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CHENNAI BRANCH

• Highest Interest
• 100 % safety being a Government Bank
• International Standard of Customer Service

Complete range of bank facilities available with professional and courteous service

• Demand Deposits
• Deposit Accounts

ELIGIBILITY

* Indian Citizen

  An Indian citizen who stays  abroad for employment/  carrying on 
  business or vocation outside India.

* Foreign Citizen

  Non-Resident  Foreign citizens of Indian origin are also treated on
  par with non-resident  Indian citizens

TYPES OF DEPOSIT ACCOUNTS

* NRE Savings Bank Accounts

   In this account  remittance should  be  made in  foreign currency. 
   The same will be converted and held in Indian rupees. Depositors
   are given a Cheque Book for operating the account. This account
   bears interest as  advised by RBI  from time to time.  Transfer of 
   funds from this account to other NRE accounts and vice versa are
   permitted. Balances in these  accounts are repatriable.

* NRE Term Deposits

   This is a fixed  deposit account where deposit amount  should  be 
   remitted in  foreign currency, which will be converted  into Indian
   rupees   and   held   for  a  minimum   of  one  year  and  above. 
   The interest as well as the principal amount can be repatriated on
   maturity of the deposits  or renewed for further  period.  Interest 
   rate is fixed as  advised by  RBI  from   time to  time and  tax  at 
   source will not  be deducted. Interest is cumulated quarterly  and 
   the minimum deposit is  equivalent of USD.1,000/-.

* (NRO) Non Resident Ordinary/ Savings/ Fixed Deposits

   The  Non  Resident  Indians  can  open both  Savings  Bank  NRO 
   Account     and  Fixed  Deposit  NRO  Account.  Unlike  the  other 
   accounts, remittances can also be made in Indian rupees. But the
   balances  cannot be repatriated. Attractive interest rates are paid
   depending on the  period of deposit. Interest earned is subject to
   Indian Income Tax rules.  Foreign nationals can also open a NRO
   account with us. NRO SB account bears  interest rate of 3.5 %.

* Foreign Currency Non Resident Accounts

   This is a Term  Deposit scheme, wherein remittances have to  be 
   made  in   foreign  currency.  The  account  will  be  held   in  the 
   following four currencies only, with a period of one year.

    Currencies 

• United States Dollar (USD)
• Sterling Pounds (GBP)
• Euro (EUR)
• Japanese Yen (JPY)

    Benefits

• Minimum deposit USD.1,000/- or equivalent in other currencies
• Very competitive interest rates are paid, depending on the period of deposit
• The principal and interest are repatriable.
• Lockers with good storage capacity are available at a nominal rent

* No Frills Account

   In this account, customer has to  maintain a minimum balance of 
   Rs.10/- only. Customers will be given a Passbook and no Cheque
   Book is allowed.

Other facilities provided by us

• Trade Finance Facilities
• Credit Facilities
• Safety Locker Facilities
• Treasury & Money Market Operations
• Correspondent Banking