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 (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.