Lowest Initial Deposit of SGD 10

Attractive & Competitive Interest Rates

Low minimum daily balance of SGD 100

No maintenance fee

Free SBI Gold International ATM Debit Card (MasterCard enabled)

Interest is calculated on the daily balance as on the end of the day and applied monthly.

Penal charge of SGD 1 per month will be levied if the monthly minimum balance in the account falls below SGD 100.

SGD 10 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 networks overseas – SGD 3 per transaction

A minimum balance of SGD 100 is required. The account can be opened with an initial deposit of SGD 10.  However, the minimum balance of SGD 100 should be reached within the one month grace period.

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

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

No Cheque Book will be issued. Cash withdrawals through the branch are permitted if the customer makes the requisition in person.

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 not be eligible for Internet Banking facility.

Deposits are covered under SDIC upto the eligible limit

Individuals of the age of 21 years and above are eligible to open a Savings Bank account.

Minors of the age of 12 years and above and below 21 years are also eligible to open and operate the account independently, in case they are Singaporeans / Permanent Residents of Singapore.

In the case of minor children of age below 12 years, one of the parents/ legal guardian is allowed to open joint accounts in the names of the parent/legal guardian and minor child.  However, the parent/legal guardian shall only be allowed to open, operate and close the account.