Due to this, bank customers will now get less interest than before, especially those account holders who have a large amount in their bank account. Customers will have to plan their investment or savings by taking information about the interest rates of their bank.

SBI reduced interest rates on savings accounts

The country’s largest bank, State Bank of India (SBI), has made the interest rate on all savings accounts uniformly 2.5% per annum from June 15, 2025. Earlier, SBI used to pay 2.7% interest on small accounts (less than Rs 10 crore) and 3% on large accounts (Rs 10 crore or more). Now the same rate will be applicable on every account.

HDFC Bank also reduced the rate

HDFC Bank has reduced the interest rate on all savings accounts to 2.75% per annum from June 10, 2025. Earlier, 2.75% interest was available on amounts less than ₹ 50 lakh and 3.25% interest was available on ₹ 50 lakh or more. Now all accounts will get the same interest.

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ICICI Bank also took the same step

ICICI Bank has also changed the interest rates of its savings account from 12 June 2025. Earlier, 3.25% interest was available on more than ₹ 50 lakh and 2.75% interest was available on less than ₹ 50 lakh. Now interest will be given at the same rate of 2.75% per annum on every amount.

New interest rates of other banks

Bank Of Baroda

Bank of Baroda is now offering interest on savings account from 2.7% to 4.25% depending on the amount deposited. These rates are applicable from 12 June 2025.

Federal Bank

Federal Bank is now offering interest rates on savings accounts ranging from 2.5% to 6.25%, depending on the amount deposited by the customer. These new rates have come into effect from June 17, 2025.

IndusInd Bank

IndusInd Bank is now offering 3% to 5% interest on accounts, which will be decided according to the balance slab. This change is effective from June 16, 2025.

RBL Bank

RBL Bank has also revised the interest rates from June 16, 2025. Now the account will get interest ranging from 3% to 6.75%, which will be decided on the basis of the amount deposited in the customer’s account.

What will be the impact?

The decisions of these banks will especially affect those customers who keep a large amount in their savings account. Now they will get less interest than before. This change has happened due to the reduction in repo rate, which is aimed at controlling inflation and increasing liquidity in the economy.

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Many banks have increased interest rates

You can open RD through offline, online or mobile banking. State Bank of India, HDFC Bank and ICICI Bank have increased the interest on Recurring Deposit ie RD. Now these banks are offering more interest than before. If you are also thinking of investing on RD, then we tell you how much interest you are getting in which bank.

What is RD Scheme?

RD is a small saving scheme. In this, you can also open an account from post office or banks and you can invest in it only for 5 years. On investing money in this, you are given much better interest from the banks and you are given many facilities on getting RD done by the bank. Let us tell you that all banks pay different interest on RD.

SBI RD interest rate

State Bank of India is giving you interest ranging from 6.80 to 7 percent from 12 months to 120 months. In this you will have to invest 100 rupees every month.

PNB RD interest rate

PNB Bank gives interest ranging from 5.5 to 7.25 percent on RDs of 6 months to 10 months. You can pay RD even on the last day of installment.

HDFC Bank RD Interest

HDFC Bank gives you 4.5 to 7.10 percent interest on RD ranging from 6 months to 120 months, in which you have to invest every day.

ICICI Bank RD Interest Rate

ICICI Bank gives you 4.75 to 7.10 percent interest on RDs ranging from 6 months to 120 months. In which you can invest at least 500 rupees.

Yes Bank RD Interest Rate

Yes Bank gives you 6 to 7.50 percent interest on RD ranging from 6 months to 10 years.

The post SBI, PNB, ICICI banks giving highest interest on recurring deposits, know latest rate first appeared on Rightsofemployees.com.

In the monetary policy meeting of the Reserve Bank of India (RBI) last week, it has been decided to increase the repo rate by 50 basis points. After which the bank says that we have taken the decision to change the FD rates after increasing the repo rate.After the decision of RBI to increase the repo rate, many banks have changed the rates of their bank loans, savings accounts and fixed deposits.

ICICI Bank’s new interest rates

On FDs from 2 crore to 5 crore for 7 days to 29 days, the bank will now give an interest of 3.25 percent and on the deposit maturity of 30 to 45 days, the bank will give an interest of 3.35%.ICICI Bank will now offer an interest of 3.65 per cent on deposits maturing in 46 days to 60 days and 4.50 per cent on deposits maturing in between 61 and 90 days.

ICICI Bank ICICI Bank will now pay an interest of 5 percent on deposits maturing in 91 to 184 days and 5.25 percent on fixed maturities of 185 to 270 days.The bank will now offer an interest of 5.50 per cent on deposits maturing in from 271 days to less than 1 year.On the other hand, ICICI Bank will give the highest interest of 5.75 percent on deposits maturing in 1 year to 10 years.

Due to the increase in the repo rate, many banks took the decision to change the interest rates

Many banks have changed the rates of their bank loans and fixed deposits. Recently, Canara Bank has reduced the interest rates on FDs below 2 crores, as well as Bandhan Bank has also changed the interest rates for its savings accounts. The new interest rate of Canara Bank will be applicable from August 8.

After this change, Canara Bank has introduced a new deposit maturity term of 666 days for which the bank will pay the highest interest of 6 percent. The same Bandhan Bank has increased the interest rates on daily savings accounts from 5 percent to 6 percent from 1,000,000 to 100000.

The post ICICI Bank’s interest rates: ICICI Bank changes FD rates Today, check new rate first appeared on Rightsofemployees.com.