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 State Bank of India Japan Offer Term Deposits in JPY, USD, EUR and GBP.
We offer very competitive interest rates on Term Deposits.
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 State Bank of India Japan offer Ordinary Deposits in JPY only.
We offer very competitive interest rates on Term Deposits.
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
State Bank of India
Tokyo branch
Time Deposit
Interest Rates (per annum)Valid
From 20th September 2024
|
For Periods |
USD |
Euro |
GBP |
JPY |
|
Up to 2 months |
4.65 |
0.00 |
0.05 |
0.20 |
|
Above 2 months and up to 3 months |
4.50 |
0.01 |
0.10 |
0.20 |
|
Above 3 months and up to 6 months |
4.45 |
0.01 |
0.10 |
0.30 |
|
Above 6 months and up to one year |
4.20 |
0.05 |
0.20 |
0.35 |
|
Above one year and up to two years |
4.10 |
0.10 |
0.25 |
0.40 |
|
Above two years and up to three years |
3.75 |
0.10 |
0.25 |
0.45 |
|
Above three years and up to five years |
3.25 |
0.10 |
0.25 |
0.50 |
|
Above five years |
3.00 |
0.10 |
0.25 |
0.53 |
These rates are valied for USD 5 mio, EUR 5 mio or JPY 1 billion, for amounts more than indicated above kindly consult Branch.
The interest rates may be changed without prior notice. However for the existing deposits contracted rates would continue.
|
Minimum period |
The minimum period a deposit would be kept is one month. |
|
Minimum amount |
The minimum amount is USD 5000 / Euro 3000/ GBP 2500 /JPY 1 million. |
|
Premature payment |
Premature payment will attract a penalty of 0.1% 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 bank’s usual guidelines. |
|
Withholding tax |
As per local regulations, withholding tax is deductible on the interest before payment at the applicable rate, unless exempted according to the law. Corporate Entities – 15.315% p.a. Individual Entities – 20.315% p.a |
|
Insurance |
Deposit insurance scheme does not cover the deposits made with our branch |
|
Forex Risk |
For deposits in currencies other than JPY, there is a potential risk of loss arising out of fluctuation in currency values.’ |