Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Deposit typeSBI Advantage FCNR(B) deposit
Source 1Available tenors3 years through 5 years
Source 2Minimum depositUSD 5,000; further amounts in multiples of USD 1,000
Source 3Lock-in period1 year, with a customer letter of undertaking
Source 4Published USD ratesUp to USD 1 million /
Source 5Premature withdrawalNot permitted during year 1; after 1 year and before 3 years, 3.50% for the run period; from 3 years to below 5 years, 1 percentage point below the applicable run-period rate
Source 6Loan or overdraftAvailable under SBI's norms for loans against FCNR(B) deposits
Source 7Published scheme availabilityAvailable through 30 September 2026
Source 8Benefits and features
- Rates increase across the published longer-tenor and higher-balance tiers
- Loan or overdraft treatment follows SBI's FCNR(B) deposit norms
- Uses the existing FCNR(B) account-opening form
Eligibility
- The product uses the standard FCNR(B) account-opening form and underlying FCNR(B) requirements.
- A one-year customer undertaking forms part of the published lock-in condition.
- The official page states a scheme end date of 30 September 2026, so availability must be rechecked after that date.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Customer letter of undertaking for the one-year lock-in
