Why Choose SBM Personal Banking

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.

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.

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.

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.

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.