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

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

Earn up to 1.35% interest p.a. for a 12 months tenure (Until 24 Oct 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

 

 

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Reviews or Comments (5)

Ave. Rating:
4/5 (5)
Topic: State Bank of India Fixed Deposit Review
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New
Ian Snodgrass
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Feb 2017
Ian Snodgrass says...

I think the rates have changed according to the website and there is no offer for 4 months FD

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Regular
Money Lobang
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Sep 2014
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Money Lobang says...

Thank you for the notification. The rates have been updated accordingly.

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New
Chin Hoong Chor
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1
0
0
Jan 2017
Chin Hoong Chor says...

You sure this is what is meant? Dun trust their marketing!

Is it no interest for first $10k, then lower tier for next $40k then highest tier for balance above $50k?

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Regular
Money Lobang
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Sep 2014
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Money Lobang says...

Interest below $10k will earn interest under their broad rates as stated on https://www.sbising.com/interest-rates For clarification on their promotional interest rates, please contact SBI at 62281116

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New
Lee CK Lee
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1
0
0
Jan 2017
Lee CK Lee says...

How to know that "deposits in any individual bank operating in Singapore will be insured by the Singapore Deposit Insurance Corporation for a sum of up to $50,000.?"

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Regular
Money Lobang
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Sep 2014
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Money Lobang says...

Please refer to https://www.sdic.org.sg/ for more info on Deposit Insurance Scheme

1 2 > Last

 

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