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STATE BANK OF INDIA, SYDNEY BRANCH(Incorporated in India with limited liability to our company's members)

ARBN 082 610 008

AFSL 238340

Suite 2 & 3, Level 12234 George StreetSydney, NSW 2000Tel: 02-9241-5643Fax: 02-9247-0536

International Money Transfers (IMTs) are electronic payments of cleared funds that arecredited directly to a nominated bank account almost anywhere in the world. They are a fastand reliable way of making international payments.

We recommend that you read all terms provided in this document relating to IMTs and thatyou ask us about any issues that concern you.

Terms and Conditions

Use of a Correspondent

State Bank of India Sydney (SBIS) may use the

services of another bank ('the Correspondent Bank')or agency ('the Correspondent Agency') or anotherbranch of State Bank of India (SBI) to give effect tothe instructions of the Applicant.

A Correspondent bank or Correspondent Agency or aSBI branch overseas may charge additional fees orcharges and either:

Making amendments tooriginal payment details(in addition to the fee for

initially providing theservice)

Making enquiries regardinga payment to thebeneficiary (for examplequerying the non receipt offunds)

Return of the payment bythe Correspondent (inaddition to the fee for

initially providing theservice)

$30.00 plus any outof pocket expenses

incurred by SBIS

$30.00

$30.00 plus any outof pocket expenses

incurred by SBIS

All SBIS fees are denominated in Australian dollars.

These fees do not include any fees and charges that aCorrespondent Bank, Correspondent Agency or SBI

branch may charge.

3. Delayed Payment

The transfer of funds will normally be received within 48hours by the branch of SBI / Correspondent Banks (TheExpected Time). If the branch / Correspondent is not the

beneficiary's branch / bank, it may take additional time toon forward funds to the beneficiary's branch / bank.Further delay may occur in cases if the beneficiary's

branch / bank is not a branch of SBI.

The transfer of funds may be delayed past the ExpectedTime due to circumstances beyond SBIS' control (whichinclude but are not limited to) cut off times fortransmissions imposed by cut off time imposed by theCorrespondent Bank, Correspondent Agency or SBI

branch; delays or complications in post or

SBIS fees and charges

SBIS fees and charges are as follows:

Providing the TTservice

Cancelling the TT afterit has been requested(in addition to the feefor initially providingthe service)

$15.00

$30.00 plus anyout of pocketexpensesincurred bySBIS

1.

deduct those fees or charges from the fundstransferred to the beneficiary by the Applicant, sothat the beneficiary may receive less than theamount sent by the Applicant;

or

pay the funds transferred by the Applicant to thebeneficiary by debit to SBIS account held at theCorrespondent Bank or Correspondent Agencyor SBI branch, with those fees and charges. TheApplicant must then reimburse SBIS for thosefees and charges debited to SBIS account by theCorrespondent Bank or Correspondent Agencyor SBI branch.

a.

b.

2.

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otherwise; delays, errors or omissions in transit or

transmission; acts or omissions of a Correspondent

Bank, a Correspondent Agency or SBI branch or any

other third party; or delays and complications in

overseas banking systems. To the maximum extentpermissible by law, SBIS and its employees and

agents accept no responsibility and will not be liable

for any loss or damage resulting from delays that

arise as a result of the circumstances specified above

or any act or thing done or omitted to be done by

SBIS while acting in good faith on the Applicant's

instructions.

Where the funds are not available for payment to the

beneficiary by the Expected Time, the Applicant may

request that SBIS generate, on behalf of the

Applicant, an enquiry into the delay ('the Enquiry').

Where the delay is not caused by SBIS, the Applicantwill indemnify SBIS for all or any costs or expenses

incurred by SBIS as a result of generating, carrying

out and completing the Enquiry including, without

limitation, legal costs on a solicitor and client basis.

Stopping or cancelling a payment

SBIS may not be able to stop or cancel a payment if

it has already been processed. SBIS fee for

requesting stopping or cancelling of a payment is set

out in the table in Section 2 above.

Fax Instructions

If SBIS determines that it will act on fax messages,

an indemnity in the form acceptable to SBIS must be

signed by you.

In case of instructions received from you through fax,

SBIS shall act upon such instructions only aftersatisfying itself about the genuineness of the same.

SBIS reserves the right to seek reconfirmation of

such instructions over telex/fax/telephone.

Anti Money Laundering

You agree SBIS may delay, block or refuse to make

payment if SBIS believes on reasonable grounds that

making the payment may breach any law in Australia

or any other country, and SBIS will incur no liability

to you if it does so.

You agree to provide all information to SBIS, which

SBIS reasonably requires to comply with any law in

Australia or any other country. You agree SBIS may

disclose information which you provide to SBIS

where required by law in Australia or any other

country.

4.

5.

6.

You declare and undertake to SBIS that the payment of

monies to the beneficiary in accordance with your

instructions by SBIS will not breach any law in

Australia or in any other country.

Privacy

Collection of your information is essential for us toservice both your relationship with us and our business

operations. Without your information that we request

you to provide to us, we would not be able to provide

you with our products and services.

We will usually disclose information of the kind that

comprises (or will comprise) your information to any of

us and to the following types of organisation (including

individuals):

7.

our agents, contractors and external advisers

who we engage to carry out our functions and

activities from time to time or who assist us to

carry out our functions and activities;

your executor, administrator, trustee, guardian

or attorney;

regulatory bodies, government agencies and law

enforcement bodies; and

other parties we are authorised or required by

law to disclose information to.

(a)

(b)

(c)

(d)

Subject to any restrictions imposed on us by the Privacy

Act 1988, you agree and consent to any disclosures by us

of your information to an organisation of these types for

any of our purposes listed above.

Subject to the provisions of the Privacy Act 1988, you

may access your information at any time by requesting to

do so at SBIS. A reasonable fee may apply for thisservice.

If you are able to establish that your information held by

us is not accurate, complete and up to date, we must take

reasonable steps to ensure that the information is

accurate, complete and up to date.

The words "we" and "us" are used in this clause mean

State Bank of India and each and every one of its relatedcompanies (including subsidiaries), whether acting

collectively or alone.

The words "your information" used in this clause mean

personal information about you

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that we obtain from you or from any one else,

regardless of how or when it comes to us.

If you are a company, then:

by applying for this service ('the service'), you agree

and consent to the matters following.

If you supply us with personal information about an

individual, you agree to tell that person that:

we are holding personal information about that

person and he or she can contact us at any of our

branches;

personal information collected about that person

will be used for the primary purpose of assessing

your application for the requested service and, if

your application is approved, for the initialestablishment of the service and then for the

subsequent administration and eventual

finalisation of your service and that without that

personal information, this purpose cannot be

fulfilled;

personal information collected about that person

will usually be disclosed to any of us and to the

following types of organisations-

(a)

(b)

(c)

(d)

regulatory bodies, government

agencies and law enforcement

bodies; and

other parties we are authorised or

required by law to disclose

information to.

(i)

(ii)

that person has the right to access andcorrect personal information we hold about

him or her.

We collect and will collect your information

primarily for the purpose of the initial

establishment of the service and then for the

subsequent administration and eventual

finalisation of the service. You agree and

consent to us using and disclosing your

information for this purpose.

You also agree whether you are a company or

an individual and consent to us using ordisclosing your information for each of the

following additional purposes:

If you are not a company then:

by applying for this service ('the

service'), you agree and consent to

the matters following.

performing our internal administration and operationsincluding accounting, risk management,

record-keeping, archiving, systems development and

testing, credit scoring and staff training;

compliance with legislative and regulatory

requirements; and

prevention and investigation of crime or fraud toprotect your interest and our interest.

(a)

(b)

(c)

Code of Banking Practice

If you are an individual or a small business (as defined

in the Code of Banking Practice), the Code of Banking

Practice applies to this product.

Making a Complaint

If SBIS makes a mistake, or SBIS service does not meet

your expectations, SBIS wants to know.

Internal Dispute Resolution

For resolution to your complaint:

Contact us on 02 9241 5643 or

Write to us at

Suite 2 & 3, Level 12,

234 George Street

Sydney NSW 200

Attention: CEO, State Bank of India Sydney Branch or

Email us at ceo@sbisyd.com.au or

You can call on us in person, weekdays between 9.00

am to 4.00 pm.

In most cases, we will be able to solve your problem on

the spot. If we are unable to do so promptly, then we

will take responsibility to work with you to resolve the

matter within 21 working days.

If this is not possible, we will keep you informed of our

progress and how long we expect it will take to resolveyour complaint.

External Dispute Resolution

If you are not satisfied with the steps taken by SBI to

resolve the complaint, or with the result of our

investigation, you may wish to contact an alternative

financial services dispute resolution scheme.

8.

9.

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Banking & Financial Services Ombudsman Ltd

G P O Box 3A, Melbourne Vic 3001

Telephone: 1300 780 808

Fax: 03 9613 7345

Internet:http: // www.bfso.org.au

Glossary

In this document, the following words have the

following meanings:

YouThe person or persons named as Applicant in this

document. If details of more than one person are

given, then "you" means all of them together and

each of them individually.

CorrespondentAnother bank or agency chosen by SBIS to convey

the funds directly or indirectly to the beneficiaryand includes any intermediary correspondent.

Delayed PaymentOccurs when a transfer of funds occurs, for some

reasons outside of SBIS' control, more than 48

hours after SBIS has accepted your instructions.

10.

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Customer Reference No

E: remit@sbisyd.com.au

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.AUD$

Applicant / Sender Signature: Date:

200

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Agreement and authorisation:

By signing this Application for International Money Transfer, I/we acknowledge and agree that:

a. I/we have read and understood the terms and conditions below and agree to be bound by them;

b. I/we warrant and confirm that all particulars I/we have provided to SBIS in connection with this Application are true and

correct;

c. SBIS will not be liable for any costs, losses or damages if a Delayed Payment occurs and SBIS has acted in good faith on my/our

instructions.

d. I/we agree to indemnify and reimburse SBIS for any costs and expenses incurred by SBIS if I/we make any inquiry at my/our

request, or take any other action, in relation to any Delayed Payment including legal costs on a solicitor and client basis.

e. IMT will be effected only after the confirmation of credit of cleared funds in SBIS account.

f. Unless I/we have disclosed that I am / we are acting in a trustee capacity or on a behalf of another party, I/we warrant that I/we

are acting on my/our own behalf in entering into this agreement.

g. I/we agree that cash transactionswill

be charged of 0.25% by SBIS correspondent Bank and this will be recovered fromme/us.

h. I/we confirm that I/we have received, read and understood the Standard Terms and Conditions relating to International Money

Transfers and agree to be bound by them.

i. I/we confirm that the amount to be transmitted is

,

*