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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 No interest will be paid for deposit prematurely withdrawn before 1 Month.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 01-12-2019

Fixed Interest Rate (Tenor upto 1 year)

TENOR

Revised rates from 01.12.19

USD

EUR

1 month to less than 3 month

1.40

(-)0.15

3 months to less than 6 months

1.55

(-)0.05

6 months to less than 9 months

1.75

0.00

9 months to less than 1 year

1.85

0.10

 

Floating Interest Rate ( 1 year to 5 year)

TENOR

Newly Introduced floating card rates from 01.12.19

USD

EUR

Spread Over 1 Year USD LIBOR*

Spread Over 1 Year EURIBOR*

1 year to less than 2 year

0.10

0.40

2 year to less than 3 year

0.13

0.42

3 year to less than 4 year

0.16

0.44

4 year to less than 5 year

0.18

0.46

5 year

0.20

0.48

* 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

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