SBI, Singapore - Promotion
SBI 4 & 8 Months Time Deposit Promotion
 
ATTRACTIVE TERM DEPOSIT PROMOTION
Tenor SGD Promotional Interest Rate USD Promotional Interest Rate
4 months 0.88% p.a. 1.28% p.a.
8 months 1.08% p.a. 1.58% p.a.
 
Our Term Deposits come in many different exciting flavours! Pick from a choice of currencies including SGD and USD. Tenors are as short as 4 months and deposit placement amount as low as SGD 10,000. Whatever your financial goals, we’ve got everything you need. After all, we’ve been delighting customers for over 200 years. SBI, a household name in India and one of the largest banks in the world. You’re in good hands.
 
For the sweetest deals, talk to us today. Bank on SBI, India’s No. 1
 
Promotion Period: 4th February 2013 to 11th March 2013
 
Terms and Conditions For 4 and 8 Month Term Deposit Promotion
• This promotion is open to new and existing customers of State Bank of India, Singapore Branch.
• Applicable for renewal, existing and fresh funds.
• The minimum deposit amount per individual or per joint account with the same individuals is SGD 10,000 or USD 10,000 in the currency the deposit has been placed.
• The maximum deposit amount per individual or per joint account with the same individuals is SGD 1,000,000 or USD 1,000,000 in the currency the deposit has been placed.
• The bank will process the placement instruction as soon as possible as reasonably and practically possible but may not complete such instruction on the same day of receipt of the instruction. The bank cannot be responsible for any damage or loss of interest or otherwise resulting from any such delay in effecting these instructions. SBI will open the Time Deposit Account with value date of the funds realised.
  Premature Withdrawal:
 
• 4 Month Deposit Period: No interest will be paid on premature withdrawal of the deposit.
• 8 Month Deposit Period: For premature withdrawal of the deposit within 4 months, no interest will be paid. For premature withdrawal of the deposit on or after 4 months, interest will be paid at a rate of 0.38% p.a. for SGD Deposits and 0.78% p.a. for USD deposits for the period the deposit has run.
• Auto Roll Over: Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Time Deposit Board Rate of interest at the time of renewal. If the product is discontinued or the tenor of the deposit is not in conformity with the existing product at the time of renewal, the deposit will be renewed for a period of 12 months or as instructed by the customer at SBI Prevailing Time Deposit Board Rate at that time.
• SBI reserves the right to discontinue or vary this promotion or revise the interest rates or extend or withdraw the promotion without prior notice.
• The Time Deposit Promotion is an independent promotion and cannot be clubbed with any other offer and/or promotion from the bank.
• For standard terms and conditions governing deposit accounts, refer to SBI website www.sbising.com for more details.
   

 
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.
Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Foreign currency investments are subject to rate fluctuations. Adverse exchange rate movements could erase interest earnings completely and reduce the principal amount of the deposit when converted back to home currency.
 
SBI, Singapore - Careers
 
^ Highest tier of 9.56% p.a. is based on prevailing board rate as at 17/10/2011 + 9.36% p.a.
Prevailing board rate is subject to change without prior notice.
 
 
PBR means Prevailing Board rate. The Prevailing Board Rate as per revised rates on 17/10/2011.
 
 
Bancassurance
*Terms and Conditions:
Bancassurance promotion (1st April 2012 – 30th September 2012)
1
 NTUC Cash Vouchers / TD Bundle promotion not applicable for NTUC Income REACH / Dream Saver plans.
2
 Customer can choose to take either NTUC Cash Vouchers OR promotional TD rate. NTUC cash Vouchers only applicable for premiums paid by cash – CPF funds not eligible.
3
 NTUC Cash Vouchers will only be given to policy holder after the free-look period.
4
 Time Deposit Bundle rates upon successful sign-up of Bancassurance policy and policy issuance. Rates quoted are applicable for insurance submissions between 1st  April 2012 and 30th September 2012.
5
 Policies are to be in-force and completed 14-days free look by 31st October 2012. Deposits shall then be required to be placed within 2 weeks from the completion of the free-look period.
6
 This is an independent promotion and cannot be clubbed with any other offer and / or promotion from the bank.
7
 Normal board rate will be accorded for the time deposit bundle if the insurance policy is surrendered  / cancelled within 3 / 6 / 12 months according to the TD tenor.
8
 TD Bundle Preferential Rates are dependent on the Prevailing Board Rate (PBR) hence in case of any change in PBR, TD Bundle Preferential Rates will be changed accordingly.
 
Home Loans
*Terms and Conditions:
1
 Application submission period: 1st April 2012 – 30th September 2012.
2
 Gift to be given only upon acceptance of the Letter of Offer. Letter of Offer to be accepted by 15th October 2012.
3
 Only till stocks last.
 
Disclaimers:
1
 SBI shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of the products and/or services provided by third parties. Notwithstanding anything herein, SBI shall not at any time be responsible or held liable for any loss, injury, damage, or harm suffered by or in connection with the products and/or services provided by third parties.
2
 SBI has the right to vary the terms and conditions of the Promotion without prior notice or withdraw or discontinue the promotion at any time without any notice or liability. SBI decision on all matters relating to the Promotion will be at their absolute discretion and will be final and binding. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the promotion, these Terms and Conditions will prevail.
3
 All eligible Singapore Dollar deposits listed in the SBI Register of Insured Deposits will be insured up to SGD 50,000 per depositor according to the Deposit Insurance and Policy Owner’s Protection Schemes Act 2011.
 
SBI, Singapore - Careers
Bancassurance and Home Loan
 
 
 
*Prevailing Board Rate is subject to change without prior notice. Please visit www.sbising.com for Prevailing Board Rate and other terms & conditions.
+Applicable only for 3-month deposit tenor.
 
Promotion valid for a limited period only.
 
i) NTUC Cash Vouchers
 
Regular Premium Plans
Annual Premium Amount Cash Rewards
3,600 - 8,000 125
8,001 - 11,000 200
11,001 - 14,000 300
14,001 - 17,000 400
17,001 - 20,000 500
20,001 & Above 600
Single Premium Plans
Annual Premium Amount Cash Rewards
30,000 - 75,000 50
75,001 - 120,000 100
120,001 - 180,000 150
180,001 - 250,000 250
250,001 - 500,000 350
500,001 & Above 450
 
ii) Special rates on bundled Time Deposits for every insurance policy signed up:
 
Deposit Amount SGD 10,000 - 25,000
Regular Premium Plans
Annual Premium Amount 3 month 6 month
3,600 - 8,000 PBR + 2.02% PBR + 1.01%
8,001 - 11,000  PBR + 3.84% PBR + 1.92%
11,001 - 14,000  PBR + 5.28% PBR + 2.64%
14,001 - 17,000 PBR + 6.72% PBR + 3.36%
17,001 - 20,000 PBR + 8.16% PBR + 4.08%
20,001 & Above PBR + 9.60% PBR + 4.80%
Single Premium Plans
Annual Premium Amount 3 month 6 month
30,000 - 75,000  PBR + 0.98% PBR + 0.49%
75,001 - 120,000  PBR + 2.45% PBR + 1.22%
120,001 - 180,000  PBR + 3.92% PBR + 1.96%
180,001 - 250,000 PBR + 5.88% PBR + 2.94%
250,001 - 500,000 PBR + 8.16% PBR + 4.08%
500,001 & Above  PBR + 16.32% PBR + 8.16%
 
 
iii) Only for the last RP tier (i.e. Regular Premium of S$20,001 and above), customers have the option to place higher Time Deposit amounts for bundling: Minimum SGD 50,000 to Maximum SGD 75,000 for tenures of 6 months or 12 months:
 
Deposit Amount SGD 50,000 - 75,000
Annual Premium Amount 6 month 12 month
20,001 & Above PBR + 1.87% PBR + 0.93%
 
PBR means Prevailing Board Rate. The prevailing Board Rate as per revised rates on 27/08/2012.
 
Terms and conditions:
1. Cash Reward/TD Bundle promotion not applicable for the below plans:
  •  NTUC Income Reach
•  NTUC Income Dreamsaver
2. Customer can choose to take either Cash Rewards OR promotional TD rate. Cash rewards and TD bundle rates are only applicable for premiums paid by cash – CPF funds are not eligible.
3. Cash Rewards will be given in the form of NTUC vouchers. Cash rewards will only be given to the customer after the free-look period.
4. Time Deposit Bundle rates quoted are applicable for insurance submissions between 1st April 2013 and 30th September 2013. Policies are to be in-force and completed 14-days free look by 15th November 2013.
5. TD Bundle Deposit application form can be sent and placed along with the insurance application form but if the insurance policy is not incepted / surrendered / free looked within 3/6/12 months of the deposit tenor, normal board rate (at the time of placement of deposit) will be accorded for the time deposit bundle.
6. This is an independent promotion and cannot be clubbed with any other offer and/or promotion from the bank.
7. TD Bundle Preferential Rates are dependent on the Prevailing Board Rate (PBR) hence in case of any change in PBR at time of placement of the deposit; TD Bundle Preferential Rates will also change.
 
Important Notes
 
SBI shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of the products and/or services provided by third parties. Notwithstanding anything herein, SBI shall not at any time be responsible or held liable for any loss, injury, damage, or harm suffered by or in connection with the products and/or services provided by third parties.

SBI has the right to vary the terms and conditions of the Promotion without prior notice or withdraw or discontinue the promotion at any time without any notice or liability. SBI decision on all matters relating to the Promotion will be at their absolute discretion and will be final and binding. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the promotion, these Terms and Conditions will prevail.

Buying a life insurance is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premium paid.
 
Deposit Insurance Scheme
 
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.
 
 
Dunhill Name Card Holder gift upon acceptance of SBIS Home Loan
Home Loan Amount accepted Gift
S$ 500,000 and above Dunhill Card Holder
 
Terms and conditions:
1. Application submission period: 1st April 2013 – 30th September 2013
2. Gift to be given only upon acceptance of the Letter of Offer. Letter of Offer to be accepted by 15th October 2013.
3. Only till stocks last
 
 
SBI, Singapore - Careers
 
You can now take your interest earnings to the next level. Just open a Step-Up Term Deposit with SBI, and watch your interest rates step up over the tenor period! Deposit placement amount starts from as low as SGD 20,000 and you have a tenor choice of 12 or 18 months.
 
 
To find out how to elevate your interest earnings, talk to us today about our attractive Term Deposit promotions. Bank on SBI, India’s No. 1
 
STEP UP TERM DEPOSIT PROMOTION
Product Features as below:
i) Applicable Currencies: Singapore Dollar (SGD)
ii) Minimum Amount: SGD 20,000 for Retail and Corporate Accounts.
iii) Maximum Amount: SGD 1,000,000 for Retail and Corporate Accounts.
iv) Term: 12 months & 18 months
v) Linking of the Term Deposit account to Current / Savings Account is mandatory for interest credit
  a. New to Bank Customers: Current / Savings Account opening is mandatory.
  b. Existing customers: Can link to existing Current / Savings Account.
vi) Interest Rates as below:
 
SGD - 12 months
Step up Rate (% p.a.)
Step up Rate (% p.a.)
Deposit Amount
20,000 - 99,999.99
100,000 - 1,000,000
Cycle 1 (3 month)
0.68
0.68
Cycle 2 (3 month)
0.88
0.88
Cycle 3 (3 month)
1.18
1.28
Cycle 4 (3 month)
1.58
1.68
Effective rate of interest
1.08
1.13
 
SGD - 18 months
Step up Rate (% p.a.)
Step up Rate (% p.a.)
Deposit Amount
20,000 - 99,999.99
100,000 - 1,000,000
Cycle 1 (6 month)
0.78
0.78
Cycle 2 (6 month)
1.18
1.18
Cycle 3 (6 month)
1.58
1.68
Effective rate of interest
1.18
1.21
 
24 & 36 MONTHS TERM DEPOSIT PROMOTION
Product Features as below:
i) Applicable currencies: Singapore Dollar (SGD)
ii) Minimum Amount: SGD 50,000 for Retail and Corporate Accounts.
iii) Maximum Amount: SGD 1,000,000 for Retail and Corporate Accounts.
iv) Term: 24 Months & 36 Months
v) Linking of the Term Deposit Account to Current / Savings Account is mandatory for interest credit
  a. New to Bank Customers: Current / Savings Account opening is mandatory.
  b. Existing customers: Can link to existing Current / Savings Account.
vi) Interest Rates as below:
 
Tenor
Interest Rate
24 months
1.30%
36 months
1.50%
 
Terms and Conditions governing the SBI Step Up Term Deposit and 24 & 36 Months Term Deposit Promotion:
•
 This promotion is open to new and existing customers of State Bank of India, Singapore Branch.
•
 Applicable for renewal and fresh funds. Fresh funds are funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within the Promotion Period
•
 The minimum deposit amount per individual or per joint account with the same individuals is SGD 20,000 for step up term deposit promotion and SGD 50,000 for 24 & 36 Months Term Deposit promotion in the currency the deposit has been placed
•
 The maximum deposit amount per individual or per joint account with the same individuals is SGD 1,000,000 for step up term deposit and 24 & 36 Months Term Deposit promotion in the currency the deposit has been placed..
•
 The bank will process the placement instruction as soon as possible as reasonably and practically possible but may not complete such instruction on the same day of receipt of the instruction. The bank cannot be responsible for any damage or loss of interest or otherwise resulting from any such delay in effecting these instructions. SBI will open the Term Deposit Account with value date of the funds realised.
•
 A cycle refers to 3 and 6 calendar months for 12 month and 18 month deposit respectively.State Bank of India (SBI) will pay interest on every Cycle on each Cycle Maturity Date and credit the interest upon completion of each cycle to the mandated account. Only the principal amount will be rolled over to the next cycle at the stepped up interest rate.Customer must mandate a valid SBI Savings / Current Account for crediting of interest on every Cycle Maturity date. Applicable to Step Up Term Deposit promotion only.
•
 Premature Withdrawal is allowed but is subject to certain terms and conditions. For any withdrawals before the completion of the 1st quarter, no interest shall be paid. Premature withdrawal means, any withdrawal in between of any cycle. In case of premature withdrawal, board rate (at the time of placement of deposit) will be accorded for completed quarters.
•
 Topping up the principal during the subsistence of the contractual tenor is not allowed. Any request for topping up will be regarded as an application for fresh placement and is subject to the prevailing interest rates and conditions SBI may impose at that relevant point in time.
•
 Upon Account opening, SBI will issue the standard Deposit Confirmation Advice with details of Account Opening Date, Account Maturity Date, interest rate, currency, principal amount and maturity amount.
•
 Auto Roll Over: Unless specified, the principal will be automatically rolled over at the prevailing term deposit board rate at maturity for the same tenor. Where instructions for non-auto roll-over is given, the mandated Savings / Current Account will be credited with the principal and interest from the last cycle upon the completion of contractual tenor. If the tenor of the deposit is not in conformity with the existing products at the time of renewal, then the deposit will be renewed for the maximum period of the deposit on offer at the material time at the interest rates then prevailing.
•
 SBI reserves the right to discontinue or vary this promotion or revise the interest rates or extend or withdraw the promotion without prior notice.
•
 The Term Deposit Promotion is an independent promotion and cannot be clubbed with any other offer and / or promotion from the bank.
•
 For standard terms and conditions governing deposit accounts, refer to the website www.sbising.com for more details.
 
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.
 
SBI, Singapore - Careers
Enjoy attractive promotional rates for Global Remittance Services
 
Enjoy Attractive Promotional Rates
 
  • A fee of SGD 10 will be charged for SGD currency transactions
  • A fee of USD 10 will be charged for USD currency transactions
    		•
     
     
     
     
    Global Remittance Services
     
    1.
    		 Convenience: One-stop-shop services to send money in many currencies
    2.
    		 Efficiency: Choose either USD or SGD to remit money in other foreign currencies
    3.
    		 Speed: Timely and efficient money transfer within 3 working days
    4.
    		 Cost Savings: Competitive foreign exchange rates, low remittance fees
     
    For Retail Customers
    • Tuition and living expenses to overseas students
    • Scholarships or stipends to students studying abroad
    • Insurance claims payments
    • Worker remittance payments
    • Other remittances
     
    For Wholesale Clients
    • Vendor or supplier payments
    • Trade-related payments
    • Expatriate Payroll
    • Pension disbursements to pensioners living abroad
    • Tax collection and refund payments
    • Other remittances
     
    Terms and Conditions for Global Remittance Service
     
    • Before remitting funds, please check with SBI for the full list of Currencies, Banks and Countries where you can remit via Global Remittance Service.
    • Global Remittance Service is available only on weekdays till 4.30pm (excluding public holidays).
    • For fees/charges, please refer to schedule of charges or contact our Branch Staff/Relationship Managers at your nearest SBI Branch.
    • Maximum limit per remittance is USD 1 million (please contact Branch Manager if the amount is more than USD 1 million).
    • Remittance to certain countries may take up to 3 working days.
    • Remittance can be made by debit to operative SGD/USD account or by cash deposit for existing bank account holder. Relevant charges will apply.
    For walk-in customer without bank account - personal identification document is to be provided.
    • Cecil Street Branch can only accept cash deposit in both USD and SGD. Other branches will accept only SGD for cash remittance. Relevant charges will apply.
    • For Existing Customers - For remittance above SGD 10,000, preferential Forex rates can be obtained from dealer through Relationship Manager/branches.
    • While remittance is being offered in 40 listed currencies, please contact Relationship Manager/Branch Manager for remittances in any other currency. Bank reserves the right to withdraw/suspend any of the currencies offered in the remittance list without prior notice. Iranian Rial and Sudanese Pound are not offered.
    • The Bank is not responsible for losses incurred due to Forex rate movement in case of return of funds for any reason whatsoever. No additional penalty will apply.
    • Credit to the beneficiary’s account sometimes may be delayed due to various factors including incorrect/incomplete payment details, submission of payment instructions after cut-off time, ability of beneficiary bank to process incoming funds in a timely manner, local currency regulations requiring beneficiary to provide supporting documents and holidays/non-working days in respective countries.
    • The Bank reserves its right to refuse to accept any application or transaction without assigning any reason.
     
    SBI, Singapore - Careers
     
    Benefits and Features:
    SBI Customer Loyalty Rewards Program enables customers to accumulate loyalty points for selected eligible transactions done through SBI Internet Banking and SBI debit Cards. The loyalty points are automatically redeemed for cash credit in the mandated SBI Savings / Current Account at the end of the month.
     
    There are 3 Stages involved in the Loyalty Rewards Program:
    • Registration through SBI Internet Banking
    • Point Accumulation
    • Point Redemption
     
    Point Accumulation:
    Post opt in, any of the following transactions done over INB and POS will accumulate loyalty points:
     
     
    Point Redemption:
    Redemption will be done automatically on the last working day of the month based on the below table:
     
    Points Tier Redemption Value
    First 50 points $ 0.10 for every point
    Next 100 points $ 0.20 for every point
    Above 150 points $ 0.50 for every point
     
    For example: If the customer has accumulated 175 points, the redemption will as below:
     
    Points Tier Redemption Value Redemption Dollars
    First 50 points $ 0.10 for every point 50*0.10 = S$5
    Next 100 points $ 0.20 for every point 100*0.20 = S$20
    Above 150 points $ 0.50 for every point (175-150)*0.50 = S$12.5
    Total Dollars Accumulated S$37.5
     
    Please click here for Loyalty Program Terms & Conditions.
     
    Eligibility:
    • The scheme shall be open to all individual retail customers.
    • The scheme shall be open to all SGD accounts with Internet Banking facility.
    • The scheme will be available only to active accounts.
     
    Registration on SBI Internet Banking:
    To participate in the Loyalty Rewards Program, customer has to login to Internet Banking using his / her 9 digit CIF number or user name.
     
    SBI, Singapore - Promotions
     
     
    Enjoy Front End Load (FEL) of only 2% when you invest in Unit Trusts with us!
     
     
    Contact our participating branches at Clementi (6506 4244),
    Marine Parade (6506 4266 ) and Toa Payoh (6506 4233) for more details!  
     
     
    For limited period only. Terms & Conditions apply.
     
     
    Important Notes:
    Investments in unit trusts are not bank deposits and unit trusts are subject to investment risk, including the possible loss of the principal amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Past performance is not necessarily indicative of future performance. Any forecast of prediction of markets or economic trends, which are targeted by a unit trust is not necessarily indicative of the future or likely performance of the unit trust. Prices can go up or down.
    This document is published for information and general circulation only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. Investors may wish to seek advice from a financial adviser before making a commitment to purchase the unit trust. In the event that an investor chooses not to seek advice from a financial adviser, the investor should consider whether the unit trust in question is suitable for him.
     
    Terms & Conditions Governing Collective Investment Schemes (Unit Trusts)
    Investment Account Terms & Conditions
     
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    Exclusive Offers on Unit Trust – Promotional Front End Load (FEL)
    Get cash rebate when you bank with SBI
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    Bancassurance and Home Loan
    Exclusive offers on Bancassurance and Home Loans
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    Waiver of transaction charges with Remittance Service
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    Enjoy exclusive discounts with your SBI Debit Card