State Bank of India

State Bank of India

Phone: 0800 532 532 ( Local),+44 (0)20 7454 4338(Int)

Hi Return Fixed Deposits

Earn a high rate of interest
Deposit for up to a period of 5 years
Minimum investment of £10,000 .There is no minimum investment
for existing customers who re-invest their maturity proceeds
Minimum Installment
£10,000 or US $10,000 or €10,000.
Interest Rate
One Year 1.45%
Two Years 1.65%
Three Years 1.90%
Five Years 1.90%
The Fixed Deposit is available to an individual, aged 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address.
The maximum amount that can be invested in this deposit is £5,000,000 or other currency equivalent.
If you do not already have a Savings or a Current Account with us, you will be required to open the same. You cannot add additional amounts to your Fixed Term Deposit. However you can open more than one Fixed Term Deposit, subject to availability.
The rate of interest is fixed for the entire period of the deposit. You can choose the period of the deposit based upon the terms available at the time of the creation of the Fixed deposit
The interest payout frequency is dependent on your choice of the period of the Fixed deposit. Details below.

Where you wish to deposit £50,000 or more for a term of 1 year or more, you have the option of receiving interest monthly. This is only available for Sterling deposits. The interest will be paid into your savings or current account held with us.
Interest will be paid after deduction of income tax at rate specified by law, which is currently 20%. However, we will be able to pay gross interest to eligible account holders subject to completion of HM Revenue and Customs form R85 available from your local branch or the HM Revenue and Customs website at
Deposits cannot be withdrawn before maturity.
This Deposit scheme will be available for a limited period and may be withdrawn at any time at the discretion of the Bank.
Please click here for information on our General Terms and Conditions of Service.


This place is where you can write your valuable comment, suggestion, complain or share your views about this banking items. Other people can get the benefit from your input knowing how good/bad this item is. Your valuable feedback will help the bank to refine their products and improve the quality of services.
Comments powered by Disqus