Skip Navigation Links

CDIC EnglishSADC Francais

 SBI Canada Bank - Member of Canada Deposit Insurance Corporation:

To find out information about deposit insurance from the Canada Deposit Insurance Corporation including what instruments and/or products are eligible for deposit insurance, visit their website.Information on deposit insurance is also available in the CDIC brochure entitled "Protecting Your Deposits"

Deposit Register

The following instruments and /or deposit products are eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC), subject always to maximum coverage limitations as outlined in their brochure "Protecting Your Deposits" and provided they meet the following conditions:

·        are in Canadian funds

·        are payable in Canada, and

·        have a term of no more than 5 years.


Deposit Accounts

Guaranteed Investment Certificates (GICs) - Redeemable & Non-Redeemable

Savings Account

Super Saver Account (Individuals)

Super Saver Account (Business)

Chequing Account  *

RRSP Savings Account


TFSA Power Savings Account

TFSA Power GIC Account **

Bank Drafts

Certified Cheques

Official Cheques



The below mentioned accounts may be CDIC insured but not used by depositors during normal course of business with State Bank of India (Canada) :


Cheques and other items in Transit

Outstanding Payments [including suspense accounts]

Items lying in Sundry Deposits

Accrued Interest Payable

Unclaimed Balances



Chequing Account is also called Current Account

** We offer RRSP GICs and TFSA Power GICs only as non-redeemable     investments.

Management Team

Click below to get a list of our Senior Executives and their contacts.

The History of SBI

“The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806”.

Suggestions Form

“At SBIC, we appreciate your feedback and are constantly evaluating