SBI Cuts Savings Account, Fixed Deposit Interest Rates –Check Latest SBI Interest Rates June 2025

New Delhi: Days after RBI announcement on repo price aid, the rustic’s greatest lender State Bank of India (SBI) has introduced to scale back its financial savings checking account price by way of as much as 50 foundation issues (bps) throughout all account balances. The new SBI financial savings charges are efficient from 15 June 2025.

SBI has additionally slashed rates of interest on mounted deposits beneath Rs 3 crore by way of 25 foundation issues on other tenors efficient from 15 June 2025. 

Meanwhile, SBI has additionally slashed the rates of interest for its time period deposit scheme Amrit Vrishti from 6.85 % to 6.60 % with impact from 15 June 2025.

“The interest rate of specific tenor scheme of “Amrit Vrishti”(444 days) has also been revised from 6.85% to 6.60% wef 15-June-2025. Senior Citizens and Super Senior Citizens are eligible for their additional benefits in rate of interest,” SBI has discussed in its web page.

An further good thing about 10 bps is appropriate for Super Senior Citizens (80 years and above) over the rate of interest appropriate for senior electorate. The scheme isn’t appropriate to Recurring Deposit Scheme, Green Rupee Term Deposit, Tax Savings Scheme 2006, MODS,  Capgain Scheme and Non-Callable Term Deposits, SBI added.