State Bank of India, Chicago

NRI SERVICES : INTEREST RATES

Interest rates applicable to NRI Deposits held in Branches of State Bank of India in India.

1. FCNR ACCOUNTS (w.e.f. October 01, 2005 )

Period of Deposit	US Dollars Rate	Pound Sterling Rate	EURO Rate
1 year & above, below 2 years	4.21%	4.31%	2.13%
2 years & above, below 3 years	4.37%	4.35%	2.31%
3 years only	4.41%	4.51%	2.48%

2. NON-RESIDENT (EXTERNAL) RUPEE ACCOUNTS, Term Deposits (w.e.f. October 01, 2005)

Period	Interest Rate
1 year to less than 2 years	5.00%
2 years to less than 3 years	5.10%
3 years to less than 5 years	5.20%

3. Saving Bank Deposits (NRE) - 4.2% (w.e.f October 01, 2005 for the Quarter October- December 2005)

4. RESIDENT FOREIGN CURRENCY ACCOUNT (RFC) in USD (w.e.f. October 01, 2005)

12 MONTHS AND ABOVE BUT LESS THAN 24 MONTHS	4.21%
24 MONTHS AND ABOVE BUT LESS THAN 36 MONTHS	4.37%
36 MONTHS	4.41%

Rates are Percent per annum and are subject to change without notice.
1. Minimum amount to open an account through Chicago Branch:
a) Savings & Checking accounts $1,000.00 b) Certificates of Deposits $5,000.00
2. Please enclose photocopies of passport(s), DL with SS# & 2 PP size photographs.

These deposits are held in India and are accepted in accordance with Reserve Bank of India and State Bank of India's programs for Non Resident Indians. Deposits made in India are not insured by FDIC or CDIC nor by any other insurance corporation situated outside India. These are not the obligations of State Bank of India in USA and there is no recourse against Bank's branches located outside India.

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