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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 No interest will be paid for deposit prematurely withdrawn before 1 Month.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.

Deposit Rates upto €/US$ 5.000.000 

wef 13-06-2022

Fixed Interest Rate (Tenor less than 1 year)

TENOR

Revised rates from 13.06.2022

USD

EUR

1 month to less than 3 month

0.05

(-)0.45

3 months to less than 6 months

0.10

(-)0.35

6 months to less than 9 months

0.25

(-)0.25

9 months to less than 1 year

0.40

(-)0.15

 

Interest Rate ( 1 year to 5 year)

TENOR

Revised rates from 13.06.2022

USD

EUR

1 year to less than 2 year

1.50

0.10

2 year to less than 3 year

1.55

0.20

3 year to less than 4 year

1.60

0.25

4 year to less than 5 year

1.75

0.30

5 year

2.00

0.40

 

 

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 Arinjoy Sur, Asst Manager (Forex & SWIFT)
Tel: 0032/3/2332887

amforex.antwerp@sbi.co.in