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PERSONAL BANKING: Deposit Department
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PRODUCTS OFFERED
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 SBI Chicago can make remittances to almost anywhere in India. Remittances are made against your personal cheques, cashier's cheques. We also accept cash upto $2,500.00 for remittances, We issue Dollar denominated Remittance Official Checks (ROC) on selected branches. 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 CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. |
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FOR FURTHER INQUIRIES, PLEASE WRITE TO US AT:Toll Free: 1-800-724-5780 PBX 1-312-621-1200 (Ext. 252, 253) | |||||||||||||
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