Deposits Schemes
Salient Features
- Low minimum deposit amount of USD 10,000
- Tenures ranging from 1 Month to 5 years
- Attractive Rate of Interest (Current Rates)
- No Tax on Interest earning
- Nomination facility for individuals
- Auto renewal facility
- Option to choose Fixed or Floating Rates
- Loan facility against deposit
- Premature payment (conditions apply)
Download Nomination Form Download Application Form
Interest Rates
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STATE BANK OF INDIA OBU, BAHRAIN RATE OF INTEREST ON TERM DEPOSITS EFFECTIVE FROM 11th July 2011 FOR INDIVIDUAL DEPOSITORS |
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|
PERIOD |
RATE OF INTEREST (USD) | |
| USD <100000 | USD >100000 | |
|
USD |
||
| 1 month | 0.20 | 0.25 |
| 3 months | 0.50 | 0.60 |
| 6 months | 1.20 | 1.30 |
| 1 Year | 1.90 | 2.00 |
| 2 Year | NA | NA |
| 3 Year | NA | NA |
| 4 Year | NA | NA |
| 5 Year | NA | NA |
|
ANNUALISED YIELD (USD) |
||
| PERIOD | USD < 100000 | USD >100000 |
| 1 Year | 1.90 | 2.00 |
| 2 Year | NA | NA |
| 3 Year | NA | NA |
| 4 Year | NA | NA |
| 5 Year | NA | NA |
|
RATE OF INTEREST(GBP) |
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| PERIOD | <100,000 | >100,000 |
| 1 month | 0.15 | 0.20 |
| 3 months | 0.25 | 0.30 |
| 6 months | 0.80 | 0.85 |
| 1 Year | 2.30 | 2.40 |
| 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 | 2.30 | 2.40 |
| 2 Year | NA | NA |
| 3 Year | NA | NA |
| 4 Year | NA | NA |
| 5 Year | NA | NA |
|
RATE OF INTEREST(EURO) |
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| PERIOD | <100,000 | >100,000 |
| 1 month | 0.15 | 0.20 |
| 3 months | 0.25 | 0.30 |
| 6 months | 0.80 | 0.85 |
| 1 Year | 2.30 | 2.40 |
| 2 Year | NA | NA |
| 3 Year | NA | NA |
| 4 Year | N.A | NA |
| 5 Year | NA | NA |
|
ANNUALISED YIELD (EURO) |
||
| PERIOD | <100,000 | >100,000 |
| 1 Year | 2.30 | 2.40 |
| 2 Year | NA | NA |
| 3 Year | NA | NA |
| 4 Year | NA | NA |
| 5 Year | NA | NA |
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AED DEPOSITS |
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|
AMOUNT |
MINIMUM AMOUNT OF AED 100,000 |
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|
<500,000 |
500,001 TO <1,00,000 |
>1,000,000 |
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| PERIOD | |||
| 6 MONTHS |
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|
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| 1 YEAR |
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NOTE:
- 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.
- 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
- Completed Account Opening Form (For Account Opening Form please click here)
- Attested Copies of Passport
- Attested Copies of identification documents
- Latest Passport size photographs of all the deposit holders