Basic Banking, nothing else |
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a) |
Initial deposit of SGD 500 |
b) |
Attractive & Competitive Interest Rates |
c) |
Minimum average monthly balance of SGD 500 |
d) |
No maintenance fee |
e) |
Free SBI Gold International ATM Debit Card (MasterCard enabled) |
f) |
Customers can transact using the Bank’s ATMs, and at Points of Sale (POS) which accept MasterCards. |
g) |
Cash withdrawals through ATM and POS transactions will be limited to a daily ceiling of SGD 2000 each. |
h) |
No Cheque Book will be issued. Cash withdrawals through the branch are permitted if the customer makes the requisition in person. |
i) |
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 at the various POS in Singapore which accept MasterCard. |
j) |
Depositors under the scheme shall not be eligible for Internet Banking facility. |
k) |
Deposits are covered under SDIC upto the eligible limit |
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a) |
Individuals of the age of 21 years and above are eligible to open a Savings Bank account. |
b) |
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. |
c) |
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. |
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a) |
Interest is calculated on the daily balance as on the end of the day and applied monthly. |
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b) |
Penal charge of SGD 2 per month will be levied if the monthly minimum balance in the account falls below SGD 500 |
c) |
SGD 30 will be charged if the account is closed within 6 months of opening |
d) |
Click here for latest schedule of charges |
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| Documents to be submitted along with the application form (originals to be produced for face to face verification) |
a) |
Singaporeans / Permanent Residents: |
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- Photocopy of NRIC, both sides (The NRIC should have latest address of the applicant) |
b) |
Non – Singaporeans |
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- Photocopy of Passport or |
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- Photocopy of Employment Pass / Work Permit / Dependant Pass and |
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- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass |
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| Download the form to open an account here |
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