State Bank of India


Instant Access Savings Account

Online Instant Access Savings Account

0.50% AER





FSCS Protected

Account Details

  • 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

Operating Details

  • 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

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Your Money Is Protected

All the money you hold with us is protected up to £85,000 per applicant.

How to apply

To qualify for our accounts, you must be aged 18 or over and resident in the UK for tax purposes, with a permanent UK address.

If all of these statements are correct, you’re able to apply for our accounts.


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About Us

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State Bank of India (SBI) is authorized and regulated by Reserve Bank of India and Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by Prudential Regulation Authority. SBI is entered on the Financial Services Register and its register number is 139156. SBI (UK) is registered in England and Wales (registered no: FC 004460, branch no: BR000696) as an overseas company, with a registered office at 15-17 King Street, London EC2V 8EA.

Protecting your money. Your eligible deposits with State Bank of India are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposit you hold above the £85,000 limit are unlikely to be covered, unless under specific circumstances, as determined by the FSCS. For further information please visit www.fscs.org.uk

* AER - Stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. Gross is a contractual rate payable before deduction of income tax at rate specified by law.

www.sbiuk.com