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State Bank of India - Colombo

Corporate Banking

Our expert team can help you to structure the credit requirements, the way you need it..

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Personal Banking

A Current Account would entitle you to make unlimited number of payments. Through a pre-arranged

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International Banking

International banking services of State Bank of India are delivered for the benefit of its Customers, Non-Resident Indians,

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NRI Banking

An Indian citizen or a foreign citizen of Indian origin who stays abroad for employment/carrying on business or vocation or under circumstances indicating

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Description

             Interest Rate

Interest Rates on Deposits

 

Savings Deposits

3.50%

Time Deposits – 1 Year

 

·         Interest Payable monthly

5.75%

·         Interest Payable at maturity

6.00%

Time Deposits – 6 months

 

·         Interest Payable monthly

-

·         Interest Payable at maturity

5.50%

Time Deposits – 3 months

 

·         Interest Payable monthly

-

·         Interest Payable at maturity

5.00%

PFCA Savings Deposits

 

·         US Dollar

1.00%

·         Sterling Pound

0.50%

·         Euro

0.05%

·         JPY

0.01%

·         SGD

0.01%

·         AUD

1.75%

PFCA Fixed Deposits – 1 Year

 

·         US Dollar

2.00%

·         Sterling Pound

1.00%

·         Euro

0.25%

·         JPY

0.01%

·         SGD

0.15%

·         AUD

2.50%

 

 

 

                         Description

 Min.rate as at

 Max.rate as at

     

 Interest Rates on Advances

 

 

 Export Bill Finance - Rupee Facilities

 12%

 15%

 Import Bill Finance - Rupee Facilities

 12%

 15%

 Lease Finance

 N/A

 N/A

 Lending to Small & Medium Scale Industries (SMEs)

 12%

 15%

 Residential Housing

 14%

 15%

 Pawning

 N/A

 N/A

 US Dollar Loans to Exporters

 3%

 5%

 Overdrafts

 

 

      *Permanent

 12%

 15%

      *Temporary

 24%

 N/A

 Personal Loans

 14%

 16%

 Vehicle Loans

 N/A

 N/A

 Credit Cards

 N/A

 N/A

 Agricultural Lending

 12%

 15%

 Refinance Schemes

 

 

 i. Agriculture & Animal Husbandry

 

 

    * Tea Development Project (Revolving fund)- (TDPRF)

 N/A

 N/A

    * Agro-Livestock Development Project

 N/A

 N/A

    * Any other

 N/A

 N/A

 ii. Small & Medium Enterprises Sector

 

 

    * Sushana Loan Scheme

 N/A

 N/A

    * Self-Employment Initiative Loan Scheme

 N/A

 N/A

    * Any other

 N/A

 N/A

 iii.Micro Finance Sector

 

 

    * Poverty Alleviation Micro Finance Project (Revolving Fund) PAMP Scheme

 N/A

 N/A

    * Small Farmers & Landless Credit Project Revolving Fund

 N/A

 N/A

    * Any other

 N/A

 N/A

 

** Above Interest Rates are Subject to Change Without Notice.

 

 

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