customers