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DEPOSIT SCHEMES

Current Accounts & Saving Accounts   

Fixed Deposits

 

Global Deposit Super Saver Scheme


 SBI Jubilee Deposit

Current Accounts & Saving Accounts

Current Accounts:

You can open a current account with us with a minimum balance of US$ 5000 for individual accounts and $ 10,000 non-individual accounts.

Savings Bank Accounts:

You can open a savings bank account with a minimum balance of US$ 2000.

For your convenience you can send instructions by fax after executing the Fax Agreement Form.

 

Download Account Opening form for Current Accounts & Savings Account

Download Fax Agreement Form

For further details please contact :

Officer-in-charge(Operations)

Tel:+973-17224719 or 17224956

E-mail  sbibah@batelco.com.bh.

 

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Fixed Deposits

 Short Term Deposits

      Salient Features

      For individuals

v       Choice of different currencies – USD, EUR and GBP

 

v     Low minimum deposit amount of USD/EUR/GBP 10,000

 

v     No upper ceiling

 

v     Tenures ranging from 1 month to 1 year

 

v     No Tax  on interest

 

v     Nomination facility

 

v     Auto renewal facility

 

v     Attractive interest rates linked to corresponding LIBOR

 

v     100% principal guaranteed

 

For corporates

 

v     Choice of different currencies – USD, EUR and GBP

 

v     Low minimum deposit amount of USD/EUR/GBP 100,000

 

v     No upper ceiling

 

v     Tenures ranging from 1 week to 1 year

 

v     No Tax  on interest

 

v     Auto renewal facility

 

v     Attractive interest rates linked to corresponding LIBOR

 

v     100% principal guaranteed

 

  Medium Term Deposits

 

     Salient Features of Floating Rate Deposits

 

v     Both individuals and corporates are eligible to invest

 

v     Choice of different currencies – USD, EUR and GBP

 

v     Low minimum deposit amount of USD/EUR/GBP 10,000

 

v     No upper ceiling

 

v     Tenures ranging from 1 year to 5 years

 

v     No Tax  on interest

 

v     Auto renewal facility

 

v     Nomination facility for individuals

 

v     Joint account facility for individuals

 

v     Floating rate option to take advantage of rising interest rates.     Rates linked to 3 months and 6 months LIBOR. Interest rates reset every 3 / 6 months.

 

v     Choice of interest payment - quarterly/half yearly

 

v     Loan facility upto 90% of the deposit amount

 

v     Premature payment (conditions apply)

      Salient Features of Fixed Rate Deposits

            v     Both individuals and corporates are eligible to invest

v     Choice of different currencies – USD, EUR and GBP

 

v     Low minimum deposit amount of USD/EUR/GBP 10,000

 

v     No upper ceiling

 

v     Tenures ranging from 1 year to 5 years

 

v     Attractive interest rates

 

v     No Tax  on interest

 

v     Interest fixed for the entire period of deposit

 

v     Choice of interest payment – cumulative / non-cumulative

 

v     Auto renewal facility

 

v     Nomination facility for individuals

 

v     Joint account facility for individuals

 

v     Loan facility upto 90% of the deposit amount

 

v     Premature payment (conditions apply)

            

                           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

                     REMITTANCE OF FUNDS FOR CREDIT OF SBI BAHRAIN

      SWIFT Code- SBINBHBM

      Nostro accounts maintained by us:

                  EURO:Account No: 01250438396 with Standard Chartered Bank, London

                  (Swift Code: SCBLGB2L)

             USD: Account No: 000140104 with HSBC, New York (Swift Code: MRMDUS33)

             GBP: Account No: 39885836 with HSBC Bank PLc. London (Swift Code:MIDLGB22)

Download Nomination Form                Download Loan Application Form

 

For further details please contact

Manager (IA & NRI Services)

Tel: 00973-17224720 or 17224956

 E-mail : sbinri@batelco.com.bh.

 Interest Rates

  Interest rate on Term Deposit under fixed & floating rate  as given below              

                        Rates Given below Valid for 27th to 29th May 2005

INTEREST RATES (in %) FOR DEPOSITS UNDER FIXED RATE

Tenor Years

 UNDER REINVESTMENT PLAN UNDER NON-CUMULATIVE PLAN

Below 100,000

(Annualised  Return(%))

100,000 and Above

(Annualised

 Return(%))

Below 100,000

(Semi-Annual)

 100,000 and Above

(Semi-Annual)

USD
1 3.73 3.99 3.70 3.95
2 3.97 4.24 3.86 4.11
3 4.22 4.49 4.01 4.26
4 4.50 4.67 4.18 4.33
5 4.68 4.92 4.25 4.45

EURO
1 1.93 2.03 1.92 2.02
2 2.10 2.31 2.07 2.27
3 2.31 2.63 2.25 2.55
4 2.53 2.91 2.42 2.77
5 2.72 3.23 2.57 3.02

GBP
1 4.58 4.68 4.53 4.63
2 4.50 4.72 4.36 4.56
3 4.58 4.92 4.34 4.64
4 4.71 5.12 4.36 4.71
5 4.83 5.38 4.37 4.82

                      Rates Given below Valid for 27th to 29th May 2005        

INTEREST RATES (in %) FOR DEPOSITS UNDER FLOATING  RATE

Tenor Years

 Interest ( per annum) Reset Half Yearly Interest (per annum)Reset Quarterly
For amounts below 100,000 For amounts 100,000 and above For amounts below 100,000 For amounts 100,000 and above

USD
1 3.52 3.57 3.32 3.37
2 3.57 3.62 3.37 3.42
3 3.62 3.67 3.42 3.47
4 3.67 3.72 3.47 3.52
5 3.67 3.77 3.47 3.57

EURO
1 2.09 2.14 2.07 2.12
2 2.14 2.19 2.12 2.17
3 2.14 2.24 2.12 2.22
4 2.14 2.24 2.12 2.22
5 2.14 2.24 2.12 2.22

GBP
1 4.80 4.85 4.82 4.87
2 4.85 4.90 4.87 4.92
3 4.85 4.95 4.87 4.97
4 4.85 4.95 4.87 4.97
5 4.85 4.95 4.87 4.97

NOTE:

1. Interest Rates  under Floating  Rates are  linked to 3 /6 Month  LIBOR of respective currency and will be reset after every 3/6 month.

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 (IA & NRI Services) on Tel:+973-17224720 or through email: sbinri@batelco.com.bh

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GLOBAL DEPOSIT SUPER SAVER SCHEME

GLOBAL DEPOSIT SUPER SAVER SCHEME

SCHEME OPENED ON 20TH MAY 2005

Deposit Objectives:

  • To provide an opportunity to earn higher interest with rising interest rates based on taking a view that USD 3-month LIBOR will trade within the specified range over next 5 years.

Salient Features:

  • Full Principal Protection

  • Period  5 years

  • USD denominated deposit with call option

  • Minimum Deposit USD 20,000

  • Scope to earn Interest over 8%p.a.(Subject to LIBOR rate movements)

  • Interest payable Quarterly

  • No withholding tax

  • Facility to have account in joint names

  • Nomination facility

  • All Individuals except residents of Bahrain are eligible to invest

The issue opened on 20th May, 2005 and will  remain open for a limited period . All individuals except residents of Bahrain are eligible to invest in the Scheme.

For further information on the deposit please contact us on Tel: +973-17224720, 17224956 or

 

 e-mail  sbinri@batelco.com.bh

              sbibah@batelco.com.bh

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SBI JUBILEE DEPOSIT

SBI JUBILEE DEPOSIT

(Series IV)

Salient Features: 

v     USD denominated deposit

v     Minimum deposit amount  USD 10,000

v     No upper ceiling 

v     Period 3 years

v     Attractive Return upto  4.65% p.a.

v     Tax Free

v     Nomination facility available

v     Facility to open account in joint names

 

The issue  closed on 7th April, 2005 . 

   

For further information on the deposit please contact us on Tel: +973-17224720, 17224956 or

 e-mail sbinri@batelco.com.bh

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SBI JUBILEE DEPOSIT

(Series V)

Salient Features:

v     USD denominated  fixed deposit

v     Minimum deposit amount  USD 10,000

v     No upper ceiling 

v     Period 5 years

v     Attractive Return upto 5.5% p.a.

v     Tax Free

v     Nomination facility available

v     Facility to open account in joint names

 

The Issue  closed on 7th April 2005 .

 

For further information on the deposit please contact us on Tel: +973-17224720, 17224956 or

 e-mail  sbinri@batelco.com.bh

 

 

S

 

 

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