Revision in Interest Rates of NRE/NRO Term Deposit

The Executive Director

The BSE Ltd. 05.09.2012

Phiroze Jeejeebhoy Tower,

25th Floor, Dalal Street, CC/S&B/VKJ/1166

Mumbai - 400001

Dear Sir/Madam,

LISTING AGREEMENT: CLAUSE 36

REVISION IN INTEREST RATES OF NRE/NRO TERM DEPOSITS

In terms of Clause 36 of the Listing Agreement, we advise that State Bank of India has decided to revise the interest rates on NRE/NRO Deposits for the tenors of "1 year to less than 5 years" to 8.50% p.a. from 9.00% (earlier) w.e.f. 7th September, 2012.

Yours faithfully,

…sd…

General Manager