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SBI 1000 Days Fixed Rate Deposit

SBI 1000 Days Fixed Rate Deposit

SBI 1000 DAYS Fixed Rate Deposit

Instant Access Savings Account
  • Earn a high rate of interest 4.1%
  • Deposit period of 1000 days
  • Minimum investment of £5,000
  • Deposits cannot be withdrawn before maturity

Terms and conditions of SBI 1000 DAYS Fixed Rate Deposit

  • The Fixed Deposit is available to people aged 18 years and over.
  • Minimum deposit is £5,000. The maximum amount that can be invested in this deposit 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 rate of interest will be fixed for the entire period of the deposit.
  • Interest will be added to the deposit on the first and second anniversary with the final interest payment being made at 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.
  • Deposits cannot be withdrawn before maturity.
  • 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  • This Deposit scheme will be available for a limited period and may be withdrawn at any time at the discretion of the Bank.