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Bills

A promissory note (bill) is an all-purpose financial and settlement instrument.

An ordinary promissory note of Sberbank of Russia is a kind of security with the Bank’s written unconditional abstract bill of debt owed to the note-holder.

14 - 1096 days
Depends on amount and term of bill
RUB / USD / EUR

Sberbank promissory notes facilitate


Quick and easy payment for goods, works and services


Lucrative cash investment to generate income


Obtaining a bank loan or guarantee (used as collateral)

Sberbank Promissory Bills are executed on forms that have a high degree of protection from forgery and are printed by GOZNAK Moscow Printing House (Federal State Unitary Enterprise).

Sberbank of Russia has created an electronic base for all issued bills.

A bill may be transferred to another person by means of an endorsement. An endorsement is placed and signed by the bill holder or an attorney on the back of the bill. Each endorsement must have a serial number. Partial endorsement is invalid.

Sberbank bills are issued by the Bank's structural divisions authorized to make transactions with bills.

Bills are issued based on an Issuance Agreement.

At the customer's option the Agreement may be made in one branch of the Bank and bills issued by a branch located in another city.

The Bank issues the following kinds of promissory notes:

  • Interest-bearing note, denominated in roubles and in foreign currency, with income paid in the form of interest accrued on the principal amount (nominal).
  • Non-interest-bearing note, denominated in roubles and in foreign currency, with the income paid in the form of the difference between the principal amount (nominal) and the selling price offered to the first Payee.

The Bank issues interest-bearing notes with the following payment terms:

  • Upon presentation, but not before a certain date and not after a certain date
  • Upon presentation, but not before a certain date

The Bank issues non-interest-bearing notes with the following payment terms:

  • On a certain date;
  • Upon presentation, but not before a certain date.

Sberbank also issues ordinary convertible promissory notes (interest-bearing and non-interest-bearing) — promissory notes denominated in US dollars and euro and containing a condition about the payment in Russian Federation currency, which means that they should be paid by the Bank in Russian roubles. The first payee purchases the promissory note with Russian Federation currency.

The date of presentation of the promissory note for payment and the promissory note income is determined depending on the term of payment as set by the promissory note.

If a promissory note is issued with a term of payment:

- "Upon presentation, but not before a certain date" – the promissory note should be presented for payment within one year of the date indicated in the promissory note. If the promissory note is income-bearing, the income shall be accrued for the period from the date of execution (not inclusive):

For an interest-bearing note — to the date of payment (inclusive) within the established payment period (i.e,. within one year of the date indicated in the promissory note)

For a non-interest-bearing note — to the maturity date (inclusive) indicated in the promissory note

- "Upon presentation, but not before a certain date and not after a certain date" – the promissory note should be presented for payment within the period indicated in the note (e.g., "upon presentation, but not before September 21, 2011 and not after September 23, 2011). The promissory note income shall be accrued from the date of execution (not inclusive) to the date of payment (inclusive) within the established payment period.

- "On a certain date" – the promissory note should be presented for payment on the date indicated in the note, or on one of the next two business days. The promissory note income shall be accrued from the date of execution (not inclusive) to the date of payment (inclusive) within the established payment period.

If during the term of payment the promissory note is not presented for payment to the Bank, the payee shall be entitled to present it for payment within the next three years (Regulation on ordinary and transfer notes, brought into effect by Decree of the USSR Central Executive Committee and the Council of People's Commissars of the USSR dated 7 August 1937 No. 104/1341), after which time the obligation of the Bank to pay the promissory note shall no longer be valid.

For example: a promissory note with a term of payment "upon presentation, but not before May 22, 2007" can be presented by the payee for payment both during the year starting from May 22, 2007, to May 22, 2008 and during the next three years, starting from May 23, 2008, to May 23, 2011 – the period of limitation. On May 24, 2011, the Bank’s obligation to pay the promissory note will expire.

You may calculate the price details of a Sberbank of Russia promissory note on your own, using the Calculator for Determination of the Selling Price and Nominal of Non-Interest Bearing Promissory Notes.

To obtain interest-bearing notes with a term of payment "upon presentation, but not before and not after" or non-interest-bearing notes with a zero discount (unprofitable) with a term of payment "upon presentation, but not before", you may make an Agreement on the Issue of Promissory Notes by Acceptance of the Terms of Issue of Promissory Notes of Sberbank of Russia either as part of a Design-a-Service Agreement or, in the absence of a settlement account of your organisation, at the Bank's department dealing with promissory notes.

To buy the notes, you should submit a Statement of Acceptance to the bank, either in hard-copy, or using the remote banking systems (Client-Sberbank automated system, SPAD AS, Sberbank Business Online AS, InternetBank AS).

The Terms of Promissory Notes Issue, the Statement of Acceptance and the Terms of Placement of Notes, Tariffs, nominal amounts and operating time, in totality represent the Promissory Note Purchase Agreement made between the Bank and the Promissory Note Purchaser.

If necessary, you may execute a bilateral promissory note purchase agreement.

Sberbank of Russia promissory notes shall be paid by the Bank organisation departments authorised to deal with promissory notes (branch network).

To pay the matured promissory note, you should present the following to the Bank:

  • Promissory note
  • Acceptance certificate (for the settlement of the promissory note)
  • The client's documents required for making banking transactions

Promissory notes may be accepted for prepayment (before maturity) on the terms stipulated by Sberbank. In such a case, the following shall be presented to the Bank:

  • Promissory note,
  • Agreement on Prepayment of a Promissory Note
  • Acceptance certificate (for the settlement of the promissory note)
  • The client's documents required for making banking transactions

Depending on the time the request is placed with the Bank's department, the notes may be paid on the day of their presentation, or on the next business day (provided that the representative of the promissory note holder is authorised to extend the promissory note payment date).

Interest rates applied when selling the promissory notes of Sberbank to corporate clients.

You can make an agreement on the investment of funds on the proposed terms at any branch of Sberbank.

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