State Bank of India Fixed Deposit

 

State Bank of India Logo

Min. Deposit
$10,000

Interest Rate
up to 1.35%

Review on State Bank of India Fixed Deposit

Pros
Low minimum deposit
High FD interest rate

Cons
Foreign Bank with few branches

 

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Details

6 mths 12 mths
$10k to <$50k 1.05% p.a. 1.25% p.a.
$50k to $1m 1.15% p.a. 1.35% p.a.

Earn up to 1.35% interest p.a. for a 12 months tenure (Until 28 Feb 2017)

Earn up to 1.15% interest p.a. for a 6 months tenure (Until 28 Feb 2017)

The promotion is applicable for fresh and renewal of funds.

The minimum deposit amount per individual or per joint account with the same individuals is SGD 10,000

Multiple deposits can be placed by the customer as long as the maximum amount per individual or per CIF is $1,000,000

Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Term Deposit Board Rate of interest at the time of renewal.

 

Click here to go to State Bank of India website for more details

 

 

Comments

 

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