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UP UP ON INTEREST
Let your money earn a higher rate of interest than ever before. tree from Indian income tax. Invest your money in SBI's Nonresident (non-repatriable) Rupee Deposit Scheme (NRDS). All non-residents, including overseas corporate bodies, are eligible for this scheme Deposits made by non-resident Indians are accepted for a period of 6 months to 3 years. Funds in foreign currencies transferred to deposits in this scheme will be converted into rupees at the current market rate. The principal and accrued interest thereon will not be repatriated, but repaid in Indian rupees. The current rates of interest under the scheme are as follows 6 months to less than one year
16.5% 1 year and above up to 3 years You can avail of loans in Indian rupees in India. against your deposits as security - for purposes other than investment Call this scheme temptation' if you must. But remember. It's a great way to let your hard-earned money grow faster without being axed by tax. For further details, please contact any of our foreign offices/ affiliates.
17%
*Subirect to change a short storice
State Bank of India
| NON-RESIDENT (NON-REPATRIABLE) RUPEE DEPOSIT SCHEME
Because your money must grow faster.
HEADQUARTERS: STATE BANK OF INDIA INTERNATIONAL DIVISION. CENTRAL OFFICE, MADAME CAMA ROAD, BOMBAY 400 021 TEL 2022426, TELEX 0118-2995 IBID IN FAX. (22) 2040073 CONTACT STATE BANK OFFICES AT NEW YORK CHICAGO. LOS ANGELES - TORONTO. PANAMA LONDON. PARIS FRANKFUAT. ANTWEAP HONG KONG SINGAPORE . TOKYO OSAKA - COLOMBO - MALE. OHAKA. BAHRAIN LADOS.. BHUTAN. WASHINGTON SAO PAULO - CARO - JAKARTA - MILAN. TEHERAN MOSCOW HARARE. MANILA. MAURITIUS Joint Venture New York: 460 Park Ave. (57th St.) NY 10022' 1-800-2274309/1-212-735-9649 Flushing: 42-08 Main Street, Flushing NY 11355 1-718-445-3900
Chicago: 19 S. LaSalle Street, Suite 200, Chicago, IL 60603 1-800-621-1299 / 1.312.621-1200 Washington: 2001 Pennsylvania Av., Suite 625, Washington, DC 20006 1-202-296-4061
(California Subsidiaries) Los Angeles: 707 Wilshire Blvd., Suite 1995, Los Angeles, CA 90017 1-800-252-7250 Artesia: 17127 Pioneer Blvd., Suite A. Antosia, CA 90701 310-865-5009
A TOZ-B SBI 200892
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