In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

State Bank of India Term Deposit

State Bank of India Term Deposit
Interest rate 12 months interest rate
Up to 5.1% p.a.
Minimum opening deposit
Maximum balance


The State Bank of India allows Aussies to earn a high interest rate on even a short term term deposit.

India’s largest commercial bank, the State Bank of India, offers Australians a competitive term deposit to help meet financial goals. This is an ideal account if you are looking for a short term place to stow your super funds in between any longer term investment opportunities.


  • Available for Australian non-residents
  • Can be used for superannuation funds
  • Flexible terms from 3 months to 5 years


  • Minimum investment of $250,000 for residents

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


Key details

Product Name State Bank of India Term Deposit
3 month interest rate 4.75%
6 month interest rate 4.90%
12 month interest rate 5.10%
24 month interest rate 5.10%
36 month interest rate 5.00%
48 month interest rate 4.50%
60 month interest rate 4.50%
Minimum Opening Deposit $250,000
Minimum age requirement 18
Government guarantee No


Minimum Age Requirement 18
Joint account availability No
Min Deposit $250,000
Available to children Not available for children

Key features

Tiered interest rates up to 4.9% p.a.

The interest rates offered by the State Bank of India are competitive, allowing you to see a substantial increase on your investment. They are also tiered, meaning the longer you invest your money the higher the interest rate is.

Minimum deposit of $250,000

Australian residents will need to be able to deposit $250,000 in order to open a term deposit while non-residents, incorporated entities and SMSFs will need $20,000.

Launch term deposit calculator

How to apply

You will need to speak directly with a representative from the State Bank of India if you wish to open a term deposit with them. Their offices are located in Sydney, or you can call them to find an alternative to establishing your term deposit. Some of the eligibility requirements that they will ask you to meet include and the documents you will need are below.


  • Minimum age. You'll need to be at least 18 years old to apply online.
  • Residency requirement. This account is available for any resident or non-resident of Australia.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question

Staff Finder


Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site