We are covered by the Financial Services Compensation Scheme(FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £85,000.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call 0800 678 1100 or 0207 741 4100.
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Instant Access Savings Account
Online Instant Access Savings Account
Minimum deposit amount of £500
Interest paid on balances above £500 and below £1,000,000
Interest is paid on a monthly basis
Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
Account managed online or by visiting our branch
Debit card provided only to the primary account holder if requested
Deposits protected under the Financial Services Compensation Scheme
State Bank of India (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. State Bank of India (UK) Limited is entered on the Financial Services Register and its register number is 757156.
State Bank of India (UK) Limited is a member of the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000. The Financial Services Compensation Scheme protects deposits held with our UK branches. Payments under this scheme are limited to £85,000 of your total deposits with us in the UK. In practice, this means that each eligible depositor will be compensated up to a maximum of £85,000 of their total deposits.
For more information and clarification, visit us at our website www.sbiuk.com or visit your local branch. The contact centre (0800 532 532) is open 24/7.