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Deposits
Services - Deposits
We Offer the following Deposit Schemes:
- Savings Bank Deposit Accounts in USD and SGD currencies.
- Current Deposit Accounts in all major currencies.
- Fixed Deposit Accounts at attractive interest rates in all major currencies with automatic rollover on maturity.
- Singapore Dollar deposits of individuals and non-bank depositors such as sole proprietorships, partnerships, companies and other unincorporated entities like associations and societies are covered up to S$ 100,000 in aggregate per depositor under the Singapore Deposit Insurance Act. For more information click here
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The list of insured deposits are as under:-
Star Fixed Deposit Accounts
Star Saving Accounts
Star Current Accounts -
We welcome enquires, please email us at deposits.sg(a)bankofindia.bank.in
Kindly be informed that @ has been replaced with (a) in the E-mail IDs for security reasons. You may directly click the link while sending an email.
However, in case you are typing the E-mail ID instead of directly using the link, kindly note to replace (a) with @. Thank you.
Deposits
Please click on the respective links as under to download the account opening forms / Deposits Service Charges:
Foreign Exchange Rate
Foreign Exchange Rates In SINGAPORE Dollars
| CURRENCY | UNIT | BANK BUYS | BANK SELLS |
|---|---|---|---|
| INR - Indian Rupees | 100 | 1.3363 | 1.3800 |
| USD - US Dollar | 1 | 1.2677 | 1.2933 |
| GBP - Sterling Pound | 1 | 1.7091 | 1.7437 |
| AUD - Aust Dollar | 1 | 0.8979 | 0.9253 |
| EUR - Euro | 1 | 1.4806 | 1.5105 |
| LKR - Sri Lankan | 100 | 0.3925 | 0.4085 |
| HKD - Hong Kong Dollar | 100 | 16.0958 | 16.5861 |
| JPY - Japanese Yen | 100 | 0.7909 | 0.8069 |
| CHF - Swiss Franc | 1 | 1.5950 | 1.6436 |
| NZD - New Zealand | 1 | 0.7356 | 0.7581 |
Foreign Exchange Rates In US Dollars
| CURRENCY | UNIT | BANK BUYS | BANK SELLS |
|---|---|---|---|
| USD/INR | 1 | 93.3780 | 96.2220 |
Note: For attractive exchange rate(s) please contact our Dealers at 65894057, 65894052.
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In line with the guidelines of the Monetary Authority of Singapore, SGD-denominated Cheque Books will not be issued to corporate clients after 31st December 2025 by Bank of India Singapore Branch. Cheques already issued can be presented for clearing only up to 31st December 2026.
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IMPORTANT NOTICE: Please be informed that to strengthen the cybersecurity framework, our email domain is getting migrated from ".co.in" to ".bank.in”. However, we will still be able to receive emails on old domain. Contact BOI Singapore Branch for more Information
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We are closed on Saturdays, Sundays & Public Holidays.
