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State Bank of India Fixed Deposit

 

State Bank of India Logo

Min. Deposit
$50,000

Interest Rate
up to 2.00%

Review on State Bank of India Fixed Deposit

Pros
High interest rate

Cons
Foreign Bank with few branches

 

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Details

12 mths
$50k to $1m 2.00% p.a.

Earn 2.00% interest p.a. for a 12 months tenure (Until 31 May 2019)

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 50,000

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 (11)

Ave. Rating:
3/5 (18)
Topic: State Bank of India Fixed Deposit Review
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New
Retired Uncle
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1
0
0
Jun 2019
Retired Uncle says...

Put in $ very fast. Withdraw $ very slow. I make noise, they said system down. But all other customers still can put in $ while I wait and wait and wait. I waited for more than 2 hrs and so scared cannot get my $ back. Very scare now with this bank.

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New
THIAGARAJAN VEERAPPA CHETTIAR
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2
0
0
Jun 2019
THIAGARAJAN VEERAPPA CHETTIAR says...

The 2.0% FD promotion ended yesterday. Please update.

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Senior
Money Lobang
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99
34
14
Sep 2014
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Money Lobang says...

Thank you. The info on expiry has been updated accordingly.

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New
yl
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1
0
2
Jul 2018
yl says...

Can student meeting the age of 21 be the main applicant ?

It takes an hour to process any FD, student age 21 seems to have problem as the main applicant too when I was at the counter once.

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Senior
Money Lobang
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99
34
14
Sep 2014
Top Poster
Most Likes
Money Lobang says...

Hi,

The minimum age for most Fixed Deposits in Singapore is 18 and you should be able to meet it easily even if you are a student at age 21. Some banks do have a longer processing time and SBI could be one of them. We suggest you consider other banks if you think the processing time is too long because of your age. Thank you.

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