Term Deposit
• Accepted from both Residents and Non - Residents
• Different rates of interest for different terms of period
• Accepted both in Euros and US Dollars.
• Minimum Deposit: US$1000 or €1000
• Minimum Period: 1 week
• Premature Encashment: Permitted, however, interest will be paid at rate applicable to the period for which the deposit has run. No interest will be paid for deposit prematurely withdrawn before 1 week.
• With-holding Tax: With-holding tax is recovered at applicable rate where interest is paid to resident depositors.
Deposit Rates upto €/US$ 1.000.000
wef 01-08-2017
Period |
Euro |
US$ |
| 1 month | 0.00 | 1.65 |
| 3 months | 0.05 | 1.90 |
6 months |
0.10 |
2.15 |
| 12 months | 0.15 | 2.40 |
For Deposits above Euro/US$ 1.000.000 please contact on undernoted numbers:
Mr B. Vishnu Vardhan (Forex, Swift & ECB)
Tel: 0032/3/2050204
Mr Bhagwan Singh Rathore, Asst Manager (Forex & Money Market)
Tel: 0032/3/2332887
amforex.antwerp@sbi.co.in
Office Hours
Mon-Fri
9.00am to 12.30pm
1.30pm to 3.30pm
