State Bank Of India

RATES - INTEREST RATES

Savings Bank Accounts 1% per annum (wef Jan 25, 2001)

Super Saver Deposit Account 3.40% for CAD & 2.50% for USD

Term Deposits: Minimum $2000 (Guaranteed Investment Certificates)

Rates effective from May 21, 2008 and subject to change without notice

Non - Redeemable GIC's

Period/Term	Canadian Dollar	US Dollar
1 Years	3.60%	2.75%
2 years	3.75%	2.75%
3 years	3.75%	3.00%
4 years	3.85%	3.00%
5 years and above	4.00%	3.00%

No Term Deposits available for less than 1 year.

SPECIAL RATES AVAILABLE ON REQUEST IN RESPECT OF DEPOSITS OF C$ 100,000 OR MORE. PHONE ANY OF OUR OFFICES OR CALL TOLL FREE 1.866.SBIC NOW FOR MORE DETAILS.

Redeemable / Encashable GIC's available at 25 basis points lower than the respective interest rates both in CAD & USD deposits.

Note: Deposit Insurance eligibility is subject to maximum coverage limitations as outlined in CDIC's brochure"Protecting Your Deposits" & provided the deposits are in Cadian dollars, are payable in Canada & have a term of no more than 5 years. Copies of the brochure are available on request.

NEWS

State Bank of India (Canada)-a wholly owned subsidiary of State Bank of India- has been operating in two provinces of Canada - Toronto & Vancouver for more than a decade, extending various facilities to the Indians settled in Canada such as remittance of funds through a network of over 9000 offices of State Bank of India, the largest commercial bank in India.

SBI (C) has also been instrumental in fostering trade ties between India and Canada by extending financial, advisory and logistic support to Canadian and Indian Corporate’s.

Your Bank Your People at Your Service.
New location to service you - Brampton Branch now open

Mississauga Branch: Business Hours from May 07, 2007

Tue - Fri: 9:30am to 3:30pm
Sat - 9:00am to 2:00pm