State Bank of India Term Deposit
![State Bank of India Term Deposit](https://www.finder.com.au/global/images/providers/State-Bank-of-India.png)
- Interest rate 6 months interest rate
- Up to 5.1% p.a.
- Minimum opening deposit
- $250,000
- Maximum balance
- $1,000,000
Summary
The State Bank of India allows Aussies to earn a high interest rate on even a short term term deposit.
India’s largest commercial bank, the State Bank of India, offers Australians a competitive term deposit to help meet financial goals. This is an ideal account if you are looking for a short term place to stow your super funds in between any longer term investment opportunities.
Pros
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Available for Australian non-residents
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Can be used for superannuation funds
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Flexible terms from 3 months to 5 years
Cons
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Minimum investment of $250,000 for residents
Details
Key details
Product Name | State Bank of India Term Deposit |
3 month interest rate | 5.00% |
6 month interest rate | 5.10% |
12 month interest rate | 5.10% |
24 month interest rate | 4.90% |
36 month interest rate | 4.90% |
48 month interest rate | 4.50% |
60 month interest rate | 4.50% |
Minimum Opening Deposit | $250,000 |
Minimum age requirement | 18 |
Government guarantee | No |
Eligibility
Minimum Age Requirement | 18 |
Joint account availability | No |
Min Deposit | $250,000 |
Available to children | Not available for children |
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