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Special Savings Account
» Deposits » Singapore Dollar Deposit » Special Savings Account
Savings account - can’t get any better
Benefits & Features
Attractive & Competitive Interest Rates
Earn even higher interest with Multisweep facility
Initial deposit of SGD 1000
Minimum average monthly balance of SGD 1000
SBI Gold International ATM Debit Card (MasterCard enabled)
Internet Banking facility available
Joint Account Facility available
No maintenance charges
Depositors under the scheme are eligible for SBI ATM cum Debit card. Transactions on SBI ATMs, ATMs under ATM
network in Singapore and at the various Point Of Sale (POS) in Singapore which accept MasterCard are free.
Cash withdrawals through ATM will be limited to a daily ceiling of SGD 3000 while Internet Banking 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 shall be eligible for Internet Banking facility.
Deposits are covered under SDIC upto the eligible limit
Individuals of the age of 18 years and above are eligible to open a Special Savings Account.
Minors of ages 15,16 &17 are also eligible to open a Special Savings account but this needs to be opened in name of minor & parent / legal guardian aged above 21 years old. ATM facilities will be given only to the parent / legal guardian aged above 21 years old.
Minors below the age of 15 are not permitted to open a Basic Savings account i.e. minimum entry age for Special Savings Account is 15 years old.
Applicable to Singaporeans, Permanent Residents of Singapore as well as Foreigners.
Interest is calculated on the daily balance as on the end of the day and applied monthly.
For the latest Interest Rates,
Penal charge of SGD 2 per month will be levied if the monthly minimum balance in the account falls below SGD 1,000
SGD 30 will be charged if the account is closed within 6 months of opening
for latest schedule of charges
Singaporeans / Permanent Residents:
- Photocopy of NRIC, both sides (The NRIC should have
address of the applicant)
Non – Singaporeans
- Photocopy of Passport and
- Photocopy of Employment Pass / Work Permit / Dependant Pass and
- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass
How to Apply
Download the form to open an account here
SINGAPORE DOLLAR DEPOSIT
Term Deposit Account
Basic Savings Account
Special Savings Account
Kid Savers Account
Check Plus Account
MODS – Multi Option Deposit
Recurring Deposit Account
50Plus Time Deposit
Fair Dealing Commitment
Customer Service Feedback
Helpdesk: 1800-724 7464 (S-B-I-S-I-N-G)
(Monday to Friday: 09:30 AM – 05:45 PM & Saturday: 09:30 AM – 12:30 PM)
Phone: (65) 6228 1116
Fax: (65) 6228 1117
Email: email@example.com, firstname.lastname@example.org
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