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Interest Rates

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.
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.
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

SBI Time Deposit

Interest Rates (per annum)Valid

From 14th June 2024

For Periods

USD

Euro

GBP

JPY

Below 2 months

5.00

0.00

0.05

0.10

2 months & above but below 3 months

5.00

0.01

0.10

0.10

3 months & above but below 6 months

5.20

0.01

0.10

0.20

6 months & above but below one year

5.30

0.05

0.20

0.20

For one year

5.20

0.10

0.25

0.25

For two years

4.50

0.10

0.25

0.35

For three years

4.00

0.10

0.25

0.40

For five years & Above

3.25

0.10

0.25

0.50

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.’