Deposit Products

State Bank of India, Tokyo offers fixed deposits in US dollar, GB pound & Euro from one month to more than 5 years. Customers can choose the period suitable thereunder. Competitive interest rates are quoted by the Bank. SBI deposits are a safe and reliable option to place funds with India’s largest bank.

For risk factors, customers may please see the Rules governing Time Deposits and provisions of the Financial Instruments and Exchange Law listed below for clarification.

Types of accounts
Current Account

Corporates and individuals can open current accounts with our branches. For the purpose, the identification documents such as passport, alien card, driver’s license for individuals and certificate of company registration, certificate for seal registration, articles of incorporation and identification documents for the directors, company representative etc are required. A separate application form is needed for current accounts denominated in other currencies.

For Account Opening Form Click Here.

Rules governing Current Account

The terms and conditions governing the current account are contained in “Current Account Rules” which will be handed over at the time of opening of the account. Whenever current accounts in a foreign currency is
required, the customers are given the “Documents prior to execution of foreign currency deposits” and are advised to carefully go through the same to learn about the risks involved in the foreign currency current accounts.

Time Deposits

Highly attractive rates of interest are offered at our bank. The interest rates are decided on a weekly basis. Click Here for “Deposit Rates”. Deposits can be kept for varying periods from 1 month and upto five years and even beyond that on special cases! Deposits can be kept in US Dollar or Euro or GBP or Yen. It is an excellent source of earning either for the short or long term. Instead of keeping funds idle, a State Bank deposit will enable you to earn handsomely for a period as low as a month. For high value deposits over 10 million Yen or 100,000 USD these rates are further improved depending on the amount and tenor of deposit.

For Account Opening Form Click Here.

Rules governing Time Deposits

The deposit shall be repaid with interest on or after the date of maturity appearing on the face thereof. Interest is paid in a lump sum at maturity for deposits or periodical intervals, once in three months depending on the scheme chosen by the customer. The deposit will be rolled over automatically at the end of maturity period for the same amount and for the same period unless otherwise instructed. The deposits made at the bank are not covered by any deposit insurance. As per local regulations withholding tax is deductible on the interest before payment of applicable rate except where exemptions are allowed as per law. Bank may not pay interest for premature withdrawals or may charge penalties for early withdrawals. Please inquire at our branches in advance, in case of need.

Financial Instruments & Exchange law

For details of the deposits in the case of foreign currency deposits such as exchange risk factors, commission chargeable, taxation as aspects etc. please refer to “document prior to execution of foreign currency deposits”, which can be collected from the branch.

Customers may please note that for deposits in currencies other than JPY, there is a potential risk of loss arising out of fluctuations in currency values.

Document Prior to Execution of Contract of Foreign Currency Time Deposit

Ordinary Deposit Account

Corporate customers can open Ordinary Deposit account for day-to-day operations (JPY) and earn interest on daily balances. The interest rate for balance of JPY 10 million but below JPY 50 million is 0.20%, for balance of JPY 50 million but below JPY 100 million 0.40% and for balance of JPY 100 million and above * 0.60%. (*Special Rates will be offered on a case to case basis.)

Transactions requiring identifications

Customer identification will be requested when a customer:-
(i) opens a new account, rents a safe deposit box, enters into a custodial transaction etc
(ii) initiates cash transactions exceeding two million yen (e.g. money exchange (foreign currencies/foreign traveler’s checks etc))
(iii) initiates a domestic cash transfer and or overseas remittance exceeding JPY 100,000.
In the case of overseas remittances, customer identification will also be requested for transactions of one hundred thousand yen or less based on the Law on Reporting Requirements on Cross Border Payments and Receipts for the Tax law Compliance. A transaction may be declined when a customer cannot be properly identified.

Currency USD Transactions
(Available at Tokyo Branch only)

We can exchange USD currencies into JPY and vice versa. Such exchange is permissible only for our account holders. In the case of tendering of USD notes, the customers are required to declare the notes in the “Confirmation for Tendering US Dollar Notes”.

Withholding Tax – For details, please Click Here

Internet banking

Internet Banking facility is available to retail customers through The application forms can be downloaded from this website and submitted to us. Customers can do Balance enquiry, get statements of account.

Notification of Changes

Whenever there is a change of place of work / place of residence etc., please intimate the Bank along with a copy of the identification document.

For the format please Click Here

Loans against Deposits
Overdrafts to Individuals

Customers can avail overdraft facility in JPY/USD at Tokyo branch not only against time deposits kept at the local branches of SBI in Japan but also against repatriable deposits kept in any branch of SBI anywhere in the world . This facility will ensure liquidity of your savings and at the same time protecting the interest receivable on the deposits