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Deposit interest rate content

Deposit Interest Rate
Savings Account
  (2015-09-15, before tax, % per annum)
Type Interest rate Remark

Savings account

KRW : 0.20%

-

USD : 0.05%

-

Time Deposit
  (2015-09-15, before tax, % per annum)
Tenor Interest rate (KRW) Interest rate for early termination Interest rate after maturity

1month-6months

1.00% 

0.20%

0.20%

7months-12months

1.10%

13months-24months

1.20%

25months-36months

1.30%

37months-60months

1.40%

Tenor Interest rate (USD) Interest rate for early termination Interest rate after maturity

1Month –3 Months

1M Libor

 

0.05%

 

0.05%

 

3 Month – 6 Months

3M Libor

6 Month- 1 year

6M libor

More than 1 year

12M Libor

he reference document to help bank customer's understanding of deposit transaction. The actual contract apply the Deposit Transactio

*CEO will have discretion to  quote higher rate for USD deposits(Savings/ time) for business consideration.

  • Interest rate: rate for customer at the maturity
  • Interest calculation:start from the next day of deposit to the maturity date (days)
  • This product is not applicable to apply additional fees, restrictions, interest benefits

This guidance is the reference document to help bank customer's understanding of deposit transaction. The actual contract apply the Deposit Transactions General Terms and Conditions. If you apply the contract, the Deposit Transactions General Terms and Conditions will be issued and if you make an agreement, certificate or document related to a contract will be issued. For more information, please contact State Bank of India, Seoul Branch (02-737-xxxx). The customer can complain to us after sign up the products, in case of dispute, can ask for help to the Financial Supervisory Service (no area code 1332).

The deposit in this account is protected by the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. The KDIC coverage limit is up to 50 million won per depositor for the aggregate of all of his/her insured financial products with this bank including principal and designated interest. The rest of the amount in excess of the coverage limit (50 million won) is not protected.

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