State Bank of India, Mainzer Landstrasse 61, 60329 Frankfurt am Main/ Germany, Phone: + 49-69-27237-0

Deposits


Operative Accounts

SBI Frankfurt maintains current accounts for Corporates, Trusts, Institutions, and Corporations.

Our direct membership of European TARGET-2 clearing and state-of-the-art technology platform are definite advantages for our Current Account customers.

You can also give us Standing Instructions for your recurring Payments/Funds Transfers from your Operative Accounts.

Apart from e-statements and Internet Banking facility, an operative account provides you an option to instantly transfer funds to our Term Deposit Schemes earning you attractive interest returns.

For opening an account, please call us for an appointment for personal visit.


Term Deposits

Maximise the growth potential of your cash by making use of attractive interest returns and possible currency appreciation. SBI, Frankfurt is a member of "Einlagensicherungsfonds des Bundesverbandes deutscher Banken (BdB)".

Interest rates (for amount upto EUR/USD/GPB 100,000*) at present are:

Period Euro US-Dollars Pounds
1 month 0.00% 0.20% 0.20%
3 months 0.00% 0.30% 0.30%
6 months 0.10% 0.50% 0.50%
12 months 0.20% 1.00% 1.00%

*For deposits in excess of EUR/USD/GPB 100,000, kindly contact Mr. M.K. Sinha, Senior Vice President at +49-69-27237-123 for interest rates.


Please note that premature encashment is normally not permitted. Interest is payable on simple (non compounding) basis. Tax, as applicable, is recovered at source as per local laws. Interest rates are subject to change from time to time. A deposit, once accepted, however, is not subject to such changes in interest rate.

For more details, please contact:

Mr. M. K. Sinha
Tel. +49-69-27237-123

please click here for e-mail

STATE BANK OF INDIA

Mainzer Landstrasse 61
60329 Frankfurt am Main
Germany
Phone: +49-69-27237-0
www.statebank-frankfurt.com