STATE BANK OF INDIA
New York
All Amounts in USD
Current Interest Rate and Annual Percentage Yield(APY) on Money Market Deposit Accounts
Rates are effective from June 27,2018
USA based customer Minimum balance to avoid fees
Consumer Accounts $ 2,500
Business/Associations $ 50,000
Balance below $ 25,000 Balance of $ 25,000 & more
but below $ 250,000
Balance of $ 250,000 and more
but below $ 2,000,000
Balance of $ 2,000,000 and above
Interest Rate(IR) in (%) 0.40 0.60 1.00 1.25
Annual Percentage Yield(APY) in (%) 0.41 0.61 1.02 1.27
Non USA based customer Minimum balance to avoid fees
Consumer Accounts $ 25,000
Business/Associations $ 100,000
Balance of $ 25,000 & more
but below $ 250,000
Balance of $ 250,000 and more but below $ 2,000,000 Balance of $ 2,000,000 and above
Interest Rate(IR) in (%) 0.60 1.00 1.25
Annual Percentage Yield(APY) in (%) 0.61 1.02 1.27

APY is applicable where interest is payable on cumulative basis.

Please read the complete disclosure of account terms and fee schedule in the Customer Manual

* Rates are subject to change without prior notice