Sbi Term Deposit Rates
The country's largest lender, State Bank of India (SBI), has slashed the interest rate on fixed deposits (FDs), also known as term deposits by 20-50 basis points (bps) across tenors in the retail. SBI cuts term deposit rates. State Bank of India (SBI) on Thursday cut the fixed deposit (FD) rates for the third time in two months. In the latest development the lender slashed the interest rates for tenures up to 3 years by 20 basis points. The new rates shall be effective from 12 May.
- Can I Alter The Tenure Of My Existing FD?No, You Cannot Change The Tenure Of Your Ongoing FD. Instead, You Can Open A New FD With The New Tenure.
- Sbi Fixed Deposit
- Income Tax On Fixed Deposit Interest Income - Tax2win
Interest Rates
Interest Rates
For Deposit Interest Rates please click here
The SBI 'WECARE' Senior Citizens' Term Deposit scheme has been launched to provide the higher interest rate to senior citizens in the current falling interest rate scenario as this category of investors are usually dependent on interest income.
For Residential Mortgage Rates please click here
| SBI CANADA BANK PRIME RATE | |
|---|---|
| SBIC CAD Prime Rates Effective - March 30, 2020 2.45% | |
| SBIC USD Prime Rates Effective - March 17, 2020 3.25% | |
| STUDENT INVESTMENT ACCOUNT RATE AND FEES | |
| Student Investment Account | 0.20% p.a |
| Student GIC Account (1 year non-renewable & non-redeemable GIC) | 1.05% p.a |
| *Rates as of 25th June, 2020. The GIC is paid out in 12 equal monthly payments into your personal operative account with SBI Canada Bank. | |
| Program Fee (Non refundable) | C$150 |
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Term_Deposit_Content
Term Deposit
- Accepted from both Residents and Non - Residents
- Different rates of interest for different terms of period
- Accepted both in Euros and US Dollars.
- Minimum Deposit: US$1000 or €1000
- Minimum Period: 1 Month
- Premature Encashment: Permitted, however, interest will be paid at rate applicable to the period for which the deposit has run. No interest will be paid for deposit prematurely withdrawn before 1 Month.
- With-holding Tax: With-holding tax is recovered at applicable rate where interest is paid to resident depositors.
Fixed Interest Rate (Tenor upto 1 year)
TENOR | Revised rates from 01.12.2020 | |
USD | EUR | |
1 month to less than 3 month | 0.20 | (-)0.15 |
3 months to less than 6 months | 0.45 | (-)0.05 |
6 months to less than 9 months | 0.65 | 0.00 |
9 months to less than 1 year | 0.80 | 0.05 |
Floating Interest Rate ( 1 year to 5 year)
TENOR | Newly Introduced floating card rates from 01.12.2020 | |
USD | EUR | |
Spread Over 1 Year USD LIBOR* | Spread Over 1 Year EURIBOR* | |
1 year to less than 2 year | 0.45 | 0.50 |
2 year to less than 3 year | 0.48 | 0.52 |
3 year to less than 4 year | 0.50 | 0.54 |
4 year to less than 5 year | 0.52 | 0.56 |
5 year | 0.55 | 0.58 |
Can I Alter The Tenure Of My Existing FD?No, You Cannot Change The Tenure Of Your Ongoing FD. Instead, You Can Open A New FD With The New Tenure.
* For all Tenors, 1 year USD LIBOR or 1 Year EURIBOR will be used.
For Deposits above Euro/US$ 5.000.000 please contact on undernoted numbers:
Mr Akash Kumar (Credit Operations, Forex & SWIFT)
Tel: 0032/3/2050202
mgrbills.antwerp@sbi.co.in
Mr Bhagwan Singh Rathore, Asst Manager (Forex & SWIFT)
Tel: 0032/3/2332887
amforex.antwerp@sbi.co.in