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 No interest will be paid for deposit prematurely withdrawn before 1 Month.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.
For amount upto USD/EUR 500,000 wef 19.09.2023
|
TENOR |
Revised rates from 19.09.2023 |
|
|
USD |
EUR |
|
|
1 month to less than 3 month |
0.50 |
0.10 |
|
3 months to less than 6 months |
0.75 |
0.20 |
|
6 months to less than 1 year |
1.50 |
0.30 |
|
1 year and above* |
4.00 |
0.40 |
For amount USD/EUR 500,000 and above wef 19.09.2023
|
TENOR |
Revised rates from 19.09.2023 |
|
|
USD |
EUR |
|
|
1 month to less than 3 month |
2.50 |
1.00 |
|
3 months to less than 6 months |
4.75 |
2.50 |
|
6 months to less than 1 year |
5.00 |
3.00 |
|
1 year and above* |
5.00 |
3.75 |
* Intrest rates will be Reset yearly
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
