If you want to get better returns on your deposit, then this news is useful for you. In June 2026, the country’s banking sector is offering excellent interest rates on fixed deposits (FD). Some banks are offering interest rates up to 8.10% per annum on FD to their customers. Therefore, before depositing your money, it is important to know about the interest rates offered by different banks. While SBI, HDFC Bank, ICICI Bank and PNB are the first choices of investors, many private and small finance banks are offering more attractive interest rates than these big banks.
With RBI keeping the repo rate at 5.25%, investors are keen to get the best returns on their savings. As a result, there is a race among public sector, private, foreign and small finance banks to attract customers in June 2026.
Which public sector bank gives the highest interest?
Among public sector banks, Punjab and Sindh Bank is currently offering the best benefits to its customers. The bank is offering a special FD scheme of 666 days at an interest rate of 6.75%. After this, Bank of India is offering an interest rate of 6.70% per annum on three-year FD. Union Bank, Bank of Maharashtra and Central Bank of India are offering interest rates of 6.65% for certain tenures. Whereas, Canara Bank, Indian Bank, Indian Overseas Bank and PNB are offering interest rate of 6.60%. SBI is offering an interest rate of 6.45% under its 444 days ‘Amrit Drishti’ scheme.
Which private bank is at the forefront?
Talking about private sector, small private banks are giving better returns as compared to big and well-known banks. DCB Bank is currently at the forefront in the private sector; It gives 7.50% interest on FDs of tenure between 24 months to less than 25 months. CSB Bank offers interest up to 7.35% for a tenure of 18 months, while SBM Bank India offers interest up to 7.30% to its customers. Bandhan Bank and IDFC First Bank offer 7.25% interest for certain tenures. RBL Bank’s maximum interest rate is 7.20%, while HDFC Bank and ICICI Bank offer a maximum interest rate of 6.50%.
Which foreign bank is at the forefront?
There is a huge difference in the interest rates of foreign banks operating in India. Deutsche Bank offers the most attractive rates; It gives 7% interest on FDs of more than one year but less than two years. After this comes Standard Chartered Bank, which gives 6.60% interest on FD of one year to 376 days. At the same time, HSBC Bank offers a maximum interest rate of 5.50% for certain tenures.
Excellent returns from small finance banks: Small finance banks have performed better than big banks in terms of interest rates. In the entire banking sector, Suryoday Small Finance Bank and Utkarsh Small Finance Bank are offering the highest interest rates at 8.10%. Shivalik Small Finance Bank is offering 7.80% interest rate. The interest rate of Jana Small Finance Bank is 7.77%. Apart from this, ESAF Small Finance Bank and Slic Small Finance Bank are offering 7.75% interest rate. Equitas Small Finance Bank is offering 7.40% interest rate.