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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"
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.
Guaranteed Investment Certificates (GICs) - Redeemable & Non-Redeemable
Super Saver Account (Individuals)
Super Saver Account (Business)
Chequing Account *
RRSP Savings Account
RRSP GICs **
TFSA Power Savings Account
TFSA Power GIC Account **
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
* Chequing Account is also called Current Account
** We offer RRSP GICs and TFSA Power GICs only as non-redeemable investments.
Click below to get a list of our Senior Executives and their contacts.
“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”.
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