Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Deposit typeNRE non-callable term deposit
Source 1Available tenors1 year or 2 years only
Source 2Minimum deposit₹1.0001 crore (₹1 crore and ₹1,000)
Source 3Maximum depositNo maximum amount stated
Source 4Published interest rates1 year: 6.55% p.a. from ₹1.0001 crore to below ₹3 crore, or 6.25% p.a. from ₹3 crore; 2 years: 6.80% p.a. or 6.15% p.a. respectivelyEffective 15 May 2026
Source 5Interest payoutTerm deposits: monthly, quarterly, half-yearly or yearly; special term deposits: on maturity
Source 6Premature withdrawalGenerally unavailable; SBI lists limited exceptional cases requiring approval, with no interest payable if withdrawal is allowed
Source 7Renewal at maturityRolled over into a normal callable NRE term deposit for the same tenor
Source 8Loan facilityDemand loan against the term deposit, with repayment aligned to the residual deposit period
Source 9Benefits and features
- Two published large-deposit tiers with separate one- and two-year rates
- Multiple interest-payout frequencies for term deposits
- Demand-loan facility against the deposit
Eligibility
- This is an NRE product for eligible non-resident customers.
- The minimum placement is ₹1.0001 crore and only one- and two-year tenors are offered.
- Premature withdrawal is restricted to the limited cases stated by SBI and requires the relevant approval.
Passing a listed condition does not mean the bank will approve an application.