Dear Sir / Madam, Greetings to you. FCNR deposit rates witnessed a marginal increase for all currencies. Interest rates are higher for shorter maturities and offer higher returns for 1year to less than 2 year maturities. It would, therefore, be prudent to invest for 23 months to derive maximum advantage. Interest rates for NRE deposits also witnessed a marginal increase to 6.34% from 6.30% for one year to 2 years. Please open the attachment for details. For placing NRE deposits equivalent of Rs. 10 lacs (INR 1,000,000) and above, we are in a better position to quote highly competitive online exchange rates for all currencies for conversion to Indian Rupees so as to maximise your savings. YOUR INVESTMENTS ARE 100% SAFE AT HOME WITH STATE BANK OF INDIA. With best wishes, Sunanda Das Assistant General Manager State Bank of India NRI Branch, Kolkata November 1, 2006.