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State Bank of India Fixed Deposit

 

State Bank of India Logo

Min. Deposit
$250,000

Interest Rate
up to 1.25%

Review on State Bank of India Fixed Deposit

Pros
None

Cons
Low interest rates
Slow and inefficient service at branches
Foreign Bank with few branches

 

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Details

12 mths
$250k to $1m 1.25% p.a.

Earn 1.25% interest p.a. for a 12 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 250,000

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 (15)

Ave. Rating:
3/5 (25)
Topic: State Bank of India Fixed Deposit Review
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New
S.Tiruchelvi
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0
Sep 2019
S.Tiruchelvi says...

May I know your current fd interest rate

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Senior
Money Lobang
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117
37
15
Sep 2014
Top Poster
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Money Lobang says...

Hi,

SBI is currently not running any Fixed Deposit promotions and as such is only offering broad rates of 0.70% p.a. for 12 months deposit for $50k and above.

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New
john
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1
1
0
Jul 2019
john says...

The promotion had already ended

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New
BabaBlackSheep
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1
1
0
Jul 2019
BabaBlackSheep says...

Just done a FD here. The rates are indeed better than other banks. Fully agree with the previous posts on slow service and dragging of feet and clumsy services. Hopefully someone from the bank will take corrective actions ...

1 2 3 > Last

 

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