Banks FD Interest Rates June 2026: Even after the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25 per cent in its latest monetary policy review, several leading banks continue to offer attractive fixed deposit (FD) interest rates to depositors.
Major lenders, including SBI, HDFC Bank, ICICI Bank, Punjab National Bank (PNB), Bank of Baroda (BoB) and Kotak Mahindra Bank, are offering interest rates of up to 7.75 per cent to senior citizens across select tenures. For general citizens, the highest rates offered by these banks range between 6.45 per cent and 7.20 per cent.
Here is a comparison of the highest FD rates offered by these banks.
SBI FD Interest Rates
State Bank of India (SBI) offers FD interest rates ranging from 3.05 per cent to 6.45 per cent for general citizens, including its Amrit Vrishti scheme. For senior citizens, the rates range from 3.55 per cent to 6.90 per cent.
The highest rate of 6.45 per cent for general citizens and 6.90 per cent for senior citizens is available under select deposit schemes. SBI’s revised rates came into effect on December 15, 2025.
HDFC Bank FD Interest Rates
HDFC Bank offers FD interest rates between 2.75 per cent and 7.20 per cent per annum for general citizens across tenures ranging from seven days to 10 years.
Senior citizens receive an additional 0.50 percentage point benefit, taking the highest rate to 7.75 per cent.
The bank’s highest FD rate of 7.20 per cent for general citizens and 7.75 per cent for senior citizens is available on deposits with a tenure of 4 years 7 months to 55 months.
For deposits of 3 years and 1 day to less than 4 years and 7 months, HDFC Bank offers 6.50 per cent to general citizens and 7 per cent to senior citizens.
ICICI Bank FD Interest Rates
ICICI Bank offers FD interest rates ranging from 2.75 per cent to 6.50 per cent for general citizens and from 3.25 per cent to 7.10 per cent for senior citizens.
The highest rate of 6.50 per cent for general citizens and 7.10 per cent for senior citizens is available on deposits with tenures ranging from 3 years 1 day to 5 years.
The revised rates became effective on June 9, 2026.
Punjab National Bank FD Interest Rates
Punjab National Bank (PNB) offers FD interest rates between 3 per cent and 6.60 per cent for general citizens. Senior citizens can earn between 3.50 per cent and 7.10 per cent.
The bank’s highest FD rate is available on a tenure of 444 days, where general citizens earn 6.60 per cent and senior citizens receive 7.10 per cent.
PNB remains among the banks offering more than 7 per cent interest to senior citizens on select deposits.
Bank of Baroda FD Interest Rates
Bank of Baroda offers FD interest rates ranging from 3.50 per cent to 6.45 per cent for general citizens, including deposits under the bob Square Drive Deposit Scheme.
Senior citizens can earn between 4 per cent and 6.95 per cent.
The highest rates of 6.45 per cent for general citizens and 6.95 per cent for senior citizens are available on deposits with a tenure of 444 days.
These rates are effective from May 16, 2026.
Kotak Mahindra Bank FD Interest Rates
Kotak Mahindra Bank offers FD interest rates between 2.75 per cent and 6.80 per cent for general citizens on deposits below Rs 3 crore. For senior citizens, rates range from 3.25 per cent to 7.30 per cent.
The highest FD rate of 6.80 per cent for general citizens and 7.30 per cent for senior citizens is available on deposits with a tenure of 2 years to less than 3 years.
For deposits of 18 months to less than 2 years, Kotak Mahindra Bank offers 6.55 per cent to general citizens and 7.05 per cent to senior citizens.
Axis Bank FD Interest Rates
Axis Bank offers fixed deposit interest rates ranging from 3.00 per cent to 6.45 per cent per annum for general citizens and from 3.50 per cent to 7.20 per cent per annum for senior citizens on deposits with tenures ranging from 7 days to 10 years.
The bank’s highest FD rate for general citizens is 6.45 per cent, available on deposits with tenures of 15 months to 10 years.
Senior citizens receive an additional benefit of 0.50 to 0.75 percentage points, taking the maximum interest rate to 7.20 per cent. The bank’s 5-year tax-saving fixed deposit also offers 6.45 per cent interest to general citizens and 7.20 per cent to senior citizens.
Which Bank Offers the Highest FD Rate?
Among the banks compared, HDFC Bank currently offers the highest FD rate for both categories of depositors. General citizens can earn up to 7.20 per cent, while senior citizens can earn up to 7.75 per cent on select tenures.
Kotak Mahindra Bank follows with a maximum rate of 7.30 per cent for senior citizens, while ICICI Bank and PNB offer up to 7.10 per cent. Bank of Baroda’s highest senior citizen rate stands at 6.95 per cent, while SBI offers up to 6.90 per cent.
For depositors seeking higher returns, medium-term FD tenures between two and five years continue to offer the most attractive interest rates across major banks.
