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Money Market Deposit Accounts, New York Branch
Withdrawal: Limits on Transfers
  • A maximum of 6 debit transfers are permitted during a statement period. There is no restriction on the number of cash withdrawals at an ATM with the Debit Card, or at the teller counter by use of the withdrawal form that is available at the branch. These withdrawal forms cannot be used to pay cash to a third person.
  • Should more than 6 debit transfers be effected during a statement cycle, an excess check writing fee will be levied per transfer.
  • We reserve the right to close your account or reclassify it as a Checking Account if you continuously violate the above prescribed limits on the number of transactions.
  • We also reserve the right to refuse any transaction(s) which exceed the permissible limit.
  • While the law allows us to reserve the right for 7 daysí advance notice before permitting a withdrawal, we do not exercise this right currently.
  • Minimum balances, as follows, are required to be maintained to avoid monthly service charges:
    • An individual resident in the USA : $ 2,500
    • An individual resident outside the USA : $ 25,000
    • A business/association based in the USA : $ 50,000.00
    • A business/association based outside USA : $100,000
 

Salient Features
Please read the complete disclosure of account terms and fee schedule in the Customer Manual before applying for an account
 
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Application FormsClick Here +

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

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Our Location Click Here +
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.
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Business Hours Click Here +
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. )

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Whom to Contact Click Here +

For remittances Call: 212-521-3236 / 3317
Fax number: (212) 521-3363
Email: remit.nyb@statebank.com
For Checking, Money Market Deposit, CD Accounts Call: 212-521-3219 / 3286
Fax number: (212) 521-3361
Email: supdrs.nyb@statebank.com mgrdep.nyb@statebank.com
For queries related to NRO / NRE / FCNR accounts with SBI branches in India (24/7) Toll free number :
1 866 328 4209
 
 
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