Checking account automatically linked to term deposits

Interest rates upto 1.55%*

Internet banking facility available

SBI Gold International ATM Debit Card (MasterCard enabled)

Personalized cheque books

Interest is calculated on daily balance as on the end of the day and applied monthly for the main current account. For the other linked accounts under MODs, interest is as applicable to SGD Time deposit of the corresponding period and slab on the date of deposit.

Penal charge of SGD 10 per month will be levied if account balance falls below the minimum balance (SGD 5000) in the account.

SGD 20 will be charged if the account is closed within 6 months of opening.

ATM cash withdrawal from SBIS & SBI India network – Free

ATM cash withdrawal from other bank network overseas – SGD 3 per transaction

SGD 7 per book of 25 cheque leaves

SGD 2 will be recovered per month as operation fee

SGD 5 will be charged for any change in sweep details.

Term Deposit account is linked to an operative Current Account

Sweep in a predefined interval with predefined details to create a MOD

Customer can give instructions to convert his normal Current Account to MOD or vice versa.

Customer can modify the instruction regarding tenure and amount of MOD.

The reverse sweep from the MOD account to CA is executed on Last In First out (LIFO) basis.

Minimum deposits, balances and thresholds:

a.	The balance in the Current Account should be maintained at a minimum of SGD 5000 for individuals and SGD 20,000 for non individuals.
b.	Threshold limit (the balance in excess of which MODs will be operative) can be fixed by the customer for sweep from the Current Account.
c.	For individuals the minimum unit size is SGD 1000 and MOD will be created in multiples of SGD 1000
d.	For non individuals the minimum unit size is SGD 5000 and MOD will be created in multiples of SGD 5000

MODs is available for periods of 3/6/12/ 24 months

Customers can transact using the Bank’s ATMs, Internet Banking, and at Points of Sale (POS) which accept MasterCard.

Cash withdrawals through ATM, Internet banking and POS transactions will be limited to a daily ceiling of SGD 2000 each.

Cheque Book facility is available.

Depositors under the scheme are eligible for SBI ATM cum Debit card. No charges will be levied on transactions done through SBI’s own ATMs in Singapore and India and at the various POS in Singapore which accept MasterCard. However, for transactions done through POS outside Singapore, usual charges apply.

Depositors under the scheme shall be eligible for Internet Banking facility.

Deposits held by individual customers are covered under SDIC upto the eligible limit

Individuals of the age of 21 years and above or

**Non individuals like proprietary firms, partnerships, clubs, trusts, associations, corporate etc.