SBI HI RETURN FIXED DEPOSIT
- Earn a high rate of interest
- Deposit for upto a period of 5 years
- Minimum investment of £1000, US $ 10,000 or € 10,000
| |
GBP |
USD |
EURO |
| PERIOD OF THE DEPOSIT |
RATE GROSS/AER*
|
RATE GROSS/AER*
|
RATE GROSS/AER*
|
| 1 YEAR |
2.75% |
2.00% |
2.00% |
| 2 YEARS |
3.50% |
2.50% |
2.50% |
| 3 YEARS |
3.85% |
3.00% |
3.00% |
| 4 YEARS |
4.20% |
3.40% |
3.30% |
| 5 YEARS |
4.50% |
3.75% |
3.50% |
Terms and conditions of a Hi Return Fixed Deposit
- The Fixed Deposit is available to an individual, aged 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address.
- Minimum amount required for making a deposit is £1000/US$10,000/€10,000. The maximum amount that can be invested in this deposit is £5,000,000 or other currency equivalent.
- If you do not already have a Savings or a Current Account with us, you will be required to open the same. You cannot add additional amounts to your Fixed Term Deposit. However you can open more than one Term Deposit, subject to availability.
- The rate of interest is fixed for the entire period of the deposit.
- Interest will be paid at maturity (for 1 year deposits) or added to the deposit on the anniversary of the deposit (for 2, 3, 4 and 5 years). The depositor has the option of receiving interest monthly or annually (for all terms) for GBP deposits which can be paid to their Savings/Current account with us. The monthly and annual interest option is available for deposits of £ 50,000 or more. Please ask for further details on the gross rates of interest. Monthly and annual interest option is available only for Sterling Deposits.
- Interest will be paid after deduction of income tax at rate specified by law, which is currently 20%. However, we will be able to pay gross interest to eligible account holders subject to completion of HM Revenue and Customs form R85 available from your local branch or the HM Revenue and Customs website at www.hmrc.gov.uk
- Deposits cannot be withdrawn before maturity.
- This Deposit scheme will be available for a limited period and may be withdrawn at any time at the discretion of the Bank.
- Please click here for information on our General Terms and Conditions of Service.
* AER - Stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. Gross is a contractual rate payable before deduction of income tax at rate specified by law
SBI HI RETURN FIXED DEPOSIT FOR NON RESIDENT CUSTOMERS
- Deposit available in Sterling, US Dollars and Euros
- Minimum investment of £50,000 or $50,000 or €50,000
- For individual investors only.
| |
GBP |
US$ |
EURO |
| PERIOD OF THE DEPOSIT |
RATE GROSS/AER*
|
RATE
GROSS/AER*
|
RATE GROSS/AER*
|
| 1 YEAR |
- |
2.00% |
2.00% |
| 2 YEARS |
3.50% |
2.50% |
2.50% |
| 3 YEARS |
3.85% |
3.00% |
3.00% |
| 4 YEARS |
4.20% |
3.40% |
3.30% |
| 5 YEARS |
4.50% |
3.75% |
3.50% |
Terms and Conditions of a Hi Return Fixed Deposit for Non Resident Customers
- The Fixed Deposit is available to people aged 18 years and over.
- Minimum deposit is £50,000/US$50,000/€50,000. The maximum amount that can be invested in this deposit is £5,000,000 or other currency equivalent.
- If you do not already have a Savings or a Current Account with us, you will be required to open the same. You cannot add additional amounts to your Fixed term Deposit. However you can open more than one Term Deposit, subject to availability of the scheme.
- The rate of interest is fixed for the entire period of the deposit.
- Interest will be added to the deposit on every anniversary and paid at maturity.
- Interest will be paid after deduction of income tax at rate specified by law, currently 20%. However, interest will be paid gross to all Non-Resident account holders who complete the Inland Revenue R105 form to receive interest without tax taken off. The forms are available in branch or the HM Revenue and Customs website at www.hmrc.gov.uk.
- Deposits cannot be withdrawn before maturity
- This Deposit scheme is available for a limited period and may be withdrawn at any time at the discretion of the Bank.
- Please click here for information on our General Terms and Conditions of Service.
* AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. GROSS is a contractual rate payable before deduction of income tax at rate specified by law.
SBI HI RETURN BUSINESS FIXED DEPOSIT
- Fixed deposit available only in Sterling.
- Minimum Investment of £50,000.
- Period of deposit 12 months.
- Available to new customers and existing customers of State Bank of India in the UK.
| PERIOD OF THE DEPOSIT |
RATE GROSS/AER* |
| 1 YEAR |
2.25% |
Terms and Conditions of a Hi Return Business Fixed Deposit
- The Fixed Deposit is available to new and existing UK Business customers.
- The minimum amount you may place in a Business deposit is £50,000. The maximum amount that can be invested in this deposit is £5,000,000.
- All deposits must be in Sterling.
- The period of the deposit is twelve months.
- Withdrawals and closures are not permitted during the term of the Business deposit. Funds must remain in the account until maturity.
- New customers must send the amount of deposit by a CHAPS payment from their business bank account held with another bank or financial institution. Customers who hold an account with us can send instructions to transfer funds from their account with us to their Hi Return Business Fixed Deposit. The deposit will be paid back to the account of the company with the institution from where the funds were received.
- You cannot add additional amounts to your Business Term Deposit. However you can open more than one Business Term Deposit, subject to availability of the scheme.
- Interest will be paid at maturity.
- The rate of interest is fixed for the entire period of the deposit.
- This Deposit scheme is available for a limited period and may be withdrawn at any time at the discretion of the Bank.
- Please ask at branch for the application form and information regarding documents required for the account.
- Please click here for information on our General Terms and Conditions of Service.
* AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. GROSS is a contractual rate payable before deduction of income tax at rate specified by law.