Interest Rates
NOTE :
Interest on Ordinary Deposit is payable on 28th February and 31st August every year
As per local regulations, withholding tax is deductible on the interest before payment at the applicable rates, unless exempted according to the law.Deposit insurance scheme does not cover the deposits made with our branch
Note :
For deposits in currencies other than JPY, there is a potential risk of loss arising out of fluctuations in currency values.
Terms and Conditions
Term Deposits
We at SBI Japan Offer Term Deposits in JPY, USD, EUR and GBP.
We offer very competitive interest rates on Term Deposits.
For current interest rates on deposit and other details of depoists, please contact:
Tokyo Branch: Phone 03-3517-3700 and 03-3517-3711
E-mail- avprem.tokyo@statebank.com.
Osaka Branch: Phone 06-6271-3237
Email – sbi.osaka@statebank.com
| Minimum Period | The minimum period the deposit would be kept is one month |
| Minimum Amount | The minimum amount is USD 5,000/ EURO 3000/ GBP 2500/ JPY 1 million |
| Premature Payment | Premature payment will attract a penalty of 0.10% for JPY Deposits and 0.25% for deposits in other currencies, on interest applicable for the actual period for which the deposit has run, subject to review. However, in no case the interest will be -ve. In case the interest rate calculated comes to -ve, it will be deemed as zero. |
| Roll over | The deposits will be rolled over at the end of maturity period for the same amount and for the same period unless otherwise instructed |
| Loans | Overdrafts may be allowed against the fixed deposits subject to the Bank’s usual guidelines etc |
| Withholding tax | As per local regulations, withholding tax is deductible on the interest before payment at the applicable rates, unless exempted according to the law. |
| Insurance | Deposit insurance scheme does not cover the deposits made with our branch |
Ordinary Deposit
We at SBI Japan offer Ordinary Deposits in JPY only.
We offer very competitive interest rates on Term Deposits.
For Current interest rates on deposits and other details of deposits, please contact.
Tokyo Branch: 03-3517-3700 and 03-3517-3711
E-mail- avprem.tokyo@statebank.com.
Osaka Branch: Phone 06-6271-3237
Email – sbi.osaka@statebank.com