This is a non-interest bearing account with no restrictions on the number of withdrawals (debits) or deposits (credits). There is no minimum amount of deposit required for opening an account. However, monthly service charges are levied if minimum balance is not maintained as follows:

• Checking account for individual customers in the USA: $500
• Checking account for a business/association based in the USA: $2500

A checking account for a non-USA based individual or business/association may be opened as per bank’s discretion, either on the same terms and conditions prescribed for US based customers or on mutually agreed terms and conditions.

Customers who have opened a checking account with us can request for an International Debit Card which will be linked to their Checking account. Please read the Consumer Debit Card Agreement before applying for the debit card.

Early closure fees will apply if you close your account within three months of opening your account.

The bank will provide a statement of account at monthly intervals.

Application Forms

Existing Customers Use form DEP-MC (PDF) New Consumers Use form DEP-MC (PDF) along with form DEP-1 (PDF) Debit Card Application Use form Debit Card Application (PDF)

If you are an individual customer, you may designate a beneficiary (or two beneficiaries) to whom the balance in your account would be payable upon death. If you designate two beneficiaries, you must also specify the proportion in which they should be paid. In the case of joint accounts, the payment to the designated beneficiary will be made upon the death of all the account holders. Designation of beneficiary can be done at the time of opening an account or any time thereafter. It can also be modified or cancelled. Apply on form DoB for designating a beneficiary/ies.

We are located on the second floor at 460 Park Avenue, which is at the corner of Park Avenue and 57th Street (E) in Manhattan. The nearest subway station is 59th Street and Lexington Avenue which can be reached by train No. 4, 5, 6, N, Q and R.

Our business hours are 9 a.m. to 4 p.m. EST Monday through Friday.
( Cash Services available from 9 a.m. to 3 p.m. only. )

Remittances section (for URN holders) Call: 212-521-3236/ 3317 Fax number: (212) 521-3363 Email: remit.nyb@statebank.com avpdrs.nyb@statebank.com Deposits section (for A/c holders) Call: 212-521-3219 / 3286 Fax number: (212) 521-3361 Email: supdrs.nyb@statebank.com mgrdep.nyb@statebank.com avpdrs.nyb@statebank.com