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 No interest will be paid for deposit prematurely withdrawn before 1 Month.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 30-01-2023
Fixed Interest Rate (Tenor less than 1 year)
|
TENOR |
Revised rates from 30.01.2023 |
|
|
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 9 months |
1.00 |
0.30 |
|
9 months to less than 1 year |
1.50 |
0.40 |
Interest Rate ( 1 year to 5 year)
|
TENOR |
Revised rates from 30.01.2023 |
|
|
USD |
EUR |
|
|
1 year to less than 2 year* |
4% |
0.50 |
|
2 year to less than 3 year* |
4% |
0.50 |
|
3 year to less than 4 year* |
4% |
0.50 |
|
4 year to less than 5 year* |
4% |
0.50 |
|
5 year* |
4% |
0.50 |
* Intrest rates will be Reset yearly
For Deposits above Euro/US$ 5.000.000 please contact on undernoted numbers:
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