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Maximise Your Earnings with Enhanced Time Deposit Interest Rates
State Bank of India (SBI) Singapore has announced
This latest offer has an additional 12-month tenure as compared to the previous rates introduced in Dec 2024.
Interest Rates as of 6 Feb 2025
| Currency | Tenor | Promotional Interest Rate* (p.a.) | Minimum Deposit |
|---|---|---|---|
SGD | 6-month | 2.65% | SGD 50,000 |
| SGD | 12-month | 2.50% | SGD 50,000 |
The promotional rates are available for a limited period and are designed to provide savers with an opportunity to
The offer is
Application Process
To benefit from these promotional interest rates, individuals can visit any of the SBI branches located across Singapore. The bank’s Relationship Managers are available to assist clients with the application process and to provide further details about the promotion. It is advised that potential investors speak with an SBI Relationship Manager to understand the full benefits and conditions of the offer.
Terms and Conditions
- This promotional
offer is
available for both new deposits and the renewal of
existing time deposits for a limited time only.
- A minimum deposit of SGD 50,000 is required for both
individual and joint
accounts to be eligible for
these promotional rates.
- Customers are allowed
to
place
multiple deposits, but the total should not exceed SGD 1,000,000 per individual in the respective currency.
- The start date of the term
deposit will be determined when funds are cleared by SBIS (“Start Date”). The promotional interest rates will only apply from this Start Date, provided that the completed
Account Opening Forms are duly
received and accepted for processing by SBIS.
For more information on the promotional offer and detailed application procedures, please click here to visit the official SBI Singapore promotions page.
To check out other good fixed deposit offers, click here.
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