SBI Singapore has the highest int rate for USD deposits from 1.08% (3 mths) to 1.98% (18 mths)

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SBI Singapore has the highest int rate for USD deposits from 1.08% (3 mths) to 1.98% (18 mths)

ATTRACTIVE TERM DEPOSIT PROMOTION

Now you can bite into larger interest earnings by placing your money with SBI! Tenor is as short as 3 months and deposit placement amount as low as USD 25,000.

Whatever your financial goals, we’ve got everything you need. After all, we’ve been delighting customers for over 200 years. SBI, a household name in India and one of the largest banks in the world. You’re in good hands.

To enjoy the sweetest deals, talk to us today. Bank on SBI, India’s No. 1

* Rates indicated are for deposit amounts USD 150,000 and above.

Terms and Conditions governing Jan ’14 SBI USD Time Deposit Promotion:

• Applicable for fresh & renewal funds. • The minimum deposit amount per individual or per joint account with the same individuals is USD 25,000. • The maximum amount per individual or per joint account with the same individuals is USD 1,000,000. • SBI will open the Time Deposit Account with value date of the funds realised. Only if funds are received latest by 14th April 2014, promotional rates will be accorded. • Auto Roll Over: Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Time Deposit Board Rate of interest at the time of renewal. If the product is discontinued or the tenor of the deposit is not in conformity with the existing product at the time of renewal, the deposit will be renewed for a period of 12 months or as instructed by the customer at SBI Prevailing Time Deposit Board Rate at that time. • Premature Withdrawal (FCY Deposits): For premature withdrawal of deposit, interest is paid for the period it has actually run on a daily basis, at the board rate applicable for that period minus 1% penalty. If the board rate applicable is ≤ 1%, no interest is paid. If the maturity date falls on a non-banking day, the next banking day will be taken into consideration. • SBI reserves the right to discontinue or vary this promotion or revise the interest rates or extend or withdraw the promotion without prior notice. • The Time Deposit Promotion is an independent promotion and cannot be clubbed with any other offer and/or promotion from the Bank. • For standard terms and conditions governing deposit accounts, refer to SBI website www.sbising.com for more details.

Important Notes: Foreign currency deposits and structured deposits are excluded from the deposit insurance coverage. Foreign currency investments are subject to rate fluctuations. Adverse exchange rate movements could erase interest earnings completely and reduce the principal amount of the deposit when converted back to