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: In case of Pre-mature withdrawal, the intrest shall be 0.25% below the rate applicable at the time of the Deposit for the period Deposit remained with the branch. No interest will be paid for deposit prematurely withdrawn before 1 Month.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.
Term Deposit Card rates wef 21.10.2024
|
Category |
I |
II |
||
|
|
For amount upto USD/ EUR 200,000 |
For amount between USD/ EUR 200,000 - 500,000** |
||
|
Tenor |
USD |
EUR |
USD |
EUR |
|
1 month to less than 3 month |
0.50 |
0.10 |
2.00 |
1.00 |
|
3 months to less than 6 months |
0.75 |
0.20 |
4.25 |
2.00 |
|
6 months to less than 1 Year |
1.50 |
0.30 |
4.50 |
2.50 |
|
1 Year and above* |
3.50 |
0.40 |
4.50 |
2.75 |
*For deposits with tenor above 1 year, the rates will be reset in annual intervals
** Deposits above EUR/USD 500,000 will attract the same rate as per Category II.
For deposits above EUR/USD 500,000 kindly contact us for interest rates:
Mr Prashant Shukla (Credit Operations, Forex & SWIFT)
Tel: 0032/3/2050202
mgrbills.antwerp@sbi.co.in
Mr Arinjoy Sur, Asst Manager (Forex & SWIFT)
Tel: 0032/3/2332887
amforex.antwerp@sbi.co.in
