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Secure Competitive Returns with SBI Singapore’s Revised Time Deposit Interest Rates
State Bank of India (SBI) Singapore has introduced revised interest rates for its Singapore Dollar (SGD) time deposits, offering returns of up to 2.5% per annum as of 19 Mar 2025.
Compared to the previous rates in late February 2025, this latest offer reflects a decrease in interest rates.
Time Deposit Rates As of 19 Mar 2025
| Currency | Tenor | Promotional Interest Rate* (p.a.) | Minimum Deposit |
|---|---|---|---|
| SGD | 6-month | 2.5% | SGD 50,000 |
| SGD | 12-month | 2.4% | SGD 50,000 |
This promotional offer is available for a limited period, catering to investors looking to optimise their savings. A minimum deposit of SGD 50,000 is required to qualify for these rates.
The offer is applicable for both new deposits and renewals, allowing existing and new customers to benefit.
How to Apply?
Individuals interested in these promotional rates can visit any SBI branch in Singapore. Relationship Managers are available to guide customers through the application process and provide further details.
Key Terms and Conditions
- Offer valid for a limited time for both new deposits and renewals.
- Minimum deposit of SGD 50,000 required for eligibility.
- Customers may place multiple deposits, but total deposits per individual should not exceed SGD 1,000,000.
- Interest accrual begins once funds are cleared by SBI Singapore.
For further details and complete terms, visit the official SBI Singapore promotions page.
Looking for more fixed deposit options? Click here for the latest offers.
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