SBI FD and RD interest rates for June 2026: Latest rates, highest returns and key details investors should know

India's largest lender, State Bank of India (SBI), continues to offer competitive returns on fixed deposits (FDs) and recurring deposits (RDs) in June 2026, making them an attractive option for risk-averse investors seeking stable returns.

For retail term deposits below ₹3 crore, SBI offers interest rates ranging from 3.05% to 6.45% for general customers, depending on the tenure. Senior citizens are eligible for higher rates, with returns going up to 6.95% under select deposit schemes.

Among the regular FD tenures, deposits with maturities between two and three years currently offer one of the highest rates at 6.40% for general customers and 6.90% for senior citizens. The bank's special 444-day Amrit Vrishti scheme offers 6.45% to general depositors and 6.95% to senior citizens.

Under the current rate structure, SBI offers 3.05% interest on deposits maturing in 7–45 days, 4.90% on tenures of 46–179 days, 5.65% on deposits of 180–210 days, and 5.90% on deposits from 211 days to less than one year. Deposits with maturities of one to two years earn 6.25%, while those with tenures of three to five years offer 6.30%.

SBI latest FD rates for June 2026

SBI recurring deposit rates

The rate of interest on recurring deposits is the same as that on term deposits for public and senior citizens, according to the official website of SBI. SBI offers a similar rate of interest on both fixed and recurring deposits. Here are some specific features of recurring deposits:

Minimum period of deposit is 12 months, while the maximum is 120 months.

Minimum deposit amount is ₹100 per month and in multiples of ₹10 thereafter.

SBI special FD schemes

• SBI Amrit Vrishti offers the highest advertised rate of 6.45% for regular customers and 6.95% for senior citizens.

• SBI Patrons provides an additional benefit for customers aged 80 years and above.

• SBI WeCare offers an extra premium on eligible long-term deposits for senior citizens

For investors looking for predictable returns, the most competitive standard SBI rates in June 2026 are concentrated in the 1–3 year tenure range, while the special 444-day Amrit Vrishti scheme currently offers the highest return among SBI's retail deposit products.

Customers planning to invest in FDs or RDs should compare tenures carefully, as the highest returns are currently available in the one- to three-year segment and under SBI's special deposit schemes.