• No account opening charges
• No account maintenance charges
• No minimum balance required to open accounts.
• UNLIMITED incoming and outgoing wire transfers (subject to charges)
• Availability of Online Banking Facility
• Quick remittance facility
• Can be opened in multiple currencies like USD, EUR, GBP, CAD, JPY etc
• For more information, please connect with us through email to ibu@statebank.com

Interest Bearing Current Account

• No account opening charges
• Account maintenance charges - USD 75 per quarter
• UNLIMITED incoming and outgoing wire transfers (subject to charges)
• Availability of Online Banking Facility
• Quick remittance facility
• Can be opened in multiple currencies USD, EUR, GBP.
• Threshold above which interest will be paid USD 10,000/GBP 10,000/EURO 10,000 ( Threshold balance is subject to change with prior intimation to the client). Daily balances at EOD above threshold balance will earn the interest on daily basis.
• The interest will be paid on balance of over and above pre decided threshold. e.g. if threshold is USD 10,000, and balance is USD 25,000, then interest will be paid on USD15,000 for that day.

• SBI IBU will not deduct tax on interest payments on the current account balances.

• Waiver of Charges - 

  1) Account Maintenance charges will be waived if MAB (Monthly Average Balance) of 10,000/- is maintained in respective currencies.

• For more information, please connect with us through email to ibu@statebank.com, cmbd.ibu@statebak.com 

Current Account for Resident Exporters:

SBI IBU has launched a new current account for resident exporter entities:

Eligible entities: All Resident Indian Exporters entities (Corporates/Non-Individual/Non-Retail/Proprietorship allowed from time to time by regulator IFSCA to have accounts in IFSC Gift City). The exporter should not be a holder of Diamond Dollar Account with AD bank in India.

For more information , please connect with us through email to ibu@statebank.com, cmbd.ibu@statebank.com.