State Bank of India - Personal - Fixed Deposit - One‐Year Fixed Deposit Offer

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One‐Year Fixed Deposit Offer

State Bank of India is pleased to bring you this 3.33% Gross/AER one year fixed deposit offer

Earn 3.33% AER (gross)*
Deposit period of one year
Minimum deposit is £10,000. Maximum deposit per customer is £5,000,000.
Early closure is not allowed in this account
New customers will be required to open a Savings or Current Account.

Terms and conditions

The Fixed Deposit is available to people aged 18 years and over.
Minimum deposit is £10,000. Maximum deposit per customer is £5,000,000.
If you do not already have a Savings or a Current Account with us, you will be required to open the same.
The customer cannot add additional amounts to the Fixed Term Deposit. However more than one Fixed Term Deposit for the same customer may be set up, subject to availability.
Early closure will NOT be allowed.
The rate of interest is fixed for the entire period of the deposit.
Interest will be paid on maturity.
Interest will be paid after deduction of income tax at rate specified by law, 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. 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 maturity proceeds will be credited to savings or current account with us.
This Deposit scheme will be available for a limited period and may be withdrawn at any time at the discretion of the Bank.

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Fixed Deposit

State Bank of India
15, King Street, London EC2V 8EA.
Customer Services Telephone - 0800 532 532 (if you are calling from within the UK) or 020 7454 4338 (if you are calling from outside the UK)
Email: customerservices@sbilondon.com

State Bank of India (SBI UK) is authorised and regulated by the Financial Services Authority except in respect of its consumer credit products for which SBI is licensed and regulated by the Office of Fair Trading. FSA registration number is 139156. State Bank of India is a member of the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000. The Financial Services Compensation Scheme protects deposits held with our UK branches. Payments under this scheme are limited to £85,000 of your total deposits with us in UK. In practice, this means that each of our customers will be compensated up to a maximum of £85,000 of their total deposits. Where two depositors hold a joint account, each depositor may receive a maximum of £85,000 compensation in respect of their claim, giving a total of £170,000.

State Bank of India is a bank incorporated and headquartered in India and is regulated by the Reserve Bank of India.'

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* 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.

** Free for Instant Access Savings Account Holders meeting minimum monthly balance requirements

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