Best-in-Class Returns
Open a Savings Account and earn interest of up to 7.25% per annum with monthly payout options
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Premium Debit Cards
Get access to curated offers across travel, shopping, dining, entertainment and more
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Choose to bank whenever and wherever you want with SBM Internet Banking and Mobile Banking
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Access To New-Age Digital Banking Solutions
Enjoy innovations and benefits like never before in cards, accounts, investments & remittances. SBM Bank also brings you a wide range of products in collaboration with leading Indian Fintech companies.
Relationship Banking
While banking has evolved, we believe that a personal touch is necessary. Our Relationship Managers can fulfil all your banking needs, whether you want to request a Debit Card or need access to bespoke financial solutions.
Exclusive Card Offerings
You can choose from a variety of premium Debit Cards for all your personal banking needs such as making payments on the go or withdrawing cash from ATM.
Competitive Forex Rates
SBM Bank brings you competitive forex rates, backed by the top currency rate providers worldwide. Our currency conversion rates allow you to optimise your international transactions.
Reduce your tax liabilities by INR 1,50,000 under Section 80C of the Income Tax Act, 1961.
The SBM Bank Tax Saver FD, as the name suggests, lets you save tax with your FD investments. With this FD, you can deposit up to INR 1,50,000 for a maximum tenure of five years. Resident Indian senior citizens can avail of higher returns due the additional 0.5%* per annum interest rate offering for them. Additionally, these Tax Saver FDs can provide monthly income in the form of regular interest pay-outs on a monthly or quarterly basis.
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Enjoy world-class facilities at your fingertips with the SBM Visa Signature Debit Card. You can withdraw cash at bank and non-bank ATMs across India. Enjoy lounge access globally at more than 100 airports.
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Pledge your property as security to get a loan
Our Personal Banking services also include a range of financing solutions. You can pledge your commercial as well as residential property as collateral in exchange for a loan. You can use the loan amount to finance personal or business emergencies. Our Loans Against Property come with competitive interest rates and a flexible repayment structure. Also, you can transfer an existing Loan Against Property to SBM Bank and access a host of banking perks with us.
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At SBM Bank, we have carefully designed various accounts to meet your financial needs. You can park your funds with in our Savings Account that offers competitive interest rates. You get access to the SBM Visa Signature Debit Card where you can enjoy unlimited free ATM withdrawals. You can also extend our Personal Banking benefits to your family with the SBM Family Savings Account and SBM Children Savings Account. You can transfer funds online to different bank accounts for free with National Electronic Fund Transfer (NEFT) or Real-Time Gross Settlement (RTGS).
Open Savings Account
You can place your surplus cash in a deposit for a fixed tenure and avail of higher returns. We offer higher interest rates of up to 7.75%* per annum. Additionally, Resident Indian senior citizens can enjoy an extra interest rate of 0.5%* per annum. You can select from a range of FD schemes – cumulative deposits or monthly or quarterly interest pay-outs, for tenures ranging from seven days to 10 years. Any financial emergencies can be funded by prematurely closing the Fixed Deposits. Alternatively, you can pledge your FD as security to get a loan while simultaneously earning interest on the funds in your FD. What’s more, you can book your FD instantly with our internet and mobile banking platforms.
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If you want to leverage the benefits of Fixed Deposits without having to invest a large sum at once, our Recurring Deposits have you covered. You can open an RD through our digital banking platforms without any additional paperwork. All you have to do is transfer the RD amount from your bank account to open the RD. You can hold an RD for a minimum of 6 months and a maximum of 10 years. Our RDs help you build a contingency fund, which you can withdraw in times of emergencies or pledge it as security to get a loan.
Open a Recurring Deposit
We offer a wide range of payment card types, each with unique features and a multitude of offers on top brands. Our premium range of Debit Cards give you access to airport lounges and golf courses. You can use the cards to withdraw funds from bank and non-bank ATMs without any transaction charges or limit of the number of withdrawals.
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You can enjoy seamless and secure foreign inward and outward remittances with SBM Bank. We ensure a transparent fund transfer from abroad so that you can efficiently meet your diverse financial needs. Our robust systems help process your inward and outward remittances smoothly, enabling an overall convenient banking experience.
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Buying your dream house is no longer a dream with Home Loan offerings from SBM Bank. With our Home Loans you can purchase ready-to-move-in flats, under-construction properties and plots, or you can finance home extension and renovation projects. You can avail of attractive interest rates and pocket-friendly Equated Monthly Instalments (EMIs). On the other hand, you can secure a Loan against your residential or commercial properties towards growing your business or to cover urgent personal or business expenses. If you have an ongoing Home Loan or Loan Against Property with another financial institution, we can help you transfer such loans to SBM Bank, and you can benefit from competitive interest rates and preferred loan repayment structures.
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At SBM Bank, we have carefully designed various accounts to meet your financial needs. You can park your funds with in our Savings Account that offers competitive interest rates. You get access to the SBM Visa Signature Debit Card where you can enjoy unlimited free ATM withdrawals. You can also extend our Personal Banking benefits to your family with the SBM Family Savings Account and SBM Children Savings Account. You can transfer funds online to different bank accounts for free with National Electronic Fund Transfer (NEFT) or Real-Time Gross Settlement (RTGS).
Open Savings Account
You can place your surplus cash in a deposit for a fixed tenure and avail of higher returns. We offer higher interest rates of up to 7.75%* per annum. Additionally, Resident Indian senior citizens can enjoy an extra interest rate of 0.5%* per annum. You can select from a range of FD schemes – cumulative deposits or monthly or quarterly interest pay-outs, for tenures ranging from seven days to 10 years. Any financial emergencies can be funded by prematurely closing the Fixed Deposits. Alternatively, you can pledge your FD as security to get a loan while simultaneously earning interest on the funds in your FD. What’s more, you can book your FD instantly with our internet and mobile banking platforms.
Know More
If you want to leverage the benefits of Fixed Deposits without having to invest a large sum at once, our Recurring Deposits have you covered. You can open an RD through our digital banking platforms without any additional paperwork. All you have to do is transfer the RD amount from your bank account to open the RD. You can hold an RD for a minimum of 6 months and a maximum of 10 years. Our RDs help you build a contingency fund, which you can withdraw in times of emergencies or pledge it as security to get a loan.
Open a Recurring Deposit
We offer a wide range of payment card types, each with unique features and a multitude of offers on top brands. Our premium range of Debit Cards give you access to airport lounges and golf courses. You can use the cards to withdraw funds from bank and non-bank ATMs without any transaction charges or limit of the number of withdrawals.
Know More
You can enjoy seamless and secure foreign inward and outward remittances with SBM Bank. We ensure a transparent fund transfer from abroad so that you can efficiently meet your diverse financial needs. Our robust systems help process your inward and outward remittances smoothly, enabling an overall convenient banking experience.
Know More
Buying your dream house is no longer a dream with Home Loan offerings from SBM Bank. With our Home Loans you can purchase ready-to-move-in flats, under-construction properties and plots, or you can finance home extension and renovation projects. You can avail of attractive interest rates and pocket-friendly Equated Monthly Instalments (EMIs). On the other hand, you can secure a Loan against your residential or commercial properties towards growing your business or to cover urgent personal or business expenses. If you have an ongoing Home Loan or Loan Against Property with another financial institution, we can help you transfer such loans to SBM Bank, and you can benefit from competitive interest rates and preferred loan repayment structures.
Know MoreNRIs can open Non-Resident Savings Accounts (NRE/NRO) in India. Once you change your residential status, you can no longer open domestic Savings Accounts.
A Loan Against Property can be availed by salaried and self-employed individuals.
Yes, SBM Bank offers locker facilities at select locations. You can opt for small, medium or large locker sizes, assign a nominee and hold the locker jointly.
SBM Bank offers the following Debit Card variants:
