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Deposits Schemes

      Salient Features

      v     Low minimum deposit amount of USD 10,000

v     Tenures ranging from 1 Month to 5 years

 

v    Attractive Rate of Interest  (Current Rates)

 

v     No Tax on Interest earning

 

v     Nomination facility for individuals

 

v     Auto renewal facility

 

v     Option to choose Fixed or Floating Rates

 

v     Loan facility against deposit

 

v     Premature payment (conditions apply)

                              

 Download Nomination Form                Download Application Form

Interest Rates

                                    

STATE BANK OF INDIA

OBU, BAHRAIN

RATE OF INTEREST ON TERM DEPOSITS

EFFECTIVE FROM  01st December 2009

FOR INDIVIDUAL DEPOSITORS

 

PERIOD

 RATE OF INTEREST (USD)
USD <100000 USD >100000 

USD
1 month 0.29 0.34
3 months 0.77 0.82
6 months 1.45 1.50
1 Year 3.00 3.10
2 Year 3.00 3.10
3 Year 3.50 3.60
4 Year 3.20 3.25
5 Year 3.20 3.25

                      

ANNUALISED YIELD(USD)

PERIOD

 USD < 100000 USD >100000 
     
1 Year 3.00 3.10
2 Year 3.05 3.15
3 Year 3.62 3.73
4 Year 3.36 3.42
5 Year 3.42 3.47
 

 

 
  RATE   OF   INTEREST      (GBP)  
PERIOD <100,000 >100,000
1 month 0.31 0.37
3 months 0.62 0.67
6 months 1.35 1.45
1 Year 2.65 2.75
2 Year NA NA
3 Year NA NA
4 Year N.A NA
5 Year NA NA

 

ANNUALISED YIELD (GBP)
PERIOD <100,000 >100,000
1 Year 2.65 2.75
2 Year NA NA
3 Year NA NA
4 Year NA NA
5 Year NA NA

 

 

RATE OF INTEREST (EUR)
PERIOD <100,000 >100,000
1 month 0.21 0.26
3 months 0.69 0.74
6 months 1.50 1.60
1 Year 2.65 2.75
2 Year NA NA
3 Year NA NA
4 Year NA NA
5 Year NA NA

 

ANNUALISED YIELD (EURO)
PERIOD <100,000 >100,000
1 Year 2.65 2.75
2 Year NA NA
3 Year NA NA
4 Year NA NA
5 Year NA NA

 

AED DEPOSITS
AMOUNT MINIMUM AMOUNT OF AED 100,000
 

<500,000

 500,001 TO <1,00,000

>1,000,000
PERIOD       
6 MONTHS       

 

 
 1 YEAR

 

 

 

NOTE:

1. Interest Rates  under Floating  Rates are  linked to 3 /6 Month  LIBOR  and will be reset after every 3/6 month.  interest  calculation on ACTUAL/365 days basis.

2.The above deposits rates are indicative and subject to change even during the day if the situation warrants. For firm rates and further information contact the Manager (RM & NRI Services) on Tel:+973-17505163,17505161 or through email: sbinri@batelco.com.bh

Documents required for opening accounts

ü      Completed Account Opening Form (For  Account Opening Form   please click here)

ü      Attested Copies of Passport

ü      Attested Copies of  identification documents

ü      Latest Passport size photographs of all the deposit holders

         

 

 

 

  

 

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