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State Bank of India Fixed Deposit

 

State Bank of India Logo

Min. Deposit
$10,000

Interest Rate
up to 1.95%

Review on State Bank of India Fixed Deposit

Pros
Low min. deposit
High FD interest rate

Cons
Foreign Bank with few branches

 

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Details

6 mths 12 mths 24 mths
$10k to <$100k 1.65% p.a. 1.80% p.a. 1.90% p.a.
$100k to $1m 1.70% p.a. 1.85% p.a. 1.95% p.a.

Earn up to 1.95% interest p.a. with SBI Term Deposit (Until 30 Sep 2018)

Earn up to 1.95% interest p.a. for a 24 months tenure

Earn up to 1.85% interest p.a. for a 12 months tenure

Earn up to 1.70% interest p.a. for a 6 months tenure

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 (9)

Ave. Rating:
3/5 (16)
Topic: State Bank of India Fixed Deposit Review
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New
yl
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1
0
0
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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74
28
1
Sep 2014
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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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New
Ng
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2
0
3
Jun 2018
Ng says...

When FD due, it take 2-3days to get bank cheque unless you go direct Head office not branch

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New
Neo
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1
0
5
Jan 2018
Neo says...

Is SBI under SDIC(S'pore Deposit Insurance Corpn)scheme for $50k deposit?

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Senior
Money Lobang
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74
28
1
Sep 2014
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Most Likes
Money Lobang says...

Yes it is. The Singapore Deposit Insurance Corporation insure all deposits in any individual bank or finance company operating in Singapore for a sum of up to $50,000

1 2 3 > Last

 

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