PERSONAL BANKING:

Deposit Department

 

PRODUCTS OFFERED

  1. Checking Accounts
  2. Savings Accounts
  3. Money Market Deposit Accounts
  4. Certificate Of Deposit Accounts

Download Account Opening Forms:

Protect Yourself Against Identity Theft

For Individuals: Step by Step Guide to Opening a New Account, and Application for Certificates of Deposit

For details of each account such as minimum balance required etc., please see our Account Disclosures for Deposit Accounts and Customer Manual.

CD / Savings / MMD Accounts Interest Rate Table

IMPORTANT INFORMATION ABOUT NEW PROCEDURES FOR OPENING AN ACCOUNT

Mandated by the USA Patriot Act

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act, a Federal Law, requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account, including business accounts.

What this means for you:

When you open an account, we will ask for your name, address, date of birth and other information that will allow us to verify identifying documents.  If you are opening an account on behalf of a business entity, documents relating to the business may also be requested.

SERVICES OFFERED

Remittances

SBI Chicago can make remittances to almost anywhere in India. It is mandatory to route the remittance transaction through your Savings or Checking or Money Market account with SBI Chicago. Your account with SBI Chicago can be funded from your Bank account with other banks in USA by Personal cheque, Cashier's cheque, Wire transfer and ACH transfer. We also issue Dollar denominated Remittance Official Checks (ROC) on selected branches in India. Our service charges are very low. We also offer attractive Dollar/Rupee exchange rates for Rupee wire transfers.

For details, please visit Remittances

Issue of Cashier's Checks

ACH Facility for Account Holders

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning, January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, Visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.


 



FOR FURTHER INQUIRIES,
PLEASE WRITE TO US AT:
PB.CHICAGO@STATEBANK.COM
Toll Free: 1-800-724-5780
PBX 1-312-621-1200
(Ext. 252, 253)


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